The subject property comprises an end of terrace industrial unit with parking to the front elevation. The unit is let on a 5-year term with 3-year break from September 2019 at a passing rent of £XXX per annum. Offers in the region of £XXX are sought for the benefit of the freehold interest, representing a net initial yield of 6.3%.
Location
The property is situated on Venture Court, a small industrial estate, located off the A47 Dodwells Road in Hinckley. The property is located 0.4 miles form the A5/A47 Dodwells Island interchange, which provides convenient access to the M69, M42 and M1 Motorways. Dodwells Road is an established indsutrial location with major occupiers including Tesco, Alliance Healthcare, The Alan Nuttall Partnership, XPO Logistics, Motor Parts Direct and DS Smith.
Hinckley is a market town with a population in the order of 55,000 (Local Authority 105,000) 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.
Accommodation
The subject property comprises an end of terrace industrial unit with parking to the front elevation. The unit is constructed of a steel portal frame with brick faced blockwork to half height and profile sheet steel above and to the roof. The unit benefits from roller shutter access, office, WC and kitchen facilities.
GIA - 4,995 sq ft (464.1 sq m)
Terms
The property is let to AJ Bates t/a A&D Products on FRI terms for a term of 5 years from 25 September 2019 at a passing rent of £XXX (£XXX per sq ft). There is a tenant only break option on 25 September 2022. There is no rent review provision within the lease.
Specification
We understand mains electricity, water and drainage are connected.
EPC Rating - D(96)