Originally built as The High Cross Hosiery Factory in 1932 for the Atkins Brothers, to make mens underwear under the trademark of 'High Cross', the building has been sympathetically restored to provide retail/leisure accommodation at ground floor with offices to the upper floors.
The units will comprise good quality retail/leisure accommodation which will be finished to a shell specification with retail frontages, ready for tenant fit out.
Location
The units are located within the landmark Art Deco High Cross Building, in a highly prominent location within Hinckley town centre. The surrounding area is mainly of a retail/leisure nature, with public houses and restaurants nearby. Hinckley's recent retail/leisure development 'The Crescent' is 100m from the property with tenants including Loungers, Prezzo, Wildwood and Cineworld.
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, being located on the south eastern fringe of the conurbation approximately 2 miles from the town centre. Hinckley railway station offers regular commuter services to Birmingham New Street and Leicester and is circa 0.5 miles from the subject property.
Accommodation
The target floor areas of the units, on a Gross Internal Area (GIA) basis, are as follows:
Unit 1a
Ground Floor - 1,723 sq ft (160 sq m)
Basement - 798 sq ft (74.4 sq m)
Unit 1b
Ground Floor - 1,582 sq ft (147 sq m)
Unit 1c
Ground Floor - 1,796 sq ft (169 sq m)
Terms
Lease Terms - The units will be available on a new effective full repairing and insuring leases at commencing rentals of £XXX per annum exclusive.
Availability - Completion date to be confirmed. Pre-lettings of the units are available prior to completion.
Legal Costs - As is standard, the ingoing tenant will be responsible for the landlords legal costs incurred in the grant of the lease.
Service Charge - There will be a service charge payable for each unit. Details of the service charge will follow.
Buildings Insurance - The tenant will be responsible for paying the Landlord back for the insurance premium for the unit. The % apportionment for each unit will follow.
Specification
Unit 1b - benefits from an enclosed outdoor seating area.
Unit 1c - benefits from a full commercial kitchen which can be left in situ, if desired by an incoming tenant.
Services - We understand mains gas, electricity, water and drainage are available.
EPC - to be supplied.