DESCRIPTION

The property comprises a mixed-use town centre building arranged as a ground floor commercial unit with residential accommodation above.
The ground floor is occupied by a restaurant tenant generating a current passing rent of £15,000 per annum.

The residential upper floors have been granted on a long leasehold basis to a developer for a term of 80 years and currently produce only a peppercorn rent. The purchaser will therefore acquire the freehold interest subject to the occupational lease of the restaurant and the long leasehold residential interest.

The property benefits from a prominent trading position within the heart of Melton Mowbray town centre, surrounded by a mixture of independent retailers, restaurants, cafés and professional occupiers. Burton Street is regarded as one of the town's principal commercial streets and enjoys strong pedestrian footfall.

•Freehold town centre investment.
•Prominent frontage to Burton Street.
•Attractive period building.
•Ground floor restaurant premises producing an income of £15,000 per annum.
•Upper floor flats sold on a long leasehold interest for a term of 80 years.
•Current income from residential element limited to a peppercorn ground rent.
•Potential future reversionary value from the residential long leasehold interest.
•Well-established commercial and retailing location.
•Close to Melton Mowbray railway station.
•Nearby public parking and town centre amenities.
•Suitable for private investors, family offices and SIPP purchasers.