Warwick House, 1092 Watling Street, Hinckley, LE10 3ED

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 and Bubble Boyz - 15 years from December 2018 - £24,000 pa
Diner - Occupation from 1st April 2020 - £18,000 pa
( Agency Pilot Software Ref: 1741 )