Entirely Let on a renewed lease until 2033 (subject to option)
Substantial Ground and First floor retail unit
Prominent corner position in town centre
Affluent market town
Nearby occupiers include Morrisons, Peacocks, Lloyds Bank, Superdrug and Dominos
Lot 36
Auction 2nd November 2023
Rent £35,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
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 an affluent and historic market town in Leicestershire. The property is prominently located on Sherrard Street (A606), the towns main retailing thoroughfare, at its junction with Sage Cross Street. Nearby occupiers include Morrisons, Peacocks, Lloyds Bank, Superdrug, Dominos and a mix of local retailers, restaurants and cafes.
Tenure
Freehold.
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 an affluent and historic market town in Leicestershire. The property is prominently located on Sherrard Street (A606), the towns main retailing thoroughfare, at its junction with Sage Cross Street. Nearby occupiers include Morrisons, Peacocks, Lloyds Bank, Superdrug, Dominos and a mix of local retailers, restaurants and cafes.
Tenure
Freehold.
Description
The property is a substantial corner building comprising ground floor and part first floor retail accommodation with ancillary accommodation on the remainder of the first floor.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is a substantial corner building comprising ground floor and part first floor retail accommodation with ancillary accommodation on the remainder of the first floor.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground First
Retail Retail/Ancillary
345.20 332.80
(3,715) (3,582)
UNITED CARPETS (PROPERTY) LIMITED t/a United Carpets (1)
10 years from 16/06/2023 (2)
£35,000
15/06/2028
Total Approximate Floor Area
678.00
(7,297) (3)
£35,000
(1) United Carpets and Beds is the UK's largest franchised flooring and bed retailer trading from 57 locations across the UK (www.unitedcarpetsandbeds.com). (2) The lease provides for a tenant option to determine the lease on 15/06/2028 upon serving 6 months written notice. (3) The floor areas are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
