29-31 Castle Street LE10 1DA & 11A Church Walk LE10 1DW Hinckley Leicestershire LE10 1DA
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 14th February 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
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 14th February 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
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.
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
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
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
£48,250
24/12/2022
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).
