Regent Street, Hinckley

The subject property comprises a longstanding long-leasehold hotel and public house business in the heart of Hinckley town centre. The business has been traded by the current owners since 2000 and the offering includes hotel accommodation, with 11no. Letting Bedrooms (2no. Ensuite), 1no. Studio Flat and 3no. One Bedroom Flats (including a Manager's Flat), and a public house, with two bars on the ground and first floors, with Kitchen and Function Room facilities and ancillary office and storage accommodation. There is ample car parking available to the rear of the property, accessed from Trinity Lane. Please note that the ground floor retail units, fronting Regent Street, are in different ownership and are therefore not included within the sale.

The property is located on Regent Street, a secondary parade within Hinckley town centre. The surrounding area comprises predominantly retail/leisure uses, with nearby occupiers including Papa John's Pizza, Ponchinellos Pizzeria, Scope, LA Nails & Beauty Spa and a variety of other predominantly independent retailers. Hinckley's recent retail/leisure development 'The Crescent' is 150m from the property with tenants including Cineworld, Sainsbury's, TK Maxx, Poundland, Loungers, Prezzo and Wildwood.

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. Hinckley railway station provides regular commuter services to Birmingham New Street and Leicester.

We understand all mains services are connected to the subject property.

We are advised the property is held long leasehold for a period of 999 years from 10 December 1993 at a peppercorn rental.

Auction Details:

Guide Price £475,000+ plus fees

The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.

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 auctioneers fee apply:

10% deposit (subject to a minimum of £5,000)

Buyers Fee of 1.5% of the purchase price inc. VAT

The Buyers 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 Price:

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.

Each party to bear their own legal costs.

EPC Rating - C(70)