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47 High Street, Oakham LE15 6AJ Mixed use for sale
47 High Street, Oakham LE15 6AJ
£650,000
47 High Street, Oakham LE15 6AJ
£650,000
Our Summary
- We believe the property would suit a variety of uses, subject to planning
Description
This mixed-use property located on Oakham High Street is available for sale at £650,000 without VAT. The property consists of a double-fronted retail unit with an enclosed yard, as well as two self-contained flats above and at the rear. The retail unit is currently let to Carpet World until November 2025, with a notice to not renew received and the space expected to be vacant from December 2025. The two flats are let on assured shorthold tenancies, generating a total annual income of £17,400. The property has a rateable value of £22,500 for the retail space and benefits from off-road parking on a private pavement area. Oakham is a popular market town in Rutland, situated in the Midlands with good access to surrounding towns and cities. The property's current planning use is Class E, with C3 residential use, and it is believed to be suitable for a variety of uses subject to planning permission.