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Market Place, SHEPSHED, LE12 Investment Property For Sale in Charnwood

Offers over £400,000

Property reference: MER-G3G11EJJHZ
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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

  • 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.

  • Office

    5.9 sq ft (64 sq ft)

  • Store

    6.73 sq m (72 sq ft)

  • WC

    With low flush WC and wash hand basin.

  • SORTING OFFICE

    22.55 sq m (243 sq ft)

    GROUND FLOOR ROOM 1

  • ROOM 2

    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)

  • Flat 1

    The flats are currently vacant.

  • Flat 2

    Site Area 0.123 acres (approx)

  • Business Rates

    Local Authority: Charnwood Borough Council Period: 2020/2021 Rateable Value: £10,500

  • EPC

    7 Market Place has an Energy Performance rating of 93 within Band D.

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Features

  • CALLING ALL INVESTORS!!!!!
  • FREEHOLD INVESTMENT FOR SALE
  • A WELL ESTABLISHED POST-OFFICE
  • 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

Stamp duty estimate

Mortgage calculator

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