Land For Sale £400,000
For sale: £400,000.00|1394 Sq Ft
Mixed retail and residential investment with residential development with planning on land to rear.
An established Post Office and two self-contained one-bedroom flats in a traditional brick, part rendered building with pitched slate roof providing retail shop used as Post Office.
The one-bedroom flats consist of lounge, kitchen, bathroom and bedroom.
To the rear is a former Sorting Office extending to 243 sq ft 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.
The subject property is prominently positioned in central Shepshed fronting Market Place close to its junction with Church Street.
The property forms long-established Post Office buildings with rear vehicular access to large rear grounds.
Post Office
Current rent achieved: £18,000 per anum. The post office has been trading for more than 20 years and is currently let on a 15 year term wit rent reviews every 3 years. The sitting tenant currently has a rolling 12 month break, subject to a 12 month notice period.
Office (19.51m sq/ft (64 sq/ft))
Store & W.C (21.95m sq/ft (72 sq/ft))
Sorting Office (74.07m sq/ft (243 sq/ft))
7A (155.14m sq/ft (509 sq/ft))
8A (116.74m sq/ft (383 sq/ft))
Business Rates
Local Authority: Charnwood Borough Council
Rateable Value: £10,500
Mixed retail and residential investment with residential development with planning on land to rear.
An established Post Office and two self-contained one-bedroom flats in a traditional brick, part rendered building with pitched slate roof providing retail shop used as Post Office.
The one-bedroom flats consist of lounge, kitchen, bathroom and bedroom.
To the rear is a former Sorting Office extending to 243 sq ft 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.
The subject property is prominently positioned in central Shepshed fronting Market Place close to its junction with Church Street.
The property forms long-established Post Office buildings with rear vehicular access to large rear grounds.
Post Office
Current rent achieved: £18,000 per anum. The post office has been trading for more than 20 years and is currently let on a 15 year term wit rent reviews every 3 years. The sitting tenant currently has a rolling 12 month break, subject to a 12 month notice period.
Office (19.51m sq/ft (64 sq/ft))
Store & W.C (21.95m sq/ft (72 sq/ft))
Sorting Office (74.07m sq/ft (243 sq/ft))
7A (155.14m sq/ft (509 sq/ft))
8A (116.74m sq/ft (383 sq/ft))
Business Rates
Local Authority: Charnwood Borough Council
Rateable Value: £10,500
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