Strong retail position near to the The Britannia Shopping Centre
Town Centre location
Neighbouring occupiers include Coral, Greggs, HSBC, Clarks, B&M and a range of local businesses
Lot 35
Auction 30th October 2025
Rent £18,000 per Annum Exclusive
Status Available
Guide* £200,000+
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
13 miles south-west of Leicester, 4 miles north-east of Nuneaton
Roads
A47, M69, A50
Rail
Hinckley Railway Station
Air
Birmingham Airport, East Midlands Airport
Situation
The property is prominently situated on the south side of the prime pedestrianised Castle Street, close to its junction with Market Place. The property also benefits from being within walking distance to The Britannia Shopping Centre, which includes major retailers such as Boots, Greggs, New Look and The Fragrance Shop. Other neighbouring occupiers include Coral, Greggs, HSBC, Clarks, B&M and a range of local businesses.
Tenure
Virtual Freehold. Held for a term of 999 years from completion of the sale at a fixed peppercorn rent.
Location
Miles
13 miles south-west of Leicester, 4 miles north-east of Nuneaton
Roads
A47, M69, A50
Rail
Hinckley Railway Station
Air
Birmingham Airport, East Midlands Airport
Situation
The property is prominently situated on the south side of the prime pedestrianised Castle Street, close to its junction with Market Place. The property also benefits from being within walking distance to The Britannia Shopping Centre, which includes major retailers such as Boots, Greggs, New Look and The Fragrance Shop. Other neighbouring occupiers include Coral, Greggs, HSBC, Clarks, B&M and a range of local businesses.
Tenure
Virtual Freehold. Held for a term of 999 years from completion of the sale at a fixed peppercorn rent.
Description
The property comprises a retail unit on the ground floor. The property also benefits from rear loading via Church Walk.
VAT
VAT is applicable to this lot.
EPC
Band B
Description
The property comprises a retail unit on the ground floor. The property also benefits from rear loading via Church Walk.
VAT
VAT is applicable to this lot.
EPC
Band B
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review (Reversion)
Ground
Retail
71.00
(753)
SUBWAY REALTY LIMITED (CRN: 04174473) (1)
15 years from 08/02/2016 (2)
£18,000
08/02/2026 (07/02/2031)
Total Approximate Floor Area
71.00
(753) (3)
£18,000
(1) For the year ending 31 December 2024 Subway Realty Ltd (CRN: 04174473) reported a turnover of £49,216,949, a pre-tax profit of £3,908,603 and a Total Equities of £13,255,213 (Source: Report and Financial Statements as Published at Companies House on 07/10/2025). (2) The lease provides for a Tenant option to determine on 08/02/2026 upon serving 6 months written notice. The tenant has not exercised their break. (3) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/68382046).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
