Commercial Property in Melton Mowbray

1 Norman Way, Melton Mowbray, Leicestershire LE13 1JE
  • Property Type: Commercial Property
  • Contract Type: Unconditional with Variable Fee

Guide Price* £400,000+ plus fees

Property Description

A substantial commercial property situated in a prominent position within Melton Mowbray Town Centre. The property offer 6258 sqft with accommodation over two floors. The property offers retail, office, warehouse/workshop and ancillary space on ground floor level with further office, retail, ancillary, kitchen and male and female WCs on first floor level. There is generous outside hard standing with perimeter walls and a vehicle entrance suitable for approximately 30+ vehicles. Standing on a corner plot with excellent road frontage on the corner of Norman Way and Scalford Road. Local developments at the Stockyard area in Melton Mowbray will increase footfall around the Norman Way site, with a potential 10 million investment into the site. Potential for residential conversion/development to the first floors, subject to planning. The property benefits from gas, electricity, mains water and mains drainage and sewerage connected. Double glazed windows are present throughout with the majority benefitting from roller security shutter systems, including the main customer entrance doorway. Offered Freehold with Vacant Possession.

Ground Floor

The property offers retail, office, warehouse/workshop and ancillary space to the ground floor.


First Floor

Office, retail, ancillary, kitchen and male and female WC's on first floor level.


Outside

Extensive outside space with parking for 30+ vehicles.


Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 27th February 2025

Venue National Property Auction
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

1 Norman Way, Melton Mowbray, Leicestershire LE13 1JE