63 Sherrard Street Melton Mowbray Leicestershire LE13 1XH

63 Sherrard Street
Melton Mowbray
Leicestershire
LE13 1XH

Freehold Retail Investment

Entirely Let on a renewed lease until 2033 (subject to option)
Substantial Ground and First floor retail unit
Prominent corner position in town centre
Affluent market town
Nearby occupiers include Morrisons, Peacocks, Lloyds Bank, Superdrug and Dominos

Lot
36
Auction
2nd November 2023
Rent
£35,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Entirely Let on a renewed lease until 2033 (subject to option)
Substantial Ground and First floor retail unit
Prominent corner position in town centre
Affluent market town
Nearby occupiers include Morrisons, Peacocks, Lloyds Bank, Superdrug and Dominos

Lot 36
Auction 2nd November 2023
Rent £35,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 15 miles north-east of Leicester, 15 miles east of Loughborough, 19 miles south-east of Nottingham
Roads: M1, A46, A606, A607
Rail: Melton Mowbray Railway Station
Air: East Midlands Airport

Situation

Melton Mowbray is an affluent and historic market town in Leicestershire. The property is prominently located on Sherrard Street (A606), the towns main retailing thoroughfare, at its junction with Sage Cross Street. Nearby occupiers include Morrisons, Peacocks, Lloyds Bank, Superdrug, Dominos and a mix of local retailers, restaurants and cafes.

Tenure

Freehold.

Location

Miles: 15 miles north-east of Leicester, 15 miles east of Loughborough, 19 miles south-east of Nottingham
Roads: M1, A46, A606, A607
Rail: Melton Mowbray Railway Station
Air: East Midlands Airport

Situation

Tenure

Freehold.

Description

The property is a substantial corner building comprising ground floor and part first floor retail accommodation with ancillary accommodation on the remainder of the first floor.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property is a substantial corner building comprising ground floor and part first floor retail accommodation with ancillary accommodation on the remainder of the first floor.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review
Ground First	Retail Retail/Ancillary	345.20 332.80	(3,715) (3,582)	UNITED CARPETS (PROPERTY) LIMITED t/a United Carpets (1)	10 years from 16/06/2023 (2)	£35,000	15/06/2028
Total Approximate Floor Area		678.00	(7,297) (3)			£35,000

(1) United Carpets and Beds is the UK's largest franchised flooring and bed retailer trading from 57 locations across the UK (www.unitedcarpetsandbeds.com).
(2) The lease provides for a tenant option to determine the lease on 15/06/2028 upon serving 6 months written notice.
(3) The floor areas are those published by the Valuation Office Agency (www.voa.gov.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.