For Sale - Mixed use investment

Mileburne House 2, Blanch CroftMelbourne, Derby, DE73 8GG

£300,000 offers in excess of

958 Sq Ft (89.0 Sq M)

Key Features - Under Offer

  • Sale: £300,000 offers in excess of
  • 958 Sq Ft (89.0 Sq M)

  • Ground floor Class E Unit producing £8,250 p.a.
  • Upper floor holiday let producing £10,500 p.a.
  • Combined 2023 rental projected to be £20,850 p.a.
  • Highly regarded and sought after village
  • Corner position, with parking
  • Residential conversion potential STP

Location

Melbourne is an affluent and highly desirable Derbyshire village situated 8 miles to the south of Derby and 10 miles west of Burton Upon Trent. The investment for sale is located in the Melbourne Conservation Area and enjoys a corner position at Blanch Croft and Derby Road. An excellent array of niche boutique shops , bars, and restaurants are close by.

Description

Recently refurbished. Superbly presented mixed use investment in village centre, with parking. Exclusive, self-contained cocktail bar on ground floor with separately accessed, two bed holiday let over the upper floors. The cocktail bar provides a dining/seating area with c 25 covers, a kitchen/preparation area along with customer WC's. This premises is operated under a personal license and is open for weekend trade only with last orders at 11pm. The upper floors are accessed via a separate entrance to the rear and provide a modern fitted kitchen, living room, bedroom and bathroom on the first floor with master bedroom on the second. The property has recently been refurbished and is finished to a high standard with a charm of period and contemporary features. Externally there is a single parking space to the rear with ample street parking close by.

Accommodation

The accommodation has been measured on a Net Internal Area (NIA), measured in accordance with the RICS Code of Measuring Practice.

Floor Sq Ft Sq M
Ground floor 337 31
First floor 425 39
Second floor 196 - 192 18 - 18
Total95489

Planning

The property has been used under Classes E (Commercial, Business and Service) and C3 (Residential) of the Town and Country Planning (Use Classes) Order 1987 (as amended). The property is GII listed under Ref ID: 1334621 and is understood to have been constructed by Valentine Radford and William Warren in 1810.

Services

We are advised there are single supplies with the shop being sub metered for electricity, water rates being split 50/50 and gas only to the upper floors.

Rating

The ground floor of the property is currently listed as a restaurant and premises on VOA.gov.uk with an RV of £5,800. There is a separate assessment for the upper floors which are rated as a self catering holiday unit and premises with an RV of £1,300. Please check the valuation office website for any rates incentives. Subject to status the individual elements may qualify for 100% rates relief.

Tenure

Freehold

The property is available freehold subject to a 5 year, IRI lease (from June 2019) of the ground floor to Valentine & Wills (CRN: 12030974). The current passing rent is £8,250 with a stepped increase to £8,850 in June 2023. The upper parts is operated on short term lets via Air BnB. The reported 2021 - 2022 revenue was £10,500 and the projected revenue for the current year (based on advanced bookings) is £12,000.

Price

Sale: £300,000 offers in excess of

VAT

All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.

EPC

XX

Viewing

Please check our website for a virtual tour. Physical viewings with proceedable parties can be arranged on request by contacting our commercial property agents. OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.

Anti-Money Laundering (AML)

Any offer accepted is subject to completing AML checks.

Paper Copying Licence

100062569

Note

Plans, maps and drawings are not to scale.

Particulars Updated

27-May-2022

Omeeto

Please check our website for a suite of photos, videos and virtual tour. Users can also access our data room for various property documents.

investment for sale With parking

Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Map data ©OpenStreetMap contributors.


Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Map data ©OpenStreetMap contributors.

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