01476 930891
This substantial detached property is situated on a prominent corner location at the busy intersection between the A407 and Scalford Road in the town center. The wider area is well established with a variety of different commercial and residential uses including shops, hotels, cafes / restaurants, houses and flats. Nearby occupiers include KFC, Lidl, Premier Inn and Pets At Home.
Melton is situated approximately 20 miles south east of Nottingham, 17 miles north east of Leicester and 16 miles south west of Grantham and benefits from good access with the A607 and the A606 running through.
The property comprises a two-story structure built from brick and breezeblock construction under a flat roof. The ground floor is made up a mixture of open plan and partitioned rooms proving retail, office and workshop accommodation with further office, retail, storage, kitchen and male and female W.C’s on the first floor. To the rear of the property there is a large car park with perimeter walls and a metal access gate, suitable for approximately 30+ vehicles. The property has development potential subject to the necessary planning consents being granted.
We have been informed that the net internal floor area is as follows;
-4,637 Sq ft NIA of retail and office accommodation
-1,621 Sq ft GIA of ground floor warehouse/workshop accommodation
TOTAL NIA- 581.38 Sq m (6,258 Sq ft)
We understand that mains water, gas, electric and drainage are connected. None of the heating systems or any other plant and equipment have been tested by Commercial List and prospective purchasers must rely on their own investigations as to their existence and condition.
From enquiries made though the Valuation Office website, we understand that the following Rateable value applies;
Rateable Value- £36,750
However interested parties should make their own enquiries as to the amount of rates payable.
For sale on 27th February 2025. The National Property Auction will be broadcast live on SDL Property Auctions website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction. The auction will commence at 09:00.
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
Energy rating: tbc
We understand that VAT will not be payable on the purchase price.
For an appointment to view or further information please contact;
Charlie Burrows
e: charlieb@commerciallist.co.uk t: 07923 448308
