3 Lower Church Street, Ashby-de-La-Zouch, Leicestershire, LE65 1AB
Guide Price
£150,000
£165.56 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
906 sq ft
84 sq m
- SECTOR
High street retail property for sale
Key features
- Retail premises for sale
- Prime trading position in the Town Centre
- Investment Opportunity
- Excellent transport links
Description
An exciting opportunity to purchase a freehold retail space extending to 906 sq ft situated in the centre of the market town of Ashby de la Zouch benefitting from an excellent central location and prime trading position.
Location
The property is situated on Lower Church Street, Ashby de la Zouch with frontage onto Market Street providing excellent footfall.
The property is situated approximately 1 mile from Junction 13 of the M42 which provides access to the wider midlands motorway network including Junction 23A of the M1 23A (9.1 miles) and Junction 4A of the M6 (21.7 miles).
Price
The Guide Price will be £150,000 for the freehold interest.
Description
An exciting opportunity to purchase a freehold retail space extending to 906 sqft situated in the centre of the market town of Ashby de la Zouch benefitting from an excellent central location.
The property comprises a ground floor retail area which includes a commercial kitchen and toilet facilities along with a small yard to the rear. The ground floor premises has previously been used as a cafe and retail space but would also have potential for alternative uses subject to obtaining any necessary planning consents.
The property benefits from road frontage to two sides with two large shop windows facing both Market Street and Lower Church Street allowing great exposure to passing trade.
On the first and second floor, there are two flats which are subject to 999 year long leasehold agreements. Further information is provided below.
Tenure Comments
The freehold interest in respect of the whole property is being offered for sale.
In respect of the flats situated on the first and second floor these are subject to long lease agreements summarised as follows:
Flat 3A Lower Church Street - A 999 year lease agreement which commenced on 1st January 2019. An annual peppercorn rent of £1 is paid to the freeholder.
Flat 3B Lower Church Street - A 999 year lease agreement which commenced on 1st January 2019. An annual peppercorn rent of £1 is paid to the freeholder.
The property is further subject to a 25-year underlease in favour of the Sellers pension fund granted on 2nd May 2012 in relation to the ground floor. Upon the sale of the property to a third party, the underlease to the pension fund will be redeemed so that the ground floor shop will be sold unencumbered and with vacant possession.
Further information is available upon request.
Utilities
We are advised that the property is connected to mains electricity, water, gas and sewage.
None of the services have been tested and purchasers should note that it is their specific responsibility to make their own enquiries of the appropriate authorities as to the location, adequacy and availability of mains water, electricity, gas and drainage services.
EPC
The current EPC for the property is C (56).
Planning
We understand that the property has planning under use Class E. Interested parties are advised to make further enquiries with North West Leicestershire District Council.
The property sits within the Conservation Area for Ashby de la Zouch.
The current rateable value for the property is £9,900.
For further information regarding business rates please contact North West Leicestershire District Council.
Viewings
Accompanied viewings only, strictly by appointment with Howkins & Harrison please call Lily Taylor at our Ashby Office.
Retail premises for sale
Prime trading position in the Town Centre
Investment Opportunity
Excellent transport links
Location
The property is situated on Lower Church Street, Ashby de la Zouch with frontage onto Market Street providing excellent footfall.
The property is situated approximately 1 mile from Junction 13 of the M42 which provides access to the wider midlands motorway network including Junction 23A of the M1 23A (9.1 miles) and Junction 4A of the M6 (21.7 miles).
Price
The Guide Price will be £150,000 for the freehold interest.
Description
An exciting opportunity to purchase a freehold retail space extending to 906 sqft situated in the centre of the market town of Ashby de la Zouch benefitting from an excellent central location.
The property comprises a ground floor retail area which includes a commercial kitchen and toilet facilities along with a small yard to the rear. The ground floor premises has previously been used as a cafe and retail space but would also have potential for alternative uses subject to obtaining any necessary planning consents.
The property benefits from road frontage to two sides with two large shop windows facing both Market Street and Lower Church Street allowing great exposure to passing trade.
On the first and second floor, there are two flats which are subject to 999 year long leasehold agreements. Further information is provided below.
Tenure Comments
The freehold interest in respect of the whole property is being offered for sale.
In respect of the flats situated on the first and second floor these are subject to long lease agreements summarised as follows:
Flat 3A Lower Church Street - A 999 year lease agreement which commenced on 1st January 2019. An annual peppercorn rent of £1 is paid to the freeholder.
Flat 3B Lower Church Street - A 999 year lease agreement which commenced on 1st January 2019. An annual peppercorn rent of £1 is paid to the freeholder.
The property is further subject to a 25-year underlease in favour of the Sellers pension fund granted on 2nd May 2012 in relation to the ground floor. Upon the sale of the property to a third party, the underlease to the pension fund will be redeemed so that the ground floor shop will be sold unencumbered and with vacant possession.
Further information is available upon request.
Utilities
We are advised that the property is connected to mains electricity, water, gas and sewage.
None of the services have been tested and purchasers should note that it is their specific responsibility to make their own enquiries of the appropriate authorities as to the location, adequacy and availability of mains water, electricity, gas and drainage services.
EPC
The current EPC for the property is C (56).
Planning
We understand that the property has planning under use Class E. Interested parties are advised to make further enquiries with North West Leicestershire District Council.
The property sits within the Conservation Area for Ashby de la Zouch.
The current rateable value for the property is £9,900.
For further information regarding business rates please contact North West Leicestershire District Council.
Viewings
Accompanied viewings only, strictly by appointment with Howkins & Harrison please call Lily Taylor at our Ashby Office.
Retail premises for sale
Prime trading position in the Town Centre
Investment Opportunity
Excellent transport links
Brochures
3 Lower Church Street, Ashby-de-La-Zouch, Leicestershire, LE65 1AB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Burton-on-Trent Station8.3 miles
About Howkins & Harrison, Commercial
The Old Cottage Hospital, Leicester Road, Ashby-De-La-Zouch, LE65 1DBNotes
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