The Works and Clintons, 24-26 Castle Street, Hinckley, LE10 1DB
Franck Steier Price has recently completed the sale of a two retail units in Hinckley behalf of CBRE Global Investors.
The property is prominently located in Hinckley’s prime retail pitch of Castle Street and comprises two retail units with ground floor sales and ancillary accommodation at first floor.
The property is let to The Works Stores Ltd and AG Retail Cards Ltd (t/a Clintons) with a WAULT to break of 5 years and 7.6 years to expiry.
The purchase price of £760,000 reflected a net initial yield of 8.33% after purchaser’s costs of 5.80%.
The purchaser was a private investor.