Freehold Investment, Trading Business: Price: Asking Price Of £295,000 For Sale

A1 - High Street, A1 - Other, Commercial

  • Freehold Investment, Trading Business
  • Freehold Investment, Trading Business
  • Freehold Investment, Trading Business
  • Freehold Investment, Trading Business
  • Freehold Investment, Trading Business
  • Freehold Investment, Trading Business
  • Freehold Investment, Trading Business
  • Freehold Investment, Trading Business
  • Freehold Investment, Trading Business
  • Freehold Investment, Trading Business
  • Freehold Investment, Trading Business

Full Details:

Freehold business opportunity. This family run business has operated for over 35 years from this location. The shop trades from approximately 1450 Sq Ft plus ancillary storage and rear yard (with potential for extension or other development). Located on the West side of Oakham just off the main road to and from Leicester. With a range of convenience, liquor, lotto, and pay point services available.
2 first floor self contained flats each with 2 bedrooms are available by separate negotiation on the first floor.

Situated on the outskirts of Oakham, to the West of the town centre. Churchill Road is located just off Braunston Road, the main route towards Leicester. Oakham is a popular Market town and boasts to be the County capital of Rutland, the smallest County in the UK. Rutland is home to Rutland Water, popular for locals and tourists for cycling, fishing, bird watching and walking. Well positioned in the Midlands close to the A1 at Greetham/Stretton with good access to other popular market towns, Stamford, Melton, Grantham and Uppingham all within 15 miles and cities to include Peterborough and Leicester within 20 miles away. Motorway access is circa 20 miles West at Junction 21a via the A46 from Melton Mowbray.

A brick built 2 storey property with flat roofs and enclosed rear yard area. With the ground floor trading areas and store rooms with delivery access occupying the whole of the ground floor parts, with each of the self contained flats on the first floor having separate access.

The ground floor trading areas measure approximately 132.8 SQ metres (1429 square feet) plus store room to the rear. The shop has a range of fixed shelving with 3 isles, fitted fridges and freezers with single counter till, wines and spirits section and enclosed Tobacco dispensary.
The first floor offers 2 self contained 2 bedroom flats with kitchen, lounge/dining room and bathroom. (these are not included with the sale of the business however would be sold by separate negotiation).
The rear yard covers a larger footprint than the building itself and may offer development potential subject to planning permission.

The property is located within walking distance of a primary and secondary school, Catmose primary and Catmose College with Harrington college attached offering 6th form education. The railway station is a 15 minute walk away with the main town centre being just a little further.

All mains services are connected to the property, including gas, electricity and drainage. These services have not been tested by the agent.

Offered for sale freehold our clients would consider a leasehold offer for the business only with an option to buy the freehold but their preferred option would be a freehold disposal.

According to the valuation office agency the current rateable value for the business element of the property is £10,000 per annum. The flats would attract council tax in the usual way. Further enquires for commercial and residential rates should be directed to Rutland County Council.

Vat will not apply to the purchase price.

Each party is to be responsible for their own legal costs.

Not applicable

Ample off road parking for around 8 cars is available in the yard area to the rear of the property. On road customer parking to the front of the property is available for around 15 cars.

Planning permission and licenses are in place for the appropriate current use.

Finance may be available through Independent Financial Brokers and Moores Commercial would be please to make an introduction for you. The Brokers are completely Independent of Moores Commercial and will offer confidential, unbiased advice regulated by the Financial Authorities. Please ask for further details.

Viewing is strictly by prior appointment via the sole agents Moores Commercial Tel: 01664 431330 or via email