Featured property

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

Offers over £400,000

0 bedrooms, 0 bathrooms

Property reference: MER-G3G11EJJHZ

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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

Property overview

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

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.