A well-known former pub in the centre of Melton is going up for auction and is widely expected to be redeveloped to make way for businesses and flats. The King’s Head, in Nottingham Street, will be auctioned by Kal Sangra Shonki Brothers in February next year.
The pub was originally due to be sold this month, but the sale has been delayed to wait for an agreement which would allow its owner to convert it into two retail or leisure units and 30 homes. The King’s Head will be available on a freehold basis for £875,000.
The town centre venue has been closed for a number of years. The last update on its Facebook page was four years ago, in November 2018.
According to the agent’s description, the property is a large part three-storey and part two-storey former public house and hotel totalling approximately 19,754sq ft on a site area of 0.21 acres, (852 sqm). Planning permission is imminent for two retail or leisure units and 30 apartments.
The redevelopment would involve the demolition of some of the site, which could accommodate three duplex apartments, seven studio apartments and 20 one-bedroom apartments. The agent says that parking spaces may be available in the adjoining car park by separate negotiation. There is also potential for two on-site car parking spaces.
The property is due to be auctioned on February 15, 2023. Further details can be found on the Kal Sangra Shonki Brothers website.