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Retail/Shop

Retail/Shop For Sale Hinckley

PROPERTY ID: 139339

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

18,761 sq.ft

Key Features

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.

Property Details

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.

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.

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About the Agent

Creative Retail Ltd

See Agent's Other Properties

Retail Unit

£1,700,000 Freehold

1-9D Castle Street, Hinckley, LE10 1DA
Retail/Shop - Available
18,761 sq ft
1,743 sqm
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