The subject property comprises a mixed use retail/residential investment opportunity, with two ground floor retail units and a one and two bedroom flat to the first floor. To the rear of the site there is a vacant outbuilding which has previously had planning permission for a residential conversion and provides a development opportunity (STP).
26 is occupied by Shilton Fish Bar and comprises a serving area, kitchen, preparation area, WC facilities and stores.
28 is occupied by CBT Motorcycles as a motorcycle workshop and comprises a retail area, workshop area, external workshop with WC and basement.
26a comprises a two bedroom first floor flat.
28a comprises a one bedroom first floor flat.
The rear outbuilding is not currently accessible and is unmeasured.
( Agency Pilot Software ref: 50685 )
Location
The subject property is located fronting onto Wood Street in the town centre of the popular town of Earl Shilton. There is short term car parking to the front elevation. The rear of the property fronts onto the pedestrian walkway Kings Row. Wood Street comprises predominantly commercial premises whilst Kings Row is primarily residential in use. 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.
Accommodation
26 Wood Street Total NIA 1,205 sq ft ( 111.94sq m,)
28 Wood Street Total NIA 811 sq ft (75.34sq m )
26a Wood Street Two Bedroom First Floor Flat
28a Wood Street One Bedroom First Floor Flat NIA
Total 2,016 Sq Ft (187.29 Sq M)
Terms
SERVICES We understand all mains services are available to the subject property. PLANNING We are advised that the subject property previously benefitted from planning permission (Reference 16/00294/FUL) for demolition of existing buildings and erection of two dwellings (resubmission) at 9 Kings Row, Earl Shilton, Leicestershire. This permission has now expired.
BUSINESS RATES As a result of internet enquiry only, we understand that the Rateable Value and Council Tax Banding for the subject property appearing in the Rating List of the Hinckley & Bosworth Borough Council is: 26 - Rateable Value: £6,900 28 - Rateable Value: £4,750 26a - Council Tax Band A 28a - Council Tax Band A THIS IS NOT THE AMOUNT PAYABLE
TENURE The subject property is available at an asking price of £395,000, subject to the occupational agreements currently in place, which we are advised are as follows: 26 Wood St - Shilton Fish Bar - Effective FRI lease until 30/11/28 at a passing rent of £8,000 pax 28 Wood St - CBT Motorcycles
Specification
- Located on Wood Street in the heart of Earl Shilton town centre
- Comprising two ground floor retail units with two first floor flats above
- Vacant outbuilding fronting to Kings Row with development potential (STP)
- Passing rent of £25,340 per annum