Freehold mixed retail/office investment with conversion upside on Regent Street..
- Prominent Regent Street town-centre frontage and strong pedestrian footfall
- Freehold three-storey retail/office block, total approx. 9,075 sq ft
- Passing rent £66,180 pa; estimated rental value £76,380 pa (reversionary upside)
- Upper floors have residential conversion potential (subject to planning)
- Established tenant mix across multiple ground-floor retail units
- Located in a deprived area with very high recorded crime rates
- Mid-20th-century building likely requires refurbishment and modernisation
- Potential increased insurance/operational costs due to location and use
A substantial three-storey brick and glazed retail/office block occupying a prominent position on Regent Street in Hinckley town centre. The property comprises three ground-floor retail units, an office/drivers room and a mix of first- and second-floor office suites, producing a current passing rent of £66,180 pa against an estimated rental value of £76,380 pa.
This freehold asset offers clear income and asset-management upside: established tenant mix, strong pedestrian frontage and scope to increase rental return. The upper floors also have potential for residential conversion, subject to planning permission — a route that could materially increase overall value given town-centre demand.
Buyers should note several material considerations. The area is classified as deprived with very high local crime rates, which may affect tenant demand and insurance costs. The building is mid-20th-century in style and will likely require refurbishment to modernise upper floors or comply with residential conversion standards. Passing rent is below estimated rental value, indicating reversionary potential but also possible void/letting work.
This opportunity suits investors or developers targeting town-centre mixed-use redevelopment or value-add income plays. Due diligence recommended on condition, services, planning feasibility for residential conversion, and running costs given the town-centre setting.