29-31 Castle Street LE10 1DA & 11A Church Walk LE10 1DW
Hinckley
Leicestershire
LE10 1DA

Prime Freehold Retail Investment

  • Entirely let to WH Smith Retail Holdings Limited
  • Recently renewed lease at a rebased rent
  • Part occupied by the Post Office
  • Large shop - approximately 9,902 sq ft
  • Prime pedestrianised position opposite The Britannia Shopping Centre with retailers including Boots the Chemist, Greggs, Peacocks, Poundworld and Wilko
  • Other nearby occupiers include Costa, B&M Bargains and Clarks Shoes
  • Lot
    11
  • Auction
    14/Feb/2018
  • Rent
    £48,250 per Annum Exclusive
  • Status
    Sold
  • Price*
    £570,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Real Estate Investment Trust
  • 29-31 Castle Street LE10 1DA & 11A Church Walk LE10 1DW<br>Hinckley<br>Leicestershire<br>LE10 1DA
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  • Photos
  • Map

Property Information

Location
Miles
15 miles south-west of Leicester, 22 miles east of Birmingham
Roads
A5, A47, M69 (Junction 1)
Rail
Hinckley Railway Station
Air
Birmingham Airport, East Midlands Airport
Situation

The property is situated in a prime retailing location on the southern side of the pedestrianised Castle Street, directly opposite the entrance to The Britannia Shopping Centre in the heart of Hinckley town centre. The Britannia Shopping Centre has retailers including Boots the Chemist, Greggs, Peacocks, Poundworld and Wilko, with other nearby occupiers including Costa, B&M Bargains and Clarks Shoes. Church Walk Car Park is located to the rear of the property with parking for over 80 cars.

Tenure

Freehold.

Description

The property comprises a large well configured shop on the ground floor with further retail/ancillary accommodation on the first floor (part used as a Post Office). The property benefits from rear access via Church Walk.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
First
First
Second
Retail/Ancillary
Retail
Ancillary
Not currently used
517.30 sq m
157.01 sq m
245.63 sq m
-
(5,568 sq ft)
(1,690 sq ft)
(2,644 sq ft)
(-)
WH SMITH
RETAIL
HOLDINGS
LIMITED (1)
5 years from
25/12/2017 on a
full repairing and
insuring lease
£48,25024/12/2022
Total (excluding
second floor)
919.94 sq m
(9,902 sq ft)
  £48,250 

(1) For the year ending 31st August 2016, WH Smith Retail Holdings Limited reported a turnover of £175,131,000, pre-tax profits of £75,302,000 and a total net worth of £461,234,000 (Source: Experian Group 17/01/2018).

Property Documents

  • Site Plan
    Updated Date
    23.01.18
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    848 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Gateley Plc Park View House, 58 The Ropewalk
Nottingham
NG1 5DW
Charlotte Chapman 0115 983 8244charlotte.chapman@gateleyplc.com

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