Regent Street, Hinckley
- Fully refurbished in 2021
- Air conditioning
- Fully fitted kitchen and prep area
- Male, female and disabled WC facilities
- NIA - 1,622 sq ft (151 sq m)
Retail, Leisure
To Rent: £20,000 Per annum
1,622 Sq Ft (150.68 Sq M)
Description
An excellent opportunity to acquire a fully fitted, high-specification café, restaurant and licensed premises, by way of a lease assignment, in the heart of Hinckley town centre.
The current owners are relocating to larger premises to facilitate continued business growth. The premises have undergone substantial investment since 2021, creating a modern hospitality venue requiring minimal capital expenditure before trading. A premium of £40,000 is sought for the contents, equipment, fixtures and fittings.
The accommodation comprises an open plan dining area, with kitchen, preparation and office, along with male, female and disabled WC facilities. There is on street car parking to the front elevation and loading access to the rear.
Location
The unit is located within the landmark art deco High Cross Building, 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. 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 | |
|---|---|---|
| Ground | 1,190 Sq Ft (110.55 Sq M) | Dining |
| Ground | 241 Sq Ft (22.39 Sq M) | Kitchen |
| Ground | 162 Sq Ft (15.05 Sq M) | Prep Area |
| Ground | 29 Sq Ft (2.69 Sq M) | Office |
Services
We understand mains electricity, water and drainage are connected to the subject property. Heating and cooling is by way of air conditioning.
Tenure
The property is available by way of assignment of an effective full repairing and insuring lease (by way of service charge) at a passing rental of £20,000 per annum exclusive for a term of 10 years from 1 November 2021. Tenant break options at the end of years 5 and 8, with an upward only rent review at the end of year 5. Alternatively, a lease of longer duration may be available directly from the Landlord.
A premium of £40,000 is sought for the contents, equipment, fixtures and fittings. A full schedule is available upon application.
Legal Costs
As is standard, the ingoing tenant is to cover the landlord's legal costs in respect of the lease and rent deposit deed.
Energy Performance Certificate
EPC Rating - C(51)