The subject property comprises a mid-terraced single storey retail premises constructed of a steel portal frame with a metal roof, with a prominent wooden double glazed shop frontage. The property is carpeted throughout and has the benefit of LED lighting and electric blower heater. To the rear of the property there is a kitchen, WC, store and doors to a rear access.
Location
The property is located on Waterloo Road in Hinckley, adjacent to Hinckley's flagship retail/leisure scheme 'The Crescent'. Adjacent occupiers include Carters Lounge, Delightful Desserts, Iceland, Burger King, Sainsbury's and TK Maxx. The property is in close proximity to the town's main bus station. Hinckley railway station is approximately 0.25 miles away and offers regular services to Birmingham New Street and Leicester.
Hinckley is a market town with a population in the order of 55,000 (Local Authority 87,000) 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 accommodation comprises:
Open Plan Sales Area: 1,533 sq ft (142.4 sq m)
Rear Store: 76 sq ft (7.1 sq m)
Kitchen: 52 sq ft (4.8 sq m)
Total NIA: 1,662 sq ft (154.4 sq m)
Terms
We have been advised by our client that they hold a 10 year effective full repairing and insuring lease from 3 April 2018 until 2 April 2028 at a passing rent of £XXX (plus VAT) per annum with a rent review in April 2023 and break options in October 2021 and in April 2023. There is a £XXX plus VAT per annum service charge.
Our client's leasehold interest is available at a nil premium. A sublease outside the provisions of the Landlord and Tenant Act 1954 may be available. Rental offers invited.
Each party to be responsible for their own legal costs incurred in connection with the transaction.
Specification
We understand that mains electricity, water and drainage are connected to the property.
Each party to be responsible for their own legal costs incurred in connection with the transaction.