Castle Street, Hinckley, Leicestershire
Size
1,574
Tenure
Leasehold
EPC
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Parking
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- Primary use
- High street retail
- Frontage
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No floor / site plan
Key features
- New 999 year leasehold blue chip retail investment
- Double fronted retail unit
- 10 year lease from 16th May 2025 (TBO in year 5 with 6 month rent penalty)
- Tenant currently paying £30,000 per annum exclusive
- Upward only open market rent review at the 5th year
- Total size of 1574 sq ft
Description
- Double frontage unit situated on the ground floor
- Total size of 1574 sq ft
- Greggs have closed their other unit on Castle Street and in the shopping centre to focus on 3-5 Castle Street
- Let to Greggs plc on a FR&I lease for a term of 10-years from 16th May 2025
- The current tenant pays £30,000 p.a
- Tenant only break clause at the 5th year of the lease subject to break penalty of £15,000 (6 months' rent)
- Upward only open market rent review in the 5 year of the lease.
- Gregg’s plc reported revenue of £1.809b, Pre-Tax profits of £167.7m and net profits £530m (source: Companies House)
- Service charge
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- Business rates
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- Use class
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- Listed building
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- Tenure
- Leasehold
- Length of lease
- 999 years left
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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Castle Street, Hinckley, Leicestershire
About PRIDEVIEW AGENCY LLP, Middlesex
The Prideview Group is one of the leading consultancies in the UK commercial property investment market, having been established in 1985.
We act for private investors from all walks of life and all over the globe, offering a seamless, in-house acquisition, disposal, advisory and management service. We host regular investment seminars for private buyers and are widely known as the Home of the Blue-Chip Investor.
We work closely with numerous propcos, traders, agents and vendors both off-market and via auction to deliver quality investment opportunities as well as a unique disposals service.
Each year we also host the biggest cricket day in the industry, The Prideview Cricketers' Cup, with all proceeds going to charity.
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