Commercial property for sale in Market Place, Mountsorrel, Loughborough LE12, £395,000

395,000.00

Offer Nr.:
66229085
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
Andrew Granger & Co
Phone(s):
0116 448 9060

* Freehold
This is an excellent opportunity to acquire a Freehold investment property in
the heart of the attractive and popular village of Mountsorrel. It is offered
with the benefit of vacant possession of the ground floor retail premises and
with Tenants in situ in the two flats and the opportunity for further
development to the rear. The shop has a total sales area of 93. 9 sq. M. (1, 011
sq. Ft. ) and would be suitable for a variety of businesses.
**Situation**
The property is situated on the north - east side of Market Place in an area of
mixed residential, community and commercial uses, in the centre of the village
of Mountsorrel.
**Location**
Mountsorrel has a population of approximately 8, 000 people and is situated
alongside the A6 approximately seven miles north west of Leicester City Centre
and five miles south east of Loughborough. Mountsorrel also lies within a 15 -
minute drive of Junction 23 of the M1 motorway.
The village has a range of amenities including public houses, restaurants, hot
food takeaways, local shops and a number of churches and a library.
The village is also home to the only Michelin - starred restaurant in
Leicestershire.
**Description**
The property comprises a period, part three - storey, part two - storey and part
single - storey, mid - terrace building occupied as a retail shop with two self -
contained flats above.
The oldest part of the building is of solid brick construction with a pitched,
slated roof with the rear, two - storey section having a flat, boarded and
felted roof.
The ground floor comprises a generous sales area with an attractive double
shop frontage and steps up to an office, rear stores and a small basement
storage area.
There is a separate access leading to a one - bed and a two bed flat above.
There is an out - building of brick and tile construction with a further timber
storage shed beyond.
An archway from Market Place gives access to the rear parts.
It should be noted that new windows have been installed at first and second
floor levels to both front and rear.
**Accommodation**
Ground Floor Shop
Sales 93. 9 sq. M. (1, 011 sq. Ft. )
Rear store 26. 7 sq. M. (287 sq. Ft. )
First floor office/store16. 2 sq. M. (174 sq. Ft. )
Outside
Lean - to store 7. 3 sq. M. (78 sq. Ft. )
Storage shed 22. 5 sq. M. (242 sq. Ft. )
Flat 9A 83. 5 sq. M. (899 sq. Ft. )
Flat 9B 73. 0 sq. M. (786 sq. Ft. )
**Tenure**
Freehold
**Tenancies**
The commercial part of the property is let under a lease expiring on 30th
November 2023 at a rent of £9, 600 per annum. The Tenant will remain in
occupation during the marketing and legal processes and will vacate prior to
completion.
The market rent is regarded as being in the order of £16, 000 - £18, 000 per
annum.
The flats are let under Assured Shorthold Tenancies at the following rents:
Flat 9A - £600 pcm
Flat 9B - £450 pcm
**Price**
£395, 000
**Services**
The property is connected to main electricity, gas, water and drainage
services.
**Planning**
The ground floor has planning permission for any purpose with Use Class E.
**Rateable Value**
The property is described in the 2023 Rating List as Shop and Premises with a
Rateable Value of £16, 750.
**Council Tax**
Each flat is valued within Band A for Council Tax purposes.
**Energy Performance Certificates**
9 Market Place (Shop) C (74)
Flat 9A D (65)
Flat 9B E (54)
**Costs**
Each party will be responsible for their own legal costs in respect of the
transaction.
**Viewings**
For further information or to arrange a viewing please contact Kevin Skipworth
of Andrew Granger & Co, Leicester office on or via email at

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