Warning - This property listing has now expired.

Any changes made to the content of this listing WILL NOT BE SAVED. However, you can still change the property status (i.e. available/sold/let etc).

To renew this property or for further assistance please call 01767 313380 or email renewals@novaloca.com.

Mileburne House 2, Blanch Croft, Melbourne, Derby, DE73 8GG

958 Sq Ft / Land

For Sale - £300,000.00

Available - Last updated: 01 August 2022

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.



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.



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.



VAT



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



EPC



Retail - B(49)
Flat - E(45)



Accommodation



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



Tenure Comments



The property is available freehold subject to a 5 year, IRI lease (from June 2019) of the ground floor to Valentine and 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.



Brochure Header



Mixed use investment



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.
( Agency Pilot Software ref: 164 )

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £300,000.00 NA

Email me updates about similar new properties


Show similar properties

Contact agents

Chris Wright

Omeeto

01332 916235



Thank you for your enquiry

The agent for this property will get back to you as soon as possible.

Would you like to view similar properties now?

Many thanks, your enquiry has been sent to the agent

In response to the boxes you ticked, we'd like to send you emails about new & updated properties based on the following (please amend as required):


Please note, NovaLoca will only contact you about commercial property & you can unsubscribe at any time. Your information will not be given to third parties without your permission. For more information please refer to our privacy policy.