The subject property comprises an industrial facility incorporating a residential dwelling house, Hollybush House, currently providing four bedsit rooms. The industrial premises themselves are principally constructed of brick and are arranged over one and two storeys, being surmounted by a combination of roofing systems including north light, pitched and asbestos clad and also flat roofing systems. The Annex, which adjoins the main building, is constructed of corrugated tin. Hollybush House appears to be constructed of solid brickwork, the whole being surmounted by a pitched tiled roof.
Mistral House comprises in principal an area of industrial work space together with a factory shop and some works offices and WCs to the ground floor. At first floor level there are further industrial areas together with executive and general offices.
Hollybush House is let as bedsits with four letting rooms sharing kitchen and bathroom facilities.
( Agency Pilot Software ref: 51844 )
Location
Mistral House is situated on Parsons Lane which runs from London Road, close to the junction with Park Road, on the fringe of Hinckley town centre. The Nuneaton to Peterborough railway line runs to the rear of the property. Hinckley is a market town with a population in the order of 55,000 (Local Authority 112,000) lying approximately 13 miles to the south west of Leicester. The town enjoys good motorway communications with Junction 1 of the M69 Motorway being located on the south eastern fringe of the conurbation approximately 2 miles from the town centre.
Accommodation
11,269 sq ft (1,047 sq m)
Terms
SERVICES We understand mains electricity and water are connected to the subject property. There is a cesspit for drainage shared with the adjacent property. Heating is by way of an oil fired heating system and there is a sprinkler system in situ.
TENURE The freehold interest in the subject property is available, subject to the occupational agreements currently in place, at an asking price of £600,000. We are advised the passing rent is £31,300 per annum, being £13,100 per annum for the residential parts (bedsits) and £18,200 per annum for the industrial areas.
LEGAL COSTS Each party to bear their own legal costs.
ENERGY PERFORMANCE CERTIFICATE Annex - E(117) Hollybush House - E(45) Mistral House - to be confirmed
Specification
- Fringe of town centre location
- Redevelopment potential (subject to planning permission)
- Four bedroom fully let bedsits generating £13,100 pa
- Passing rent of £18,200 per annum for occupied commercial areas