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Highfield Street, Earl Shilton

  • Large factory premises split into smaller units
  • Potential redevelopment site (subject to planning permission)
  • Passing rent approx. £59,817 per annum. ERV approx. £70,000 per annum
  • Site area approx. 0.53 acres (0.21 ha)
  • Approx. GIA - 23,269 sq ft (2,161.7 sq m)
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Industrial, Investment

For Sale: £875,000 Offers in the region of

23,269 Sq Ft (2,161.69 Sq M)

The subject property comprises a large traditional factory premises which has been split into smaller industrial units ranging between 545 sq ft (50.7 sq m) and 5,999 sq ft (557.3 sq m). The property is constructed of a steel frame with brickwork external walls and a mixture of north light, cement asbestos sheet and flat roofing systems. There is a two-storey element fronting onto Highfield Street, whilst the majority of the premises at the rear is of a single storey nature. Additionally, there is a car parking area situated to the right hand side of the property, accessed from Highfield Street, for the use of the occupiers of the same. The property occupies a site area of approximately 0.53 acres (2,159 sq m), excluding the car park.

The subject property is located fronting onto Highfield Street in Earl Shilton, being opposite the turning for Rossendale Road. The surrounding area is mainly of a residential nature, apart from the Stoneycroft Sports & Social Club being situated to the rear of the property. Hinckley Road is situated at the opposite end of Rossendale Road and allows access to the town centre, approximately ¼ mile distant, together with the A47 to the south west of the village.

Earl Shilton is a busy town (population 10,000), adjoining the village of Barwell, lying approximately 10 miles from Leicester and 3 miles from Hinckley. There are excellent road communications with junctions of the M1 and M69 being within easy commuting distance. Earl Shilton also benefits from regular bus services to Hinckley, Nuneaton and Earl Shilton.

Size Description
Unit 1 1,593 Sq Ft (147.99 Sq M) The Suffolk Point Shoe Co. Ltd
Units 2 & 3 5,999 Sq Ft (557.31 Sq M) The Suffolk Point Shoe Co. Ltd
Unit 4 2,260 Sq Ft (209.95 Sq M) Owner Occupied
Unit 5 2,866 Sq Ft (266.25 Sq M) The Suffolk Point Shoe Co. Ltd
Unit 6 2,308 Sq Ft (214.41 Sq M) Smith & Johnson Heating and Technical Solutions Ltd
Unit 7 1,497 Sq Ft (139.07 Sq M) Smith & Johnson Heating and Technical Solutions Ltd
Unit 8 545 Sq Ft (50.63 Sq M) Miss Fiona Colwill
Unit 9 2,970 Sq Ft (275.91 Sq M) Royale Knitwear
Unit 10 3,231 Sq Ft (300.16 Sq M) Melissa Winter

We understand all mains services are connected to the property together with a 3-phase electricity supply. Each unit benefits from their own electricity and gas meters.

Offers in the region of £875,000 are invited for the freehold interest in the subject property, subject to the occupational agreements currently in place. We are advised that all occupational agreements are excluded from the security of tenure provisions of the Landlord & Tenant Act 1954. Unit 4 is currently owner occupied, however, the Vendor is willing to agree a 3 year lease at £10,000 per annum exclusive should the eventual purchaser agree to the same.

EPC Ratings: Unit 1 - C(55), Units 2 & 3 - E(102), Unit 4 - D(81), Units 5 - D(98), Unit 6 - E(124), Unit 7 - E(113), Unit 8 - E(109) , Unit 9 - E(104) & Unit 10 - D(94).

For more information please get in touch with our property experts

Harry Ward
Director & Chartered Surveyor
Ben Moore