Sidney Phillips is proud to announce the sale of Melton Wellness House, a substantial three-storey Grade II Listed manor house situated in the centre of the Leicestershire market town of Melton Mowbray.
The Melton Wellness House is situated within a conservation area, dating back to the 1870’s it is steeped in history with the property welcoming guests that have included Edward VII Prince of Wales, and internationally renowned conductor and composer, Sir Malcolm Sargent who lived at the property between 1914 and 1924.
The building benefits from a plethora of original features including sliding sash windows, Minton tiles and original Georgian staircase and enjoys a prominent location on the corner of Burton Street and Mill Street close to the centre of town with high level of passing traffic and footfall. Currently used as an established heath and wellness centre, the property boasts five therapy rooms, a café and a rear trade patio.
The premises is let to a multitude of businesses which include a cafe, yoga practice, culinary classes, holistic treatments, massage therapies, make-up artists, hypnotherapists, counsellor and a chiropractor, which in turn generates a rental income of £45,000 per annum. The multitude of businesses occupying the property are not affected by the sale.
Eastern Counties, Regional Valuations Manager Zaine Lamont comments “I’m extremely pleased to finalise the sale of the Melton Wellness House. Investment sales with a circa. 10% yield are extremely popular in today’s market and with the lack of opportunities currently available, they continue to attract a substantial amount of interest”.
The freehold interest of Melton Wellness House has been sold off an asking price of £440,000.
For further information about property for sale or how to buy a business, please contact Sidney Phillips on 01981 250333 or please take a look at our Buyer’s Guide.
(September 2021)