Retail premises for sale in Warwick House 1092 Watling Street, Hinckley, Leicestershire LE10

£800,000 (£222.84/sq. ft)
Retail premises for sale 3,590 sq. ft*
Interested in this property? Call +44 24 7511 9995 * or Request Details

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Property features

  • Highly visible roadside investment
  • Rent between 3 occupiers of £61,500 pa
  • Net Initial Yield of 7.31% after purchasers costs of 5.19%
  • Future development potential
  • 35,000 traffic movements across the front of the site last year
  • Range of covenants and lease lengths.

Property description

Description

The property is a single storey building with brick elevations under a flat roof. The building is currently split into three units, a fitted restaurant diner unit to the left, a central unit containing retailer Sweet Treats Desert Parlour and the office for the Car Wash and the right hand unit containing Enterprise Hire Cars. There is substantial parking to the front, sides and rear for all units, with the whole site being highly visible from the A5.

Situation and Location

The site fronts on to the busy A5 route, linking the M69 and M42 at either end. Government statistics suggest there were 35,000 traffic movements across the frontage of this site in 2019. The site is positioned to the SOuth West of Hinckley Town Centre, to the north of Nuneaton Town and in easy reach of Coventry, Leicester and Birmingham city centres.

To be confirmed.

There is no service charge currently in place.

Viewing

Strictly by appointment with the agent Bromwich Hardy.

Legal Costs

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

Highly visible roadside investment

Rent between 3 occupiers of £61,500 pa

Net Initial Yield of 7.31% after purchasers costs of 5.19%

Future development potential

35,000 traffic movements across the front of the site last year

Range of covenants and lease lengths.

Tenure Comments

Enterprise Rent A Car - 15 years from October 2010 - £19,500 pa

Sweet Treats & Bubble Boyz - 15 years from December 2018 - £24,000 pa

Diner - Occupation from 1st April 2020 - £18,000 pa

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Bromwich Hardy, CV3 on +44 24 7511 9995 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bromwich Hardy, and do not constitute property particulars. Please contact Bromwich Hardy for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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