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No longer on the market

This property is no longer on the market

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Retail property (high street)

Retail property (high street)
Added > 14 days

Features and description

  • Virtual freehold city centre retail investment
  • Pedestrianised retail pitch close to multiples
  • Comprises a recently refurbished retail unit
  • Producing £15,000 per annum (with RPI linked rent reviews)
  • Online Auction on Wednesday, 26 May 2021

A recently refurbished ground floor retail unit within a terraced building of traditional construction. The unit totals approximately 72.07 sq m (775 sq ft) and benefits from a new shop front, kitchen, toilet facilities and an air conditioning system. The upper floors comprise refurbished residential accommodation over first and second floors, which are not included in the sale.


Location:

Hereford is a cathedral city lying approximately 24 miles south west of Worcester and 28 miles north west of Gloucester. It is situated at the junction of the A49, A465 and A438 with the latter providing access to the M50 motorway at junction 2. Hereford railway station lies less than half a mile to the north east of the property providing regional rail links as well as regular direct services to London Paddington and Birmingham New Street.

Commercial Street is one of the principal shopping thoroughfares in the city centre running north east from the junction of High Town and St Peter's Street. The property commands a prominent position on the south side of the street near its junction with Blue School Street/Bath Street (A438). Nearby occupiers include British Heart Foundation, Waterstones, McDonalds, Halifax and Greggs.


Online Auction on Wednesday, 26 May 2021. For further information, such as legal documents and property information, please visit bidx1.com.
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About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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