Summary - PORTFOLIAN HOUSE, 30, MELTON ROAD LE15 6AY
1 bed 1 bath Office
Town centre freehold with clear rental upside for investors.
Freehold multi‑let office building, circa 3,379 sq ft
Estimated rental ERV c. £60,000 per annum
Approximately 10 private car parking spaces to rear
Town‑centre location near railway station and amenities
EPC C (75); tenants pay business rates
Solid brick construction; likely no installed wall insulation
High local crime level — consider security measures
Small plot and no garden space; limited external amenity
This three‑storey red‑brick corner building in Oakham is offered as a freehold, multi‑let office investment with immediate letting and vacancy upside. Extending to approximately 3,379 sq ft over three floors, the property is presented as a serviced office hub with fitted suites, communal welfare facilities and meeting rooms ready for occupation.
The asset sits on Melton Road within walking distance of the railway station and the town centre, providing good local tenant demand and easy access to regional centres. There is private parking for about 10 cars to the rear, and the property is currently producing income with estimated rental ERV of circa £60,000 per annum, offering clear scope to increase returns as owner‑occupied suites are vacated.
Practical considerations are straightforward: the purchase is freehold, VAT is not applicable, and tenants are responsible for business rates. The building has an EPC rating of C (75). Some physical traits reflect its age — solid brick walls likely without modern insulation and classic sash windows — so further energy or fabric upgrades could be required to meet future standards.
Notable risks include a higher local crime statistic and very limited external plot/garden space. Any purchaser should factor in management of multi‑let tenancies, potential refurbishment costs to improve energy performance, and the transitional income profile as current owner‑occupied spaces come back to market. Funding is available subject to status.
3 bedroom terraced house for sale in Jubilee Court, Northgate, Oakham, LE15 — £235,000 • 3 bed • 2 bath • 898 ft²
Commercial property for sale in 8, 14 &14A Pillings Road Investment, Oakham LE15 6QF, LE15 — £700,000 • 1 bed • 1 bath • 8577 ft²
3 bedroom town house for sale in Jubilee Court, Northgate, Oakham, LE15 — £260,000 • 3 bed • 2 bath • 975 ft²
5 bedroom character property for sale in Northgate, Oakham, LE15 — £825,000 • 5 bed • 1 bath • 2854 ft²
2 bedroom terraced house for sale in New Street, Oakham, LE15 — £195,000 • 2 bed • 1 bath • 689 ft²
3 bedroom town house for sale in Penn Street, Oakham, LE15 — £249,995 • 3 bed • 2 bath • 1074 ft²
