£550,000
Property for sale21 High Street, Oakham LE15
Just added
Freehold
About this property
Freehold Investment For Sale
Oakham Town Centre
Part investment part development scheme
Guide price - £550,000
Projected income - £55k per annum
Ground floor commercial Let £35k per annum
Opportunity to add value
Freehold Part investment with part development
Erv - £55k per annum - Guide price £550k no VAT
Oakham Town Centre
Tenure - Freehold
Price - £550,000
VAT - Not Applicable on the purchase price
EPC - D (79)
Legal fees - Each party to bear their own costs
Business rates - For the whole property £27,750
Finance - Available subject to status
21 High Street is located in the heart of Oakham Town Centre and offers a great opportunity for retailers /investors due to the property's location.
The ground unit is accessed through dual automatic sliding doors which lead into the predominantly open planned unit. The ground floor accommodation is let to the Healthy Hearing from June 2026 on a new 10 year lease term with a 5 year break clause in place, The shop to the rear offers storage, welfare facilities and a kitchenette area.
Location
Oakham is a popular Market town and the County capital of Rutland, the smallest County in the UK. Well positioned in the Midlands close to the A1 at Greetham/Stretton with good access to
other popular market towns, Stamford, Melton, Grantham and Uppingham all within 15 miles, and cities to include Peterborough and Leicester within 20 miles away. Motorway access is circa 20
miles West at Junction 21a, via the A46 from Melton Mowbray.
Accommodation
The ground floor is let and Circa 1800 sq. Ft
The current planning application is in for the following scheme:- 1 x Studio one bedroom studio and 1 x one bedroom flat. Plans available on request.
Terms
Offered for sale Freehold - part investment and part development site. Guide price £550,000 no VAT.
The ground floor is let to Healthy Hearing on a 10 year lease from June 2026 with a 5 year break clause.
The 1st floor is vacant and in for planning for 2 x 1 bed apartments. Plans available upon request.
Erv - £55k per annum - Guide price £550k no VAT
Oakham Town Centre
Tenure - Freehold
Price - £550,000
VAT - Not Applicable on the purchase price
EPC - D (79)
Legal fees - Each party to bear their own costs
Business rates - For the whole property £27,750
Finance - Available subject to status
21 High Street is located in the heart of Oakham Town Centre and offers a great opportunity for retailers /investors due to the property's location.
The ground unit is accessed through dual automatic sliding doors which lead into the predominantly open planned unit. The ground floor accommodation is let to the Healthy Hearing from June 2026 on a new 10 year lease term with a 5 year break clause in place, The shop to the rear offers storage, welfare facilities and a kitchenette area.
Location
Oakham is a popular Market town and the County capital of Rutland, the smallest County in the UK. Well positioned in the Midlands close to the A1 at Greetham/Stretton with good access to
other popular market towns, Stamford, Melton, Grantham and Uppingham all within 15 miles, and cities to include Peterborough and Leicester within 20 miles away. Motorway access is circa 20
miles West at Junction 21a, via the A46 from Melton Mowbray.
Accommodation
The ground floor is let and Circa 1800 sq. Ft
The current planning application is in for the following scheme:- 1 x Studio one bedroom studio and 1 x one bedroom flat. Plans available on request.
Terms
Offered for sale Freehold - part investment and part development site. Guide price £550,000 no VAT.
The ground floor is let to Healthy Hearing on a 10 year lease from June 2026 with a 5 year break clause.
The 1st floor is vacant and in for planning for 2 x 1 bed apartments. Plans available upon request.
Mortgage calculator
Monthly repayment
£2,751 per month
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