This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

36-38 Sherrard St

6,797 SF 100% Leased Retail Building Melton Mowbray LE13 1XJ £1,250,000 (£184/SF) 7.97% Net Initial Yield

Investment Highlights

  • Fully let mixed use investment
  • Rental Income of £105,420
  • 3 x retail units and 8 x residential apartments

Executive Summary

A mixed use investment comprising a 3 x ground floor retail units and 8 x residential apartments.
The ground floor retail units are occupied by William Hill, Viet Nails 38 Ltd and C.B. George Ltd t/a Bargain Booze / Post Office. Each unit generally provides an open plan retail / sales area with w/c accommodation and staff facilities to the rear.
The first floor comprises a mix of 1 x studio apartment, 6 x 1bed apartments and 1 x 2bed apartment.
Externally, to the rear of the property, is a secure service yard.

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
6,797 SF
Year Built
1970
Price
£1,250,000
Price Per SF
£184
Net Initial Yield
7.97%
NOI
£99,625
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.35
Land Acres
0.12 AC
Frontage
72 ft on Sherrard Street

Amenities

  • Courtyard

Nearby Major Retailers

Morrisons
Loungers
Lloyds Bank
Caffe Nero
National Westminster Bank Plc
Costa Coffee
Iceland
Santander
Lidl
ALDI
  • Listing ID: 32131116

  • Date on Market: 14/06/2024

  • Last Updated:

  • Address: 36-38 Sherrard St, Melton Mowbray LE13 1XJ

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}