George Street, Hinckley, Leicestershire, LE10

Location:
The subject property is situated on the corner of George Street and The Horsefair in Hinckley town centre. George Street connects Regent Street to Lancaster Road and is the location of the town's main taxi rank. There is on street car parking to the front of the property.

Hinckley is a market town with a population in the order of 55,000 (Local Authority 112,000) lying approximately 13 miles to the south west of Leicester. The town enjoys good motorway communications with junction 1 of the M69, being located on the south eastern fringe of the conurbation approximately 2 miles from the town centre. Hinckley railway station offers regular commuter services to Birmingham New Street and Leicester and is circa 0.5 miles from the subject property.

Description:
The property comprises detached commercial premises on George Street in Hinckley town centre. Historically the property has been used as a restaurant premises but has most recently been occupied as a cheerleading studio.

Internally, the accommodation comprises an open plan hall area, with separate office to the front elevation, kitchen area and male and female WC facilities.

Externally, there is a small yard area to the rear.

Services:
We understand all mains services are connected to the subject property. Heating is by way of gas fired central heating serving panel radiators.

Business Rates:
As a result of internet enquiry only, we understand that the Rateable Value for the subject property appearing in the Rating List of the Hinckley & Bosworth Borough Council is:

Rateable Value: £11,000

THIS IS NOT THE AMOUNT PAYABLE

Tenure:
The Freehold interest in the subject property is available, subject to the occupational agreement in place or subject to vacant possession, at an asking price of £250,000.

The property is currently leased to TKT Cheer Community Interest Company with two personal guarantors who are holding over following an initial lease for a period of 3 years from 12 July 2021 at a current rent of £14,000 pax. The repairing liability is full repairing and insuring, save for the tenant is not responsible for the replacement of the roof.

Legal Costs:
Each party to bear their own legal costs.