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
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.
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.
