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80 Castle St 1,542 SF Retail Building Hinckley LE10 1DD $367,039 ($238.03/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Prominently situated on the pedestrianised Castle Street in Hinckley town centre
- A small yard with a bin store
- Comprises mid-terrace restaurant premises, arranged over three floors
EXECUTIVE SUMMARY
The lease is for a period of 20 years from 10 May 2024 at a passing rent of £20,000 per annum exclusive. There is a 3 yearly rent review pattern to the greater of passing rent and open market rental value, along with 3 yearly tenant break options. The lease is drawn on full repairing and insuring (FRI) terms.
PROPERTY FACTS
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
The subject property comprises mid-terrace restaurant premises, arranged over three floors, prominently situated on the pedestrianised Castle Street in Hinckley town centre. Internally, the property comprises a ground floor bar and seating area, with a dining area and the main kitchen and stores to the rear. At first floor, there are further dining and bar areas with an attractive sun terrace to the rear. At second floor, there are male and female toilets, a store room and an office.
| Space | Size | Space Use | Position | Available |
| Ground | 1,542 SF | Restaurant | In-Line | Now |
Ground
| Size |
| 1,542 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
Ground
| Size | 1,542 SF |
| Space Use | Restaurant |
| Position | In-Line |
| Available | Now |
The subject property comprises mid-terrace restaurant premises, arranged over three floors, prominently situated on the pedestrianised Castle Street in Hinckley town centre. Internally, the property comprises a ground floor bar and seating area, with a dining area and the main kitchen and stores to the rear. At first floor, there are further dining and bar areas with an attractive sun terrace to the rear. At second floor, there are male and female toilets, a store room and an office.
NEARBY MAJOR RETAILERS
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80 Castle St
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