1 Pate Road
Leicester Road Industrial Estate
Melton Mowbray
LE13 0DG

Freehold Trade Counter Investment

  • Prominent roadside location
  • Let to Travis Perkins (Properties) Ltd on a lease expiring 2027 (NO BREAKS)
  • Site area approximately 1.88 acres
  • Close to the proposed Melton Mowbray southern motorway bypass (1)
  • Lot
    9
  • Auction
    18/Oct/2018
  • Rent
    £65,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,400,000
  • Sector
    Trade Counter
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 1 Pate Road<br>Leicester Road Industrial Estate<br>Melton Mowbray<br>LE13 0DG
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Property Information

Location
Miles
15 miles north-east of Leicester, 15 miles east of Loughborough, 19 miles south-east of Nottingham
Roads
M1, A46, A606, A607
Rail
Melton Mowbray Railway Station
Air
East Midlands Airport
Situation

Melton Mowbray is a prosperous and historic market town located 15 miles east of Leicester, 15 miles east of Loughborough and 19 miles south-east of Nottingham. The property is located on the Leicester Road Industrial Estate, 1 mile to the west of Melton Mowbray town centre. The property is located at the junction of Leicester Road (A607), Beler Way (the arterial road of the Estate) and Pate Road. (1) The proposed Melton Mowbray southern bypass is scheduled to be located 700 metres to the west of the property. The new £63.5m bypass will pave the way for 6,000 jobs and 4,500 homes in and around Melton Mowbray by 2036. Please see www.melton.gov.uk. Occupiers close by include Samworth Brothers, Sharmans, Brooksby, Witham Garage and Aston Vauxhall, amongst a number of local traders.

Tenure

Freehold.

Description

The property, on a site of 1.88 acres, comprises a trade counter with on-site parking and a fenced yard. The property comprises two trade counter sales areas trading as Travis Perkins and City Plumbing, together with warehouse accommodation. The property has four roller shutter doors.

VAT

VAT is applicable to this lot.

EPC

C

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground

Mezzanine
Trade Counter/
Warehouse
Storage
710 sq m

123 sq m
(7,642 sq ft)

(1,324 sq ft)
TRAVIS PERKINS
(PROPERTIES)
LIMITED (2)
15 years from 28th
September 2012 on
a full repairing and
insuring lease
£65,000 (3)2022 (3)
Total
833 sq m
(8,966 sq ft)
  £65,000 

(2) For the year ended 31st December 2017, Travis Perkins (Properties) Limited reported a turnover of £87,300,000, pre-tax profits of £68,900,000 and a total net worth of £332,700,000 (Source: Experian 16/08/2018). "We are a proud British company with 20+ industry-leading building and construction businesses, 2,000+ outlets and more than 28,000 employees" (Source: www.travisperkins.co.uk ).
(3) At the 2017 rent review, the rent increased from £40,000 and the 2022 rent review is capped to £87,000.

Property Documents

  • Site Plan
    Updated Date
    26.09.18
    File Size
    430 KB
    View PDF
  • Catalogue Page
    Updated Date
    26.09.18
    File Size
    483 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Associate Auctioneers
Ian Hall Associates
Ian Hall 0845 618 7245ian.hall@ianhallassociates.com
Seller's Solicitors
Lawson-West Solicitors 4 Dominus Way
Leicester
LE19 1RP
0116 212 1034
Beverley Heys 0116 212 1058bheys@lawson-west.co.uk

Useful Links

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