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Wood Street, Earl Shilton

  • Long term income with 19 years unexpired on current lease
  • Passing rent of £13,520 per annum exclusive
  • 3 yearly rent review pattern
  • Well established takeaway business in Earl Shilton
  • NIA - 681 sq ft (63 sq m)
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Investment, Retail

For Sale: £200,000

681 Sq Ft (63.26 Sq M)

INVESTMENT PROPERTY FOR SALE - BUSINESS NOT AFFECTED. The subject property comprises a hot food takeaway premises situated in the heart of Earl Shilton town centre.

Internally, the accommodation comprises the following: Ground Floor: Servery, Kitchen, Preparation Area, Store and WC. First Floor: two Stores and Shower Room.

Externally, there is a rear yard area.

The property is located in the centre of Earl Shilton close to the intersection of Wood Street, Station Road and The Hollow. There is on street car parking to the front of property and free car parking available elsewhere in Earl Shilton.

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 Barwell.

Size Description
Ground 152 Sq Ft (14.12 Sq M) Servery
Ground 145 Sq Ft (13.47 Sq M) Kitchen
Ground 107 Sq Ft (9.94 Sq M) Prep Area
Ground 47 Sq Ft (4.37 Sq M) Store
First 229 Sq Ft (21.27 Sq M) Stores

We understand mains gas, electricity, water and drainage are connected to the subject property. Heating is by way of gas fired central heating serving panel radiators.

The Freehold interest in the subject property is available, subject to the lease in effect, at an asking price of £200,000 (6.6% Net Initial Yield).

We are advised that the lease is held for a period of 21 years from 26 May 2023 (19 years unexpired approximately) at a passing rent of £13,520 per annum exclusive of VAT. The lease is full repairing and insuring with a three yearly rent review pattern on an open market basis.

EPC Rating - C(65)

For more information please get in touch with our property experts

Harry Ward
Director & Chartered Surveyor
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