Park Road, Melton Mowbray, Leicestershire

Retail Property (High Street) for sale in Leicestershire

Off the Beaten Path comprises a thriving coffee and sandwich bar with a large first floor two bedroom duplex apartment offering an exciting mixed commercial and residential opportunity. Situated within the heart of the bustling market town of Melton Mowbray, the property offers an immaculately maintained premises comprising a coffee bar serving hot food and sandwiches with attractive bright cafe area providing 30 covers internally and 12 externally. In addition are serving and preparation areas, large pantry store and two WC's. Above the cafe is a first floor two bedroom duplex apartment, with separate access, providing ideal living accommodation or a rental investment, currently let for £8,340 per annum. In all, an exciting opportunity for those wishing to continue an existing business with residential possibilities or to change the building into a new venture (subject to the necessary permissions). The property is being sold as a going concern and has an annual turnover of £215,555 with three part time employees and four Saturday/holiday staff only employees. The cafe is currently open during the day only, however there are no restrictions that we are aware of as to the opening hours and therefore believe they could be extended into the evening or for longer hours if so desired.

Accommodation The property is entered via a part glazed door into the coffee shop/sandwich bar.

Coffee Shop/Sandwich Bar32'5" x 16'9" (9.88m x 5.1m). Having a large glazed shop frontage, with a large glazed window to each side of the entrance door, there are two external electronically operated awnings above each window for shade in summer months. Within the cafe are four ceiling fans together with air conditioning units to both to customer seating areas and kitchen areas, exposed oak flooring and four radiators which runs off a recently replaced Worcester Bosch boiler.

Serving Area Fitted with a range of base units together with circular stainless steel sink and taps inset within a range of Corian style work surfacing with space for numerous under-counter fridges, a large cake fridge and integrated bins. Oak staircase leading up to:-

Top Kitchen/Preparation Area12'6" x 14'4" (3.8m x 4.37m). An extensive range of stainless steel fitted units, worktops and splashbacks to the walls. Two large stainless steel sinks and two further hand wash sinks, gas hob, built-in salad chiller, fridges, oven and a range of further appliances (Full list of fittings and appliances to be included in the sale annexed hereto). Recently fitted Worcester Bosch boiler, double glazed sky light, recessed spotlighting to ceiling and tiled floor. Door off into:-

Lobby Area Having doors into useful storage cupboard and pantry store, tiled flooring and doors off to two separate customer/staff toilets.

Toilets Both fitted with a white two piece suite comprising wall mounted wash hand basin and low flush WC, partial wall tiling, radiator, tiled flooring, extractor fan and wall mounted fitted cupboard.

Pantry/Store Having a range of fitted shelving, concealed spotlights, double glazed sky light, tiled flooring and side access to external passage.

Apartment (8a Park Road) A timber panelled gate provides access to a first floor apartment (the access is owned by Off the Beaten Path with Apartment 8a having a pedestrian right of way).

First Floor Hallway Having uPVC double glazed window to rear elevation, door into storage space, return staircase to a second floor bedroom. Doors off to:

Open Plan Living/Dining/Kitchen32'1" x 11' (9.78m x 3.35m).

Living Area Having double glazed window to front elevation, concealed spotlights to ceiling, radiator, telephone point and opening into:-

Dining Kitchen Fitted with a comprehensive range of contemporary high gloss white base and wall mounted units, to include a large central island with space for stools beneath. Integrated appliances to include Samsung four ring halogen hob with extractor fan over, fan assisted oven, Beko fridge and freezer. Complementary tiling to the walls, spotlights to the ceiling, two radiators, double glazed window to the front elevation together with uPVC double glazed window to rear.

Bedroom10'9" x 10'8" (3.28m x 3.25m). A large double bedroom accessed via an oak door from the sitting room area with uPVC double glazed window to rear elevation, spotlights to the ceiling and radiator.

Shower Room10'8" x 5'11" (3.25m x 1.8m). Fitted with a white three piece suite comprising fully tiled twin shower cubicle with drench shower head, wall mounted wash hand basin and low flush WC. Full height tiling to all walls, chrome ladder style heated towel rail, high gloss unit housing the gas combination boiler, exposed oak flooring and uPVC double glazed window to rear elevation.

Second Floor Approached by a feature contemporary staircase from the first floor landing.

Bedroom One9'9" x 19'7" (2.97m x 5.97m). Accessed directly from the staircase, there is a double glazed skylight, radiator, spotlights to the ceiling, smoke alarm and door into insulated roof space.

Services We understand that the property has the benefit of connection to services including gas, electricity and water. The property has a rateable value of £8,340 per annum, however the current business has the benefit of a small business rate relief.

General Information The quoted Guide Price of £365,000 is for the Freehold interest in the building to include the ground floor cafe and first and second floor duplex apartment, the goodwill of the business and fixtures and fittings throughout the cafe. An inventory of the fixtures and fittings and equipment can be made available upon request.

The annual turnover of the business in 2022-23 was £215,555 with an additional £8,340 per annum from the apartment rental which is let on an AST.

Current hours of business are Monday – Thursday 8.30am – 3pm and Saturday 8.30am - 3pm.

The business currently employs three part time employees and four Saturday/holiday staff only employees.

Stock is in addition to the asking price and is usually in the region of £2,500.

Agents Note Three years accounts are available on request.

Extra Information To check Internet and Mobile Availability please use the following link:
https://checker.ofcom.org.uk/en-gb/broadband-coverage
To check Flood Risk please use the following link:
https://check-long-term-flood-risk.service.gov.uk/postcode

Important information

This is a Freehold property.

Property Ref: 55639_BNT221147

Similar Properties

Meadow Vale Court, Old Dalby, Melton Mowbray

2 Bedroom Detached Bungalow | Guide Price £350,000

A brand new individually styled two bedroomed detached bungalow built by Woodgate Homes located in this superb position...

Castell Drive, Groby, Leicester

3 Bedroom Detached House | Offers Over £350,000

A deceptively spacious detached family home sitting on a large plot extending to 0.13 acres offering further scope for e...

Thorpe End, Melton Mowbray, Leicestershire

House | Offers Over £350,000

Located prominently in the town centre of Melton Mowbray is this substantial building offering around 6,000 sqft of acco...

Kingsway Close, Old Dalby, Melton Mowbray

4 Bedroom Detached House | £359,000

This all but brand new home is less than one year old and benefits from a fantastic location abutting open countryside a...

Severn Hill, Melton Mowbray, Leicestershire

4 Bedroom Detached House | Guide Price £365,000

A most deceptive four bedroomed detached residence with potential annex to the rear of the garage.

Fowke Street, Rothley, Leicester

2 Bedroom Apartment | Offers in excess of £375,000

A most impressive ground floor apartment converted from the original Georgian house, retaining many original character f...

More from Bentons