Available
Hinckley – Corner Building with Development Potential
38 Station Road, Hinckley, Leicestershire LE10 1APFreehold Vacant Corner Building with Development Potential
Price
£250,000
Rent P.A.
Vacant
Tenure
Freehold
Area
936 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- ERV: £25,000 p.a. GIY: 10.00%
- Comprises detached single-storey commercial building on a corner plot of 0.10 acres
- Benefits from car park for 4-6 cars to the side
- Residential development potential to convert into single or multiple residential dwellings, subject to obtaining the necessary consents
- Located within 0.2 miles from Hinckley Train Station with occupiers nearby including a number of local retailers serving a predominantly residential area
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises vacant commercial building on a corner plot (0.10 acres). The property benefits from 4-6 car parking spaces to the side and provides the following accommodation and dimensions:
Ground Floor: 87 sq m (936 sq ft)
Reception, 5 rooms, staff rooms, kitchenette, wc
Residential development potential to convert into single/multiple residential dwellings or developing a multi storey residential block, subject to obtaining the necessary consents. Situated in predominantly residential area with multiple 2/3 storey residential blocks situated opposite the property (No. 39 & 40 Station Road)
Ground Floor: 87 sq m (936 sq ft)
Reception, 5 rooms, staff rooms, kitchenette, wc
Residential development potential to convert into single/multiple residential dwellings or developing a multi storey residential block, subject to obtaining the necessary consents. Situated in predominantly residential area with multiple 2/3 storey residential blocks situated opposite the property (No. 39 & 40 Station Road)
Location Description
Hinckley is an attractive town located 12 miles south-west of Leicester and 4 miles northeast of Nuneaton. The town is in close proximity to the M69 Motorway (Junction 1), which runs between the M1 and the M6, approximately two miles to the south and the A5, which also connects with the M42 Motorway two miles to the west. The property is located within 0.2 miles from Hinckley Train Station with occupiers nearby including a number of local retailers serving a predominantly residential area