Commercial property for sale on
Scalford Road
Melton Mowbray, LE13

£525,000
744
  • 5 Burton Street ,
    Melton Mowbray, LE13 1AE
  • Sales & Lettings 01664 569700

Features

  • Freehold
  • Wealth of Character
  • 1 x 1 Bed & 3 x 2 Beds
  • Four Apartments
  • Investment Opportunity
  • Close to Town Centre
  • Gas central heating
  • Council Tax Band A

Description

Tenure: Freehold

Rare opportunity to acquire the freehold of this large, detached Victorian property containing 4 individual flats. This property has retained a wealth of character after a major renovation including fully double-glazed sash windows and gas central heating. Ideally located only a short walk from the town centre with secure off-road parking for 8 vehicles.

All four flats are currently tenanted generating an annual gross income of £27,000. (Gross yield of 5.1%) They offer comfortable living space with ample off street parking and an ideal location ensures long term professional tenants and high occupancy levels.

This property is well located and close to many amenities, including a Lidl within 0.1 Miles and the Town centre being 0.2 miles away and Melton Country park is located 1 mile away which has many playgrounds, open areas for walks and a café, making these flats attractive to tenants.

The main detached building has been converted into 4 apartments which offers a large 2 bed to the ground floor with its own private access at the front of the building. The two apartments on the first floor, a 1 and a 2 bed, and the top floor 2 bed have access at the rear from a communal stair way.

Ground Floor Apartment 2 beds - 86.7 sqm / 932 sq ft

First floor 1 bed apartment - 34.8 sqm / 375 sq ft

First Floor 2 bed apartment - 45.1 sqm / 485 sq ft

Second floor 2 bed apartment - 57 sqm / 815 sq ft

Belvoir and our partners provide a range of services to buyers, although you are free to use an alternative provider. For more information simply speak to someone in our branch today. We can refer you on to The Mortgage Advice Bureau for help with finance. We may receive a fee of £200 + VAT, if you take out a mortgage through them. If you require a solicitor to handle your purchase, we can refer you on to Move With Us Conveyancing. We may receive a fee of £200 + VAT, if you use their services. We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.

EPC rating: D. Council tax band: A, Tenure: Freehold,

Documents

Floorplan
Download
Floorplan
Download
Floorplan
Download
Floorplan
Download
EPC Certificate
Download
EPC Certificate
Download
EPC Certificate
Download
EPC Certificate
Download

Mortgage Calculator