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2 bedroom retail property (high street) for sale

1-7 King Street, Hinckley, LE10 1QT

Offers in Region of £155,000

Property Description

Key features

  • Commercial Property
  • Located in Hinckley, Leicestershire
  • Within yards of Hinckley Town Centre
  • Two double fronted retail units
  • Two flats above
  • Estimated rental income: 19,800 p.a (11% Yield) when fully let

Full description

Tenure: Freehold

Location
The properties are situated within walking distance of Hinckley Town Centre close to the new proposed college campus. The properties are located approximately 12 miles from Leicester in southwest Leicestershire. The property provides excellent transport communications to the M6 & M69 Motorway networks. Hinckley has a population of approximately 43,000 residents.

Accommodation
1-3 King Street -
Ground Floor: sales area with store, lobby, further store room and WC 536 sq ft (49.79 sq m) approx.

First Floor: landing, lounge, kitchen, two bedrooms, bathroom

5-7 King Street:
Ground Floor: sales area, lobby, kitchenette, separate WC, lobby, further kitchenette with staircase off 487 sq ft (45.24 sq m) approx.

First Floor: landing, two bedrooms, living, bathroom

Outside:
To the side of the property is a parking space for one vehicle. There is also a right of way via Brookes Yard to the flats should they be individually Let.

Rent Achievable
Shop 1-3 King Street 400 p.c.m - 4,800 per annum

Shop 5-7 King Street - 350 p.c.m - 4,200 per annum

Two self-contained flats - 900 p.c.m - 10,800 per annum

Estimated full rental income = 19,800 per annum (11% Yield)

Tenure
Freehold with vacant possession upon completion.

Price
155,000
(PREVIOUSLY MARKETED AT 234,500)

The Property Misdescription Act 1991
These sales particulars have been written to conform to the Property Misdescription Act 1991. Whilst we endeavour to make our sales accurate and reliable, if there is any point which is of particular importance to you then please contact the office and we will be pleased to check the information for you.

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To view this property or request more details, contact:

Shonki Brothers, Leicester

95 Narborough Road, Leicester, LE3 0PA

0116 452 0117 Local call rate

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