Equity House, 47 Burton Street, Melton Mowbray, Leicestershire, LE13 1AF

Lot Image

Auction sale - Monday 11th December 2017

Result:

Sold for £150,000

  • Long leasehold office accommodation totalling about 2,754 sq ft (255.80 sq m)
  • 4 car parking spaces
  • Walking distance to train station
  • Development opportunity with vacant possession
  • Planning permission for 6 residential units

Details

Location

Summary: Situated on a busy thoroughfare in the town centre
Miles: A606, A607
Roads: Leicester 17 miles, Nottingham 20 miles
Rail: Melton Mowbray railway station

Description

A Grade II listed office building of traditional construction comprising part ground floor offices with a single storey lean to extension, with offices on the first and second floors over the adjacent retail premises totalling about 2,754 sq ft (255.80 sq m). The property retains many of its original features and includes 4 car parking spaces to the rear. The property would suit a residential development with planning permission granted for the conversion to 6 flats. The property is in close proximity to the railway station and all major road connections.

Tenure

Leasehold for a term of 125 years 05/10/2005 with a fixed ground rent of £100 per annum

Planning

Melton Borough Council (01664 502502) www.melton.gov.uk. Planning permission (application no. 16/00116/FUL) for 6 flats (4 x 2 bedroom and 2 x 1 bedroom flats) was granted on 07/03/2016.

VAT

VAT is applicable at the prevailing rate

Energy Performance Certificate

See website

Address Accommodation Sq M Sq Ft
TOTAL 255.80 2,754
Equity House, 47 Burton Street, Melton Mowbray Ground floor offices First floor offices Second floor offices 34.90 117.40 103.50 376 1,264 1,114
The measurements have been provided by the Vendor.

Contact

Seller's solicitor

Morton Fraser LLP

Joanne Wilson

0141 375 0804

joanne.wilson@morton-fraser.com

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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