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1-9D Castle Street, Hinckley, Leicestershire, LE10 1DA

Guide Price
£1,700,000

£90.61 per sq ft

Business rates & charges may apply

Creative Retail, Birmingham
SIZE AVAILABLE

18,761 sq ft

1,743 sq m

SECTOR

High street retail property for sale

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.

Description

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.

Brochures

1-9D Castle Street, Hinckley, Leicestershire, LE10 1DA

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hinckley Station0.5 miles
  • Nuneaton Station4.1 miles
  • Bedworth Station6.0 miles

About Creative Retail, Birmingham

51 Regent Parade, Birmingham, B1 3NS

Commercial Retail Property Consultants

Creative Retail are a Birmingham-based retail and leisure property practice.

We specialise in the Midlands Retail & Leisure property markets ? including High Streets, Shopping Centres, Leisure Schemes and Out of Town Retail Warehousing.

Passionate about Retail and Leisure; we provide a modern, professional, and dynamic service to our clients.

Commercial Property Agency

We pride ourselves on offering clients specific, accurate and targeted advice in a constantly evolving industry and market.

Our agency services include:

. Lettings

. Acquisitions & Disposals

. Development & Site Finding

. Investment strategy

. Asset Management

Commercial Property Development In what is becoming an increasingly competitive sector, Creative Retail are able to offer guidance on all stages of the retail development process from initial appraisals and site sourcing through to pre-let tenancy agreements and exit strategy.

We work closely with private sector developers and investors and our in-depth knowledge of retailer requirements combined with our considerable experience with property transactions means that we are able to offer our clients an unparalleled service and a 360º appreciation of the workings behind the development process.

Commercial Property Investments

Detailed and up-to-the-minute knowledge has never been more important when formulating investment strategies for Retail and Leisure Property. The pace of change in the sector is ever increasing and strategies that worked just months ago may need adapting to extract best value and maintain exposure to risk.

When advising our clients on their investments, we report on a broad range of factors beyond the fundamentals of covenant, lease terms and physicality of asset. These include:

. Occupiers changing requirements and business models

. Tenants trading strength

. Existing competition and proposed new occupiers and schemes in the locality

. Inward investment into specific areas from regional funding, private equity and government initiative.

We achieve this by leveraging the connections and relationships we have formed working exclusively in the retail and leisure sector.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 334FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Creative Retail, Birmingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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