Summary - 9, CASTLE STREET LE10 1DA
1 bed 1 bath Retail Property (high street)
Income-producing town-centre retail unit with short-term secure rent.
Prime pedestrianised Castle Street pitch adjacent to national retailers
Passing rent £19,500 per annum; income currently in place
NIA 903 sq ft (84 sq m) — suitable for café, takeaway or retail
EPC rating B — energy efficient for a town-centre unit
Lease until July 2033 with no breaks (approx. 8 years remaining)
Short lease likely restricts mortgage lending; cash buyers or specialist finance preferred
Off-street car park to rear; sliding door frontage and pavement seating
Electric heating/room heaters and basic fit-out; potential refurbishment needed
A prominent ground-floor retail unit on the pedestrianised Castle Street, positioned in Hinckley’s prime high-street pitch next to national retailers. The unit extends to 903 sq ft (NIA) with a glazed frontage, awning and pavement seating — well suited to café, takeaway or boutique retail uses. The property benefits from an EPC B and a current passing rent of £19,500 pax, providing immediate income for an investor buyer.
The lease runs to July 2033 with no tenant break, so income is secured short-term. However only c.8 years remain on the lease — many mortgage lenders restrict lending on short leases, so buyers should expect limited finance options or need to use cash. The building has basic electric heating and room heaters, a suspended ceiling and laminate flooring; the fit-out is serviceable but may require upgrade depending on future use.
There is off-street parking to the rear and good mobile and broadband connectivity, supporting a town-centre operator. The unit sits within a busy, accessible shopping area with strong footfall potential, but the wider locality records higher crime rates and pockets of deprivation, which should be considered when assessing yield and tenant profile.
For an investor focused on secured income or a hands-on buyer seeking to refurbish and re-let, this provides a centrally located, income-producing opportunity. Buyers reliant on standard mortgage finance should obtain lender confirmation before committing due to the short lease term.
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