Heart of England Co-op Funerals King's Walk Earl Shilton, nr Leicester Leicestershire LE9 7NL

Heart of England Co-op Funerals
King's Walk
Earl Shilton, nr Leicester
Leicestershire
LE9 7NL

Freehold Funeral Parlour Investment

Let to Heart of England Co-Operative Society Limited
Tenant in occupation for over 15 years
Renewed 12-year lease from September 2021 (subject to option)
RPI-linked Rent Reviews in 2026 and 2031
VAT not applicable
Nearby occupiers include Co-operative Convenience Store, Nisa Local, Domino's and an eclectic mix of independent retailers
Alternative use/redevelopment potential (subject to lease and consents)

Lot
26
Auction
27th March 2024
Rent
£11,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction
On Behalf of Trustees

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Freehold Funeral Parlour Investment

Let to Heart of England Co-Operative Society Limited
Tenant in occupation for over 15 years
Renewed 12-year lease from September 2021 (subject to option)
RPI-linked Rent Reviews in 2026 and 2031
VAT not applicable
Nearby occupiers include Co-operative Convenience Store, Nisa Local, Domino's and an eclectic mix of independent retailers
Alternative use/redevelopment potential (subject to lease and consents)

Lot 26
Auction 27th March 2024
Rent £11,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction
On Behalf of Trustees

Property Information

Location

Miles: 10 miles south-west of Leicester, 33 miles south-west of Nottingham
Roads: A5, A47, A47, M1 (Junction 21), M69 (Junction 2)
Rail: Hinckley Train Station
Air: East Midlands Airport

Situation

Earl Shilton is a market town in Leicestershire located 10 miles south-west of Leicester City Centre. The property is situated on the east side of King's Walk, close to its junction with Wood Street, the principal retailing street in the town centre. Nearby occupiers include Co-operative Convenience Store, Nisa Local, Domino's and an eclectic mix of independent retailers.

Tenure

Freehold.

Location

Miles: 10 miles south-west of Leicester, 33 miles south-west of Nottingham
Roads: A5, A47, A47, M1 (Junction 21), M69 (Junction 2)
Rail: Hinckley Train Station
Air: East Midlands Airport

Situation

Tenure

Freehold.

Description

The property comprises a funeral parlour arranged on the ground floor only. The property benefits from 3 car parking spaces to the front of the property.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Description

The property comprises a funeral parlour arranged on the ground floor only. The property benefits from 3 car parking spaces to the front of the property.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas (Approx sq ft) (1)	Tenant	Term	Rent p.a.x.	Rent Reviews
Ground	Funeral Parlour	146.70	(1,579)	HEART OF ENGLAND CO-OPERATIVE SOCIETY LIMITED (2)	12 years from 01/09/2021 (3) on a full repairing and insurance lease	£11,000	01/09/2026 & 01/09/2031
Total		146.70	(1,579)			£11,000

(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) The Heart of England Co-Operative Society Limited are a regional, co-operative society that have been established since 1832 in the East Midlands. As well as funeral care, the Society also offers Food services employing a 600-strong workforce, trading from over 30 stores within local communities across Coventry, Warwickshire, south Leicestershire and Northamptonshire. (www.heartofenglandcoopfunerals.co.uk)
(3) The lease is subject to a tenant option to determine on 31/08/2026 and 31/08/2031.

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.