Freehold Retail and Residential Ground Rent Investment
Two shops let to Boots Opticians and Hays Travel
Three Flats on Upper Floors Let on Long Lease
VAT free investment
Prominent town centre corner location
Nearby occupiers include Bodycare, Greggs, Specsavers, Holland & Barrett and Clarks Shoes
Lot 22
Auction 16th February 2023
Rent £25,750 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail/Residential
Auction Venue Live Streamed Auction
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 City Airport
Situation
The property is prominently situated at the junction of Castle Street and The Borough, on the western side of the pedestrianised Castle Street. The property is directly opposite Hinckley Market and close to an entrance to The Britannia Shopping Centre in the heart of Hinckley town centre. The Britannia Shopping Centre houses retailers including Boots the Chemist, Greggs, Peacocks and New Look. Other nearby occupiers include Bodycare, Greggs, Specsavers, Holland & Barrett and Clarks Shoes.
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 City Airport
Situation
The property is prominently situated at the junction of Castle Street and The Borough, on the western side of the pedestrianised Castle Street. The property is directly opposite Hinckley Market and close to an entrance to The Britannia Shopping Centre in the heart of Hinckley town centre. The Britannia Shopping Centre houses retailers including Boots the Chemist, Greggs, Peacocks and New Look. Other nearby occupiers include Bodycare, Greggs, Specsavers, Holland & Barrett and Clarks Shoes.
Tenure
Freehold.
Description
Two shops arranged on the ground floor with three separately accessed flats arranged on the first, second and third floors let on long leases.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Description
Two shops arranged on the ground floor with three separately accessed flats arranged on the first, second and third floors let on long leases.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m
Floor Areas (Approx sq ft)
Tenant
Term
Rent p.a.x.
2 Castle Street
Ground Basement
Retail Ancillary
53.83 58.47
(579) (629)
BOOTS OPTICIANS PROFESSIONAL SERVICES LIMITED (t/a Boots Opticians) (1)
5 years from 25/12/2019
£13,000
2a Castle Street
Ground
Retail
94.91
(1,022)
HAYS TRAVEL LIMITED (t/a Hays Travel) (2)
5 years from 08/01/2019
£12,750
1/1a/1b The Borough
First/Second/Third
Three Flats
-
-
VARIOUS
Held on two leases expiring in March and September 2130
-
Total Commercial Area
207.21
(2,230)
£25,750
(1) For the year ending 31st August 2021, Boots Opticians Professional Services Limited reported a turnover of £355,755,000, a pre-tax profit of £24,109,000 and a Net Worth of £75,951,000. (www.northrow.com) (2) For the year ending 30th April 2022, Hays Travel Limited reported a turnover of £219,409,000, a pre-tax profit of £14,355,000 and Net Worth of £26,539,000. (www.northrow.com)
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.
