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

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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