52 Castle Street, Hinckley, LE10 1DB

This prominent two-storey retail premises offers an internal area of approximately 3,711 sq ft (344.8 sq m). The ground floor features an open-plan retail area with changing rooms at the rear. The first floor comprises a studio, office, storage areas, and two additional WCs.

The property is let to Armstrong Fitness Limited on a 7-year lease from 23/04/2021 at a rent of £30,000 p.a., with a tenant break option on 22/04/2026.

Hinckley is located in the heart if the Midlands. The town benefits from good road communications and is served by the A5 which provides a direct link with Junction 1 of the M69, and Junction 2 of the M6 lies approximately 8 miles south. The town is connected to the national rail network with journey times to London of approximately 1hr 25 minutes.

Castle Street is Hinckley's principle pedestrianised retail thoroughfare. The subject property occupies a prime retailing pitch on the north side of Castle Street in close proximity to the popular Britannia Shopping Centre. Other nearby occupies include Holland and Barrett, Costa Coffee, New Look, Greggs, Specsavers, WH Smith, Carphone Warehouse and Wilko. The Stockwell Head Chapel Yard public car park is located immediately to the rear of the property and provides some 32 parking spaces whilst the Castle Street car park is immediately opposite, providing some 70 parking spaces. The property benefits from a strong footfall.

Castle Street is Hinckley's principle pedestrianised retail throughfare. The subject property occupies a prime retailing pitch on the north side of Castle Street in close proximity to the popular Britannia Shopping Centre. Other nearby occupies include Holland and Barrett, Costa Coffee, New Look, Greggs, Specsavers, WH Smith, Carphone Warehouse and Wilko. The Stockwell Head Chapel Yard public car park is located immediately to the rear of the property and provides some 32 parking spaces whilst the Castle Street car park is immediately opposite, providing some 70 parking spaces, The property benefits from a strong footfall.

The property has an EPC Rating of B - 40

https://find-energy-certificate.service.gov.uk/energy-certificate/3065-4731-4507-4503-9808

A service charge is not applicable.

Strictly by appointment with the agent Bromwich Hardy.

Each party is to bear their own legal and surveyors costs incurred in this transaction.

Offers in the region of £400,000 reflecting a net initial yield of 7.2%

Prime Pitch

Well served by nearby public car parks

Fully Glazed double frontage

Cat 6 Lighting

Ceiling mounted heating/ cooling system

Freehold.
( Agency Pilot Software ref: 1447 )