Station Road, Hinckley
- Currently operated as a serviced accommodation and rental business
- Full cash flow business
- Gross revenue for 2025 of £246,736
- 12no. two bed and 2no. one bed apartments
Block of flats, Investment
For Sale: £1,975,000
26 Bedrooms
Description
*FULL CASH FLOW BUSINESS - 2025 REVENUE £246,736* We are able to offer a block of fourteen apartments constructed in an L shaped arrangement over two floors. Of the apartments, twelve offer two bedrooms and two offer one bedroom. The property is of cavity brickwork construction surmounted by mono pitched steel sheet roofs. Externally, there are 14 car parking spaces included with the property and communal garden areas.
The property is currently operated as a mixture of serviced accommodation and rental accommodation. The property is offered for sale as a full cash flow business, with gross revenue for 2025 at £246,736.
The site is as shown edged red on the enclosed plan. Rights of access are reserved over the land shaded pink. The land will be sold with rights of access over the area shown cross hatched green in favour of the garage occupiers.
Location
The subject property is located on Station Road within Hinckley town centre, adjacent to The Crescent shopping centre and bus station. Station Road comprises a mixture of residential and commercial uses. House of Dental dental surgery is located adjacent to the property.
Hinckley is a market town with a population in the order of 55,000 (Local Authority 112,000) lying approximately 13 miles to the south west of Leicester. The town enjoys good motorway communications with Junction 1 of the M69 Motorway being located on the south eastern fringe of the conurbation approximately 2 miles from the town centre. Hinckley railway station provides regular commuter services to Birmingham New Street and Leicester.
Services
We understand mains electricity, water and drainage are connected to each flat which benefit from underfloor heating system.
Tenure
The Freehold interest in the subject property is available at an asking price of £1,975,000.
Legal Costs
Each party to bear their own legal costs.
Energy Performance Certificate
The individual dwellings which make up this investment benefit from C or D EPC ratings with 1 of the units rated C and 13 rated D.
A full schedule of the currently lodged EPCs can be provided on request.