Lutterworth Road, Hinckley, Leicestershire, LE10
- PROPERTY TYPE
Retail Property (high street)
- SIZE
594 sq ft
55 sq m
Key features
- Sought after central Burbage location
- Arranged over three storeys
- Currently let to Holiday Lounge Ltd until February 2030
- Passing rent £5,800 pa, rising to £7,200 pa from February 2025
- NIA - 592 sq ft (55.2 sq m)
Description
The property is centrally located within Burbage village in a mixed commercial and residential location opposite an office and vehicle garage. Burbage forms the southern part of the Hinckley conurbation, specifically lying on the southern side of the railway line which bisects the same.
Burbage is a large village (population - 14,568) lying to the south of the town of Hinckley. Burbage benefits from excellent road communications with the A5/M69 interchange to the south of the conurbation providing access to the M1, M6 and M42 thereafter. Hinckley railway station provides regular commuter services to Leicester and Birmingham New Street.
Description:
RETAIL INVESTMENT OPPORTUNITY - BUSINESS NOT AFFECTED. The subject property comprises three storey retail/office premises in the heart of Burbage old village of rendered brickwork construction surmounted by a pitched tiled roof.
The accommodation briefly comprises the following: Ground Floor: retail area with ancillary office. First Floor: store/office, kitchen and WC facilities. Second Floor: stores.
Services:
We understand mains electricity, water and drainage are connected to the subject property. Heating is by way of electric heaters.
Rates:
As a result of internet enquiry only, we understand that the Rateable Value for the subject property appearing in the Rating List of the Hinckley & Bosworth Borough Council is:
Rateable Value: £7,100
THIS IS NOT THE AMOUNT PAYABLE
Tenure:
The Freehold interest in the subject property is available, subject to the occupation of the current tenant, at an asking price of £125,000.
The property is let to Holiday Lounge Limited, who are currently holding over at a rental of £5,800 per annum. A new internal repairing and insuring lease has been agreed to commence on 9 February 2025 at a rental of £7,200 per annum exclusive, for a term of 5 years, and is currently being documented by solicitors.
Legal Costs:
Each party to bear their own legal costs.
Energy Performance Certificate:
EPC Rating - D(86)
Lutterworth Road, Hinckley, Leicestershire, LE10
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hinckley Station1.2 miles
- Nuneaton Station4.9 miles
- Bedworth Station6.0 miles
About the agent
Wards Commercial, Hinckley
20 Station Road, Hinckley, LE10 1AW
Ward Surveyors commercial agency department provides a comprehensive range of professional services for the letting, sale and acquisition of commercial properties.
Ward Surveyors have been the leading commercial agents in Hinckley and South West Leicestershire since establishment in 1988 and provide agency services for retail, office, industrial and warehouse premises in the Leicestershire, Warwickshire and wider Midlands markets.
Our team of qualified Chartered Surveyors utilise
Notes
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