Rathods are delighted to offer this fantastic opportunity for investment. The property is in Central Shepshed fronting Market Place close to Junction with Church Street. The property forms a long established post office building with access to three Units and large rear grounds.
Fantastic opportunity to acquire a well established Post Office and two self-contained one bedroom flats. The One bedrooms flats consist of lounge, kitchen, bathroom and bedroom.
To the rear is a former sorting office extending to 243 sqft with an opportunity for conversion to residential accommodation. At the rear of the site there is planning consent under P/18/0658/2 as shown in these particulars for the development of three one-bedroom bungalows providing living/kitchen area, bedroom and en-suite.
66.89 sq m (720 sq ft)
The Post Office is well established having been trading for more than 20 years and is currently let on a term of 15 years with an annual rental of £18,000.
Rent reviews are upward only due 2020 and every 3rd anniversary. The tenant has a rolling 12 month break, subject to 12 months notice.
5.9 sq ft (64 sq ft)
6.73 sq m (72 sq ft)
With low flush WC and wash hand basin.
22.55 sq m (243 sq ft)
GROUND FLOOR ROOM 1
4.99 sq m (54 sq ft)
FIRST FLOOR (ROOM 1)
15.76 sq m (170 sq ft)
First floor (Room 2)
6.64 sq m (71 sq ft)
The flats are currently vacant.
Site Area 0.123 acres (approx)
Local Authority: Charnwood Borough Council
Rateable Value: £10,500
7 Market Place has an Energy Performance rating of 93 within Band D.
PROPOSED DEVELOPMENT FOR THREE FURTHER ONE BEDROOM BUNGALOWS
CURRENT ANNUAL RENTAL FROM POST OFFICE £18,000 + RESIDENTIAL RENT OF £18,000 = £36,000 P.A.
PLANNING: CLASSES A1 & C1
POTENTIAL RENT OVER £50,000 (AFTER FURTHER DEVELOPMENT)
INTERNAL VIEWING HIGHLY RECOMMENDED
POPULAR RESIDENTIAL AREA
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