Summary - 5 THE BOROUGH HINCKLEY LE10 1NL
1 bed 1 bath Mixed Use
High-yield tenanted investment in a central location with refurbishment upside.
Generates £80,800 per year in rental income
This mixed-use freehold at 5 The Borough, Hinckley, offers immediate rental income from a ground-floor café/restaurant and upper-floor residential accommodation currently run as an HMO. The unit is fully tenanted and produces £80,800 per annum, which equates to an approximate 16.2% gross yield against the advertised guide price of £500,000 if that price is achieved. Broadband speeds and mobile signal are strong, supporting both commercial and residential occupiers.
The building is a three‑storey Victorian property with character features and a dated façade; the commercial space features high ceilings and exposed beams while the restaurant layout and residential HMO present straightforward operational income. The lot is being offered for auction and is presented to attract investor buyers seeking immediate cashflow and future upside through refurbishment, reconfiguration or rent growth.
Buyers should note material negatives: the property sits in a deprived area with very high local crime statistics, and the plot is small. It will be sold at auction and occupied by tenants, which restricts vacant possession and may require legal or management transition. The building appears to need cosmetic and possibly refurbishment works to maximise value.
Overall, this is a cashflow-first investment for purchasers willing to manage tenancy arrangements and preventative measures linked to a high-crime locality. The combination of strong current rent, central location and character fabric offers scope to increase value with targeted investment and active asset management.
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