Property photos
Freehold
Guide price
£1,700,000
(£90.61/sq. ft)
Retail premises for sale
1-9D Castle Street, Hinckley, Leicestershire LE1018,761 sq. ft
Local area information
Property location
Nearby amenities
- St Mary's Church of England Primary School, Hinckley 0.2 miles
- Saint Peter's Catholic Primary School, A Voluntary Academy 0.3 miles
- Hinckley (Leics) 0.5 miles
- Nuneaton 4.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Hinckley to find out more about the local area.
Features and description
- Freehold
- High-Yielding Retail Income
- Located in the centre of Hinckley (the second largest town in Leicestershire).
- Pedestrianised central shopping area with other major retailers nearby.
Location
Located in the prime retail pitch of the pedestrianised area of Castle Street in Hinckley town centre. Nearby occupiers include Subway, Boots Optician, Santander, Clarks, Dorothy Perkins, Vodafone and Vision Express. Hinckley market has been at the heart of the town for over 700 years. First recorded in the year 1311, the award-winning market is one of the best in the country. Markets held each week on Monday, Friday and Saturday.
Description
The property comprises a highly prominent ground floor retail premises, together with ancillary accommodation to the rear and above. Offices above are let on a combination of iri Leases and Ground Leases. To the rear is a surfaced yard which is accessed off Church Walk and provides loading and parking.
Tenure Comments
We are seeking £1.7m, exclusive, for the freehold which quates to a net initial yield of 9.63% after deducting purchasers costs of 6.8%.
EPC
Available on request. No EPC's are below an E rating.
Service Charge Information
There is a service charge arrangement in place. The Landlord will insure the premises the premiums to be recovered from the tenant.
Planning
We understand the ground floor units benefits from E Class planning use. Interested parties are advised to make their own enquiries. We are not aware of any material breaches.
VAT
VAT is applicable.
Legal Costs
Each party will be responsible for covering their own legal costs incurred in the transaction.
Located in the prime retail pitch of the pedestrianised area of Castle Street in Hinckley town centre. Nearby occupiers include Subway, Boots Optician, Santander, Clarks, Dorothy Perkins, Vodafone and Vision Express. Hinckley market has been at the heart of the town for over 700 years. First recorded in the year 1311, the award-winning market is one of the best in the country. Markets held each week on Monday, Friday and Saturday.
Description
The property comprises a highly prominent ground floor retail premises, together with ancillary accommodation to the rear and above. Offices above are let on a combination of iri Leases and Ground Leases. To the rear is a surfaced yard which is accessed off Church Walk and provides loading and parking.
Tenure Comments
We are seeking £1.7m, exclusive, for the freehold which quates to a net initial yield of 9.63% after deducting purchasers costs of 6.8%.
EPC
Available on request. No EPC's are below an E rating.
Service Charge Information
There is a service charge arrangement in place. The Landlord will insure the premises the premiums to be recovered from the tenant.
Planning
We understand the ground floor units benefits from E Class planning use. Interested parties are advised to make their own enquiries. We are not aware of any material breaches.
VAT
VAT is applicable.
Legal Costs
Each party will be responsible for covering their own legal costs incurred in the transaction.
More information
Listed by
Creative Retail Property Consultants
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