Property overview
Introduction
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.Description
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.
Accommodation Comprising
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POST OFFICE
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.
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Office
5.9 sq ft (64 sq ft)
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Store
6.73 sq m (72 sq ft)
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WC
With low flush WC and wash hand basin.
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SORTING OFFICE
22.55 sq m (243 sq ft)
GROUND FLOOR ROOM 1
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ROOM 2
4.99 sq m (54 sq ft)
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FIRST FLOOR (ROOM 1)
15.76 sq m (170 sq ft)
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First floor (Room 2)
6.64 sq m (71 sq ft)
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Flat 1
The flats are currently vacant.
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Flat 2
Site Area 0.123 acres (approx)
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Business Rates
Local Authority: Charnwood Borough Council Period: 2020/2021 Rateable Value: £10,500
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EPC
7 Market Place has an Energy Performance rating of 93 within Band D.
