The subject property comprises a three storey property of traditional brick construction with dormers to the roof, beneath a pitched Rosemary tiled roof covering.
The ground floor comprises a tenanted retail unit which is currently let for a headline rent of £18,000 per annum exclusive (rising to £20,000 per annum in March 2022).
The property further benefits from 3 residential self-contained flats to the upper parts of the accommodation. We understand that 2 provide 1 bedroom accommodation with the third providing 2 bedroom accommodation and being accessed via a separate and secure rear access via Wilton Terrace.
The subject property is located to the west side of Nottingham Street, a now pedestrianised location within the Town Centre of Melton Mowbray.
Melton Mowbray is considered to be a Market Town situated on the A606 and A607, with the A606 providing direct access to Nottingham City Centre located approximately 20 miles distance to the northwest and to the southeast links with Oakham located approximately 10 miles distance. The A607 to the southwest has eventual links with Leicester located approximately 20 miles distance where additional links are available with the M1 and the A607 to the northeast links with Grantham approximately 15 miles distance where links are available with the A1.