7-8 Market Place Shepshed Leics LE12 9RT

FOR SALE Offers in excess of £450,000

Mixed Investment/Development Opportunity

Site Area approx 0.123 acres

LOCATION 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. The property’s location is shown on the plan within these particulars. DESCRIPTION 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-bedrooms 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. PRICE Offers in excess of £450,000 (four hundred and fifty thousand pounds).

ACCOMMODATION

TENURE The Post Office is long-established having been trading for in excess of 20 years and is currently let on a term of 15 years with an annual rental of £18,000 on an effective full repairing and insuring lease with a fair proportion contributing to external and structural repairs of the wider structure. Rent reviews are upward only due 2020 and every 3rd anniversary. The tenant has a rolling 12 month break, subject to 12 months notice. NB: It should be noted that we have not received a copy of the lease for the Post Office and, at this stage, have relied on client information. The flats above are currently vacant.

BUSINESS RATES Local Authority: Charnwood Borough Council Period: 2019/2020 Rateable Value: £10,500 LEGAL COSTS Each party will be responsible for their own legal costs incurred in the transaction. VAT The position regarding VAT is to be confirmed. EPC 7 Market Place has an Energy Performance Asset Rating of 93 within Band D. There is currently no Energy Performance Certificate for the remainder of the property however an EPC rating assessment has been requested. PLANNING We understand the premises have authorised use under Classes A1 & C1 of the Town & Country Planning (Use Classes) Order 1987. ANTI-MONEY LAUNDERING POLICY In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser(s).

01509 233433

3 Bank Court, Weldon Road, Loughborough, Leicestershire LE11 5RF Tel: 01509 233433 Website: www.matherjamie.co.uk

Contact: Alex Reid MRICS Travis White BSc (Hons)

Post Office Ground Floor Retail Area

66.89 sq m (720 sq ft)

Office 5.9 sq ft (64 sq ft)

Store 6.73 sq m (72 sq ft)

WC

Sorting Office Ground Floor Room 1

22.55 sq m (243 sq ft)

Room 2 4.99 sq m (54 sq ft)

First Floor Room 1

15.76 sq m (170 sq ft)

Room 2 6.64 sq m (71 sq ft)

Flat 1

Flat 2

Site Area 0.123 acres (approx)

7-8 Market Place, Shepshed, Leics, LE12 9RT

7-8 Market Place, Shepshed, Leics, LE12 9RT

7-8 Market Place, Shepshed, Leics, LE12 9RT

7-8 Market Place, Shepshed, Leics, LE12 9RT

7-8 Market Place, Shepshed, Leics, LE12 9RT

7-8 Market Place, Shepshed, Leics, LE12 9RT

IMPORTANT INFORMATION All statements contained in these particulars are provided in good faith and are believed to be correct. The accuracy is not guaranteed nor do they form part of any contract or warranty. Prospective purchasers should note the following: 1. All dimensions, distances and floor areas are approximate and are given for guidance purposes only. Potential purchasers should satisfy themselves as to the validity of the figures given 2. Information on tenure/tenancies and possession is provided in good faith. We recommend prospective purchasers have this information verified by their solicitors prior to completion of any purchase/letting 3. Information relating to Town & country planning matters and the availability of services has been obtained by verbal enquiry only from the appropriate Local Authority 4. Mather Jamie do not warrant that there are no connection charges in the availability of services to the property and furthermore prospective purchasers/tenants should obtain written confirmation prior to entering into contract for purchase or lease

from the relevant companies 5. We have not tested on services, central heating installations, plumbing installations or electrical installations and therefore the prospective purchaser/lessee should undertake independent investigations as to condition of all services and

mechanical/engineering installations