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)
Investment
For Sale: £900,000
9,075 Sq Ft (843.07 Sq M)
Description
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.
Location
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.
Accommodation
| 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 |
Services
We understand all mains services are connected to the subject property.
Tenure
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.
Legal Costs
Each party to bear their own legal costs.
Energy Performance Certificate
Ground Floor: 1 Edwards Centre - E(125), 2-3 Edwards Centre - D(91), 4 Edwards Centre - E(125) and 8 Edwards Centre - B(50)
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).