The subject property comprises detached office premises, with planning permission for a conversion to four flats, on the fringe of Hinckley town centre with a large car park and garden area to the rear providing further development potential (subject to planning).
The property is currently arranged as two self contained offices. 7a Leicester Road is located to the front elevation and comprises: Ground Floor: two offices and kitchen/staffing area. First Floor: three offices and bathroom. 7 Leicester Road is situated to the rear of the property and comprises: Ground Floor: two offices, kitchen area, boardroom and WC. First Floor: further office. There is additionally basement storage to 7a Leicester Road.
Externally, to the rear there is a car park with space for approximately 10 vehicles and an attractive garden area running continuously behind the same, offering development potential (subject to planning permission). The total site area is in the order of 0.22 acres (0.09 hectares).
( Agency Pilot Software ref: 51739 )
Location
The subject property is situated in a prominent position on Leicester Road (B590) on the fringe of Hinckley town centre. The surrounding area comprises a mix of residential dwellings and commercial properties, with nearby commercial occupiers include ATS Euromaster, Britannia Tyres, Carpet World, B&Q and The New Plough Inn Public House. 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.
Accommodation
1,634 sq ft (151.8 sq m)
Terms
SERVICES We understand all mains services are connected to the subject property. There is gas fired central heating to 7a Leicester Road with electric heating to 7 Leicester Road. We are advised that there is a single electricity and gas meter, with a sub meter for electricity to 7a Leicester Road.
PLANNING The subject property benefits from planning permission (reference 23/01100/FUL with Hinckley & Bosworth Borough Council) for the conversion of the existing office building into four apartments, comprising 3 one bed and 1 two bed apartments. We are advised that there was previously planning permission for a triple garage (reference 09/00431/FUL with Hinckley & Bosworth Borough Council) in respect of the rear garden area.
BUSINESS 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: 7 Leicester Road - £6,800 7A Leicester Road - £5,600 THIS IS NOT THE AMOUNT PAYABLE
TENURE The Freehold interest in the subject property is available, subject to vacant possession, at an asking price of £500,000.
LEGAL COSTS Each party to bear their own legal costs.
Specification
- Planning granted for conversion of existing offices to 4no. flats
- Large car park and gardens to rear offering development potential (STPP)
- Prominent fringe of town centre location on Leicester Road (B590)
- Total site area - 0.22 acres (0.09 hectares)