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    Key features

    • Of interest to investors and developers
    • Freehold Public House/Nightclub and site with Planning Permission granted for 44 apartments
    • No Section 106/affordable housing provision
    • Substantial building currently comprising approximately 3,344.81 sq m (36,000 sq ft)
    • Existing 5 bedroom apartment above public house/restaurant
    • Potential for 4 further apartments above The Bounty (subject to planning)
    • Includes successful nightclub currently operating
    • Vacant

    Description

    The property comprises a substantial public house (The Bounty), with existing 5 bedroom managers flat above and nightclub (Club LE10), currently generating a robust revenue stream of over £650,000 per annum, which benefits from planning permission for 44 flats (30 x 2 bedrooms, 12 x 1 bedroom, 2 x 3 bedroom pent house with 32 x on site parking).

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note the approximate areas have been provided by the VOA/Vendor and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.


    Proposed Accommodation:


    Tenancy

    Vacant Possession on Completion.

    Planning

    The property benefits from planning permission granted in November 2021 (Ref: 20/01317/FUL) for Conversion, extension and alterations, including part demolition, of buildings to form 44 apartments (30 x 2 bedrooms, 12 x 1 bedroom, 2 x 3 bedroom penthouse), associated parking and access. There is no Section 106/Affordable housing provision. For further information please contact Leicester City Council Planning (https://planning.leicester.gov.uk/Search/Results).

    Rent

    Vacant

    Notes

    Please note that for 18 Market Place, Hinckley LE10 1NT, the seller has opted to tax.


    The purchase price of the Lot will be apportioned on completion and a portion will be subject to VAT. This will be confirmed with the successful bidders’ solicitors once the purchase price is known. 

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Hinckley is approximately 12 miles north-east of Coventry and 13 miles south-west of Leicester. The property is located in central Hinckley and fronts both Market Place and The Horsefair.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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