From
£1,550,000
Mobile/park home for saleMarket Place, Hinckley LE10
Auction
About this property
Of interest to investors and developers
Freehold Public House/Nightclub and site with Planning Permission granted for 44 apartments
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
Strapline
Auction Sale - 19/03/2024
Of interest to investors and developers
Freehold Public House/Nightclub and site with Planning Permission granted for 44 apartments
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).
Location
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.
Tenancy
Vacant Possession on Completion.
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:
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. For further information please contact Leicester City Council Planning ().
Auction Sale - 19/03/2024
Of interest to investors and developers
Freehold Public House/Nightclub and site with Planning Permission granted for 44 apartments
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).
Location
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.
Tenancy
Vacant Possession on Completion.
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:
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. For further information please contact Leicester City Council Planning ().
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