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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Real Estate Investment Trust

Interested?

Expand
Photos
Map

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
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

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

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).