The subject property comprises a longstanding long-leasehold hotel and public house business in the heart of Hinckley town centre. The business has been traded by the current owners since 2000 and the offering includes hotel accommodation, with 11no.
Letting Bedrooms (2no. Ensuite), 1no. Studio Flat and 3no. One Bedroom Flats (including a Manager's Flat), and a public house, with two bars on the ground and first floors, with Kitchen and Function Room facilities and ancillary office and storage accommodation. There is ample car parking available to the rear of the property, accessed from Trinity Lane. Please note that the ground floor retail units, fronting Regent Street, are in different ownership and are therefore not included within the sale.
( Agency Pilot Software ref: 50443 )
Location
The property is located on Regent Street, a secondary parade within Hinckley town centre. The surrounding area comprises predominantly retail/leisure uses, with nearby occupiers including Papa John's Pizza, Ponchinellos Pizzeria, Scope, LA Nails & Beauty Spa and a variety of other predominantly independent retailers.
Hinckley's recent retail/leisure development 'The Crescent' is 150m from the property with tenants including Cineworld, Sainsbury's, TK Maxx, Poundland, Loungers, Prezzo and Wildwood. 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 Motorway being located on the south eastern fringe of the conurbation approximately 2 miles from the town centre. Hinckley railway station provides regular commuter services to Birmingham New Street and Leicester.
Accommodation
Ground Bar Area 1,235 sqft
Ground Store 41 sqft
First Restaurant 535 sqft
First Kitchen 218 sqft
First Store 47 sqft
Terms
We understand all mains services are connected to the subject property.
BUSINESS RATES As a result of web enquiry only, we are informed that the entries appearing in the Rating List of the Hinckley & Bosworth Borough Council were: Rateable Value: £19,000 THIS IS NOT THE AMOUNT PAYABLE
TENURE We are advised the property is held long leasehold for a period of 999 years from 10 December 1993 at a peppercorn rental. Offers in the region of £650,000 are sought for the benefit of the trading business and long leasehold interest.
ENERGY PERFORMANCE CERTIFICATE EPC Rating - C(70
Specification
- Longstanding long-leasehold hotel and public house business in the heart of Hinckley town centre
- Hotel accommodation comprises 11no.Letting Bedrooms (2no. Ensuite), 1no. Studio Flat and 3no.
- One Bedroom Flats
- Public House accommodation comprises two
- Bars with ancillary Kitchen and Function Room facilities
- Ample car parking to rear