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Regent Street, Hinckley

  • Prominent town centre location
  • Good tenant mix
  • Passing rent £66,180 per annum
  • Estimated rental value £76,380 per annum
  • Potential for residential conversion of upper floors (subject to planning permission)
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Investment

For Sale: £900,000

9,075 Sq Ft (843.07 Sq M)

The subject property comprises a large retail/office block in the heart of Hinckley town centre, arranged over three storeys. To the ground floor, there are three retail units and an office/drivers room. To the first and second floor there are various office suites.

The subject property is located in a prominent position on the corner of Regent Street and the Horsefair in Hinckley town centre. The surrounding area is mainly of a retail/leisure nature, with public houses and restaurants nearby. Hinckley's recent retail/leisure development 'The Crescent' is 100m from the property with tenants including Loungers, Prezzo, Wildwood and Cineworld.

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.

Size Description
4 Edwards Centre 1,297 Sq Ft (120.49 Sq M) L A Nails
2-3 Edwards Centre 2,826 Sq Ft (262.54 Sq M) Scope
1 Edwards Centre 1,029 Sq Ft (95.59 Sq M) Don Fenticas Ltd
8 The Horsefair 235 Sq Ft (21.83 Sq M) Centrebus Holdings Ltd
First Floor 922 Sq Ft (85.65 Sq M) Brearley Foster
Suites 4 & 5 1,019 Sq Ft (94.67 Sq M) Innerbeing Wellness
Suites 6 & 7 1,264 Sq Ft (117.43 Sq M) Vacant
Suite 8 483 Sq Ft (44.87 Sq M) Peak Business Coaching Ltd

We understand all mains services are connected to the subject property.

The Freehold interest in the subject property is available, subject to the occupational agreements in place, at an asking price of £900,000.

The passing rent is £66,180 per annum exclusive which reflects a Net Initial Yield of 7% based on the asking price. The estimated rental value is £76,380 per annum, assuming the letting of the vacant office and stepped rent for 1 Edwards Centre from May 2026, allowing for a reversionary yield of 8.5%.

Tenancy schedule available upon request.

Ground Floor: 1 Edwards Centre - E(125), 2-3 Edwards Centre - D(91), 4 Edwards Centre - E(125) and 8 Edwards Centre - to be supplied.
First Floor - to be supplied
Second Floor - Suite 4 - G(180), Suite 5 - G(204), Suite 6 - G(172), Suite 7 - G(157) and Suite 8 - G(190).

For more information please get in touch with our property experts

Harry Ward
Director & Chartered Surveyor
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