2a and 2b Castle Street, Hinckley and 1, 1a and 1b The Borough Hinckley Leicestershire LE10 1DB

2a and 2b Castle Street, Hinckley and 1, 1a and 1b The Borough
Hinckley
Leicestershire
LE10 1DB

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
42
Auction
18th May 2023
Rent
£25,750 per Annum Exclusive
Status
Sold
Price
£201,000
Auction Venue
Live Streamed Auction

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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 42
Auction 18th May 2023
Rent £25,750 per Annum Exclusive
Status Sold
Price £201,000
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

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.