Property for sale
Property description & features
- An investment property in Hereford city centre
- Let to Age UK a national charity
- Initial income of 25k per annum
- For sale freehold subject to the leasehold interest
The Situation: Commercial Street links to High Town in thepedestrianized centre of the City. Other retailerswithin Commercial Street are J D Sports, I Phone,Body Shop, Burger King, McDonalds, Toni & Guy,Nationwide, Halifax, Sports Direct, Flannels, TheWorks Books, Mother Natures Goodies, Waterstones,The Entertainer, Greggs and Maylord CentreShopping Centre.
Mains water & drainage, electricity, and airconditioning for heating and cooling.
The property is a Listed Building.
The property description is “Shop & Premises” andthe rateable value is £24,250 (1st April 2023).
Lease Terms: Tenant is Age UK Worcester & Malvern Hills. They have sevenshops across the region for more than 10 years.Accounts and references available upon request. 6 years and 363 days up to and including 8th August2030. 10th August 2023 to 10th August 2026 at £25,000, 11th August 2026 to 10th August 2028 at £28,000. Upwards only rent review: 11th August 2028. Break clause: 11th August 2028.
Main Sales Area - 23' 0'' x 28' 3'' (7m x 8.6m)
Air Conditioning Unit
Rear Stock Room - 20' 4'' x 16' 1'' (6.2m x 4.9m)
Currently with recessed display area and wrap around stock round. Electricity distribution panel. Step into corridor:
Corridor - 12' 2'' x 5' 3'' (3.7m x 1.6m)
Fire door access to fire escape.
Staircase to first floor
Windows to both sides providing good natural light. Fire access to flat roof.
Landing - 9' 2'' x 9' 2'' (2.8m x 2.8m)
Carpeting room.
Single WC
Low level WC, wash hand basin, with hand drier.
Stock Room - 12' 10'' x 19' 4'' (3.9m x 5.9m)
Lobby To Staircase To Second Floor - 6' 7'' x 9' 6'' (2m x 2.9m)
Landing - 6' 7'' x 4' 3'' (2m x 1.3m)
With access to roof space.
Store Room - 5' 7'' x 5' 7'' (1.7m x 1.7m)
Wall heater, smoke alarm.
Single WC
With low level WC, wash hand basin, pendant light.
Kitchenette - 8' 6'' x 7' 7'' (2.6m x 2.3m)
Stainless steel sink and draining board, Ariston independent water heater within cupboard. Timber casement window with view of St. Peter's Church and St. Peter's Close. Flourescent strip light.
Stock Room - 19' 0'' x 12' 10'' (5.8m x 3.9m)
Ceiling lighting.
Lobby Side Room - 5' 7'' x 5' 7'' (1.7m x 1.7m)
Tenure: Freehold
Places of interest
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Property reference 12286881. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Williams Estate Agents - Hereford.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
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Energy Performance data and Internal floor area
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