Commercial Property in Hinckley

37A, 39 and 41 Regent Street, Hinckley LE10 0BA
  • Lot No: 62
  • Property Type: Commercial Property
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £210,000+ plus fees

Result Sold at Auction £225,000

Property Description

An ideal investment opportunity comprising three ground floor commercial units located in a prime position fronting Regent Street, Hinkley, benefitting from on street parking opposite with current combined rent of £24,300 per annum. 37A Regent Street is occupied by a well-established hairdressers trading as Shortys. The unit has a trading floor with rear storage along with WC and is finished to a high standard internally. Current rent passing is £6,000 per annum. 39 Regent Street is a long established pizza takeaway trading as "Ponchinellos" The unit comprises a seating area to the front with a large commercial kitchen. To the rear is a separate storage area. Current rent passing is £10,500 per annum. 41 Regent Street is a bar/cafe fitted out to a high standard serving alcohol. Current rent passing is £7,800 per annum. We have not had sight of the leases in respect to this investment opportunity and advise interested parties to download the legal pack available on the SDL auctions website. The three properties occupy a prominent position within the heart of Hinkley Town Centre. The area is predominantly characterized by retail units both National and local with many up-market bars restaurants and cafes within the locality. The wider area has seen many new built residential properties making the area a hive of activity.

Draft Sales Details

These sales details are awaiting vendor approval.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 26th January 2023

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

If you have any questions, call our team on 0800 046 5454

Map

37A, 39 and 41 Regent Street, Hinckley LE10 0BA