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Market Place, Hinckley

  • Mixed-use investment opportunity
  • Landmark building in Hinckley town centre
  • Prominent town centre location
  • Leased to Barclays Bank, ADA Homecare and a café
  • Passing rent - £64,500 per annum
  • ERV - £94,500 per annum
  • Approx. NIA - 7,936 sq ft (737.3 sq m)
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Investment

For Sale: £750,000

7,936 Sq Ft (737.25 Sq M)

The accommodation is predominantly arranged on ground and first floors within an attractive building having brick and rendered elevations under a pitched and tiled roof. The units are occupied by Barclays Bank, ADA Healthcare and a café. Barclays operate within a split freehold demise part of which is not included in the sale, a substantial portion of the branch - including a first floor area - is included within the subject property.
The accommodation is predominantly arranged on ground and first floors within an attractive building having brick and rendered elevations under a pitched and tiled roof. The units are occupied by Barclays Bank, ADA Healthcare and a café. Barclays operate within a split freehold demise part of which is not included in the sale, a substantial portion of the branch - including a first floor area - is included within the subject property.

The property is located on the corner of Market Place and The Borough in a highly prominent location within Hinckley town centre. The surrounding area is mainly of a retail/leisure nature, with public houses and restaurants nearby together with various shops and banks including, HSBC, Halifax and NatWest. 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, being located on the south eastern fringe of the conurbation approximately 2 miles from the town centre. Hinckley railway station offers regular commuter services to Birmingham New Street and Leicester and is circa 0.5 miles from the subject property.

3 Market Place Ground Floor - Retail - 1,260 sq ft - Leased to Individuals (t/a Coffee Rio) for 15 years from 1 June 2006 at £30,000 per annum exclusive. 3a Market Place First Floor - Offices - 1,077 sq ft - Leased to ADA Homecare Ltd for 5 years from 8 January 2020 at £6,500 per annum exclusive. 5 Market Place Ground & First Floor - Retail - 3,488 sq ft - Vacant - ERV £30,000 per annum. 4 The Borough Ground & First Floor - Retail/Office - 1,986 sq ft - Leased to Barclays Bank PLC for approx. 17 years and 9 months from and including 29 September 2009 until 21 June 2027 at a passing rent of £28,000. Break option on 21 June 2022. Market Room Ground - Ancillary - 125 sq ft - Vacant

Freehold subject to the leases in effect.

1 Market Place - Barclays Bank - C(57) 3 Market Place - Cafe Rio - D(98) 3a Market Place - ADA Homecare - B(49) 5 Market Place - Vacant - D(84) Market Room - Vacant - E(122)

For more information please get in touch with our property experts

Harry Ward
Chartered Surveyor and RICS Registered Valuer
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