Summary - 22, THE BOROUGH LE10 1NL
2 bed 1 bath Commercial Property
Large freehold A3 premises with terrace and two‑bed apartment — immediate income or redevelopment potential..
- Freehold mixed‑use building in central Hinckley, prominent street frontage
- Large A3 layout: multiple dining areas, two bars, commercial kitchen
- First‑floor outside terrace and plentiful natural light
- Second‑floor two‑bedroom apartment with separate living kitchen
- Currently tenanted at £21,000pa; lease expires August 2024
- Area classified as deprived with very high local crime — higher operating risk
- Substantial floor area (c.1,980 sqft) offers redevelopment potential
- Likely need for refurbishment or reconfiguration for new operator/uses
A prominent, mixed‑use freehold on The Borough, Hinckley, offering a sizable A3 commercial unit over two trading floors plus a two‑bedroom residential apartment above. The ground and first floors provide multiple dining spaces, a bar, commercial kitchen and a first‑floor terrace, suited to continued hospitality use or conversion (subject to consents). The first‑floor terrace and large windows give good street presence and natural light.
Currently let at £21,000 per annum with the lease due to expire August 2024, the property provides immediate rental income but also an imminent re‑letting or vacant possession decision. The substantial internal area (c.1,980 sq ft) and flexible layout create scope for expansion, change of operator or reconfiguration, making it attractive to buyers seeking hands‑on asset management or redevelopment potential.
Location is a clear strength: central town‑centre siting on a busy parade near The Crescent retail and leisure complex, with excellent commuter links to Leicester and Birmingham. However, the surrounding area is classified as deprived with very high local crime rates; this will factor into operator risk, insurance costs and management requirements.
Practical considerations: the building retains a traditional brick façade and standard ceiling heights; internal condition appears serviceable for current use but will likely require investment for any change of use, modernisation or to meet new lease requirements. Buyers should note the lease expiry and tenancy status when assessing vacant possession, business continuity and income projections.
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