Office in Hinckley
Second Floor Offices, 1 - 9 Castle Street, Hinckley LE10 1DA
- Lot No: 156
- Property Type: Office
- Contract Type: Unconditional with Variable Fee
Guide Price* £260,000+ plus fees
Result Sold Prior to Auction
Property Description
An investment opportunity located along Castle Street currently producing £29,000 pa income from 4 tenants on the second floor of a three-storey building. The property comprises a 1970s three storey building with retail to the ground floor, offices to first and second and apartments to the third floors. The lot includes 4 offices on the second floor (the whole floor) on a 999 lease. Circa 7,632 sq. ft. of office space in total. Suite 4: Open plan office area with 7 partitioned off offices. Kitchen, male female WC, disabled WC. GIA 2995 sq. ft. approx. Suite 5a (1) Open plan office area with partitioned office rear access to fire escape. GIA 1313 sq. ft. approx. Suite 5a (2) L shaped open plan office with partitioned off male/female WCs. GIA 1797 sq. ft. approx. Suite 5b 2 partitioned off offices, open plan L shaped office area, kitchen with rear fire escape. Communal cloaks and WCs (at the ground floor) GIA 1527 sq. ft. Interested parties are advised to inspect the legal pack for lease details. The property is situated fronting Castle Street which is the main pedestrianised shopping Steet in Hinckley with the area being predominantly retail with some office use. The property also fronts Market Place and has rear access to a private car park, accessed from Church Walk. Hinckley itself has good communication links northwards via the A5 to Tamworth and the M42, Southwards via the A5 to Rugby, Daventry and Northampton, eastwards via the M69 to Leicester and Westwards to Coventry and the M6. Hinkley railway station is 1/2 mile away.
Leasehold Information
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Draft Sales Details
These sales details are awaiting vendor approval.
Tenure
Leasehold
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
Auction Details
Date 25th April 2024
Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
Lot Information
Contact Us
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