Newton Road, Hinckley

We understand that the property comprises detached industrial premises, which we assume are constructed of a steel frame, surmounted by a pitched asbestos sheet roof and with brick and blockwork elevations.

Due to the fire damage, we have been unable to inspect the property externally or internally and have relied on online mapping software to calculate Gross Internal Area for the subject property of approximately 3,148 sq ft (292.5 sq m).

The site area of the property is in the order of 800 sq yards (0.17 acres).

The subject property is located on the Harrowbrook Industrial Estate in Hinckley, specifically occupying a site at the end of Newton Road. The surrounding area consists of other industrial and commercial occupiers, with a variety of different units on the estate, both in terms of size and type. The Harrowbrook Industrial Estate is accessed from Coventry Road, which in turn leads to both Hinckley town centre, approximately 2 miles to the east, together with the A5 which lies to the west of the town (approximately 150m from the entrance to the Estate).

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, being located on the south eastern fringe of the conurbation approximately 2 miles from the town centre.

While mains electric is available, it was disconnected at the boundary following the fire. We assume mains water and drainage will be available to the property.

The property is available on a long leasehold basis, on a new 125 year lease with 5 yearly upward only rent review provisions, at a guide price of £75,000. Proposed ground rent £7,333.33 per annum.

As a condition of the purchase, the purchaser will be required to reinstate the property to a usable condition.

Each party to bear their own legal costs.

Not required.