The accommodation comprises a number of self-contained retail units which are available to lease on a new internal repairing and insuring terms. The accommodation is over ground floors and comprises the retail accommodation to include w.c. and kitchenette facilities in each of the units.
( Agency Pilot Software Ref: 1959 )
Location
The retail arcade known as Hansom Court is situated between Regent Street and The Borough and comprises ten self-contained retail units located within a courtyard development that was originally constructed in the mid 1980's. The retail units offer a variety of sizes to suit a number of commercial uses, subject to planning. The units are located inn close proximity to Hinckley town centre in a pedestrianized location with a limited number of on-street parking spaces available fronting onto The Borough. Hinckley is a bustling market town which has seen a considerable amount of inward investment into the retail offer over the past three years.
Accommodation
Units 2-3 - 668 sq ft
Unit 4 - 509 sq ft
Unit 5 - 4,013 sq ft
Unit 6 - 409 sq ft
Unit 7 - 732 sq ft
Unit 8 - 485 sq ft
Terms
Rental
Units 2-3 - £XXX pax
Unit 4 - £XXX pax
Unit 5 - 18,500 pax
Unit 6 - £XXX pax
Unit 7 - £XXX pax
Unit 8 - £XXX pax
Planning
We understand that the various retail units have planning permission for A1 or A5 Use. We recommend interested parties make their own enquiries of Hinckley & Bosworth Borough Council Planning Department in respect of any potential alternative uses.
Tenure
The retail units are available To Let on a new internal repairing and insuring lease, subject to an existing service charge. The individual units are available on lease terms, subject to a minimum of three years
Services
We are advised that main services are connected to the units, including mains water, drainage and electricity. At present mains gas is only connected to Units 2 and 3. The individual tenant will be responsible for the payment of all services from the date of access.
We would advise interested parties to undertake their own enquiries as to the adequacy and availability of these services, which have not been tested or verified by Howkins & Harrison LLP.
Outgoings
We understand that under the 2017 Rating List the individual units have the following Rateable Values:
Units 2-3 - £XXX
Unit 4 - £XXX
Unit 5 - £XXX
Unit 6 - £XXX
Unit 7 - £XXX
Unit 8 - £XXX
Interested parties area advised to make their own enquiries of Hinckley & Bosworth Borough Council in respect of any Business Rates that are payable. The majority of the units will qualify for Small Business Rates Relief and occupiers may received up to 100% relief in this respect.
Service Charge
A Service Charge is levied for the upkeep of the communal areas to include maintenance and repair, waste disposal, Landlord's communal electricity. Full details of the service charge is available upon request.
VAT
Howkins & Harrison LLP stipulate that all prices and rents are stated exclusive of VAT whether or not payable. It is confirmed that the units are not subject to VAT. However, the service charge payments are VAT elected.