Rutland Point - Morcott

£ 1,400,000
Tenure
Freehold
Description
  • Immaculately presented income producing investment property in Rutland
  • Mixed use investment in excellent condition
  • Ground floor commercial space with residential apartments above
  • Combined annual income c £140,000 pax
  • Low capital value per sq ft
  • Prominent property, recently refurbished, facing A47 with dedicated parking 
 

The prominent 3 storey detached stone clad property has been comprehensively refurbished throughout and is full let.  The property has been reconfigured to include ground floor commercial units, along with 9 apartments and 2 self contained bedrooms.

COMMERCIAL ELEMENT

Recently refurbished ground floor cafe/bar and restaurant presented in immaculate condition, having been subject to comprehensive redecoration and upgrading throughout, with around 60 internal covers and in excess of 20 externally, with dedicated parking fronting the A47 into Rutland, with a significant level of passing traffic.

The bar and cafe area with lobby entrance benefits from concertina doors to the front opening up to a large front patio area. The trading area benefits from a well fitted and equipped commercial kitchen, as well as wash up and storage areas. Dedicated male, female and accessible WC's are provided, also recently refurbished.  The unit, which is south facing, provides plenty of natural light with wooden floorboards, high ceilings, bar servery and coffee station. 

Externally there are dedicated patios areas, directly to the front of the property, plus grassed trading areas and dedicated parking for over 30 spaces. 

RESIDENTIAL ELEMENT

The upper parts provide 8 self contained apartments and 2 bedrooms, available for shorter term letting.  Part of the ground floor has also been reconfigured to provide an additional apartment, making 9 in total.  All residential units are fully lets on AST's.  

Country
England
County
Rutland
Address
Glaston Road, Morcott, Rutland
Post Code
LE15 9DL
Reference Number
RF775187
  • 23 Views
We were unable to find the requested address (England, Rutland, Glaston Road, Morcott, Rutland, LE15 9DL) via Google street view due to Google street view doesn’t have data for this address.
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