Retail property (high street) for sale

A ground floor shop in a prominent location in Ross on Wye High street

assignment of an existing lease rent is £11,500 per annum

LOCATION

The High Street is one of the best streets in Ross-on-Wye being at the top of the busy market town, with easy walking distance of the Market Hall, professional offices, and a mix of café’s, restaurants, and mixed independent retailers, within walking distance of pay & display car-parks and on-street car-parking. The shop benefits from passing traffic and is clearly visible on the corner of Church Street and High Street.

ACCOMMODATION

The retail area is on the ground floor only, with about 600 sq.ft of sales area with a glazed shop front with two tapered display areas and the glass front door. The main retail area opens into a larger room with stained glass windows at the rear and a door leads to refurbished WC and kitchen area. The sales areas are well lit and inviting with natural lighting.

AREAS

WINDOW DISPLAY AREA 2.7m x 0.8m av 2 sq.m

INNER DISPLAY AREA 1.8m x 0.5m 0.9 sq.m

MAIN SALES AREA 3.3m x 7.9m 26 sq.m

KITCHEN AREA 2.4m x 2.3m 5.5 sq.m

LOBBY 2.3m x 1.25 2.8 sq.m

WC

REAR SEATING AREA 4.7m x 3.6m 16.9 sq.m

ENCLOSED OFFICE 1.9m x 1.8m 3.4 sq.m 56 sq.m (602 sq.ft)

IMPROVEMENTS

The shop has been re-fitted & improved including new flooring, new lighting, new WC, a new kitchen area, internet & phone connection and redecoration. The main shop has a new shop alarm & CCTV. The tenant is wanting a premium of £15,000 to reimburse themselves for the improvements, even though the cost exceed this amount.

RENTAL VALUE

The passing rent is £11,500 per year exclusive.

EXISTING LEASE

The original lease was for a term of 5 years from 16th November 2023, is being offered for assignment for the remaining term of 3.25 years. The Landlord may consider offering to grant a new 5 year lease, by negotiation with the existing lease holder.

ENERGY PERFORMANCE CERTIFICATE

BAND C[use Contact Agent Button]-84-18-3641 - (Valid until 14/01/2033)

BUSINESS RATES

The local charging Authority is Herefordshire Council and the property has been assessed for rating purposes as having a Rateable Value of £ 7,900. The Uniform Business Rate is currently 55p or 49.9p for small business relief and any occupier should make their own enquiries to the Business Rates Department of Herefordshire Council: Tel[use Contact Agent Button].

LEGAL COSTS

Each party to pay their own costs.

VAT

The property rent does not include VAT.

VIEWINGS

Viewings are strictly by appointment through local agents Arkwright Owens, telephone [use Contact Agent Button] or Julian Owens[use Contact Agent Button] or [use Contact Agent Button]

AGENTS NOTE

These particulars are prepared for the guidance only of prospective purchasers. They are intended to give a fair and overall description of the property and do not constitute the whole or any part of an offer or contract. Any information contained herein (whether in text, plans or photographs), is given in good faith but should not be relied upon as being a statement or representation of fact.. Arkwright Owens has not tested apparatus, equipment, fittings, or services and so cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor. The photograph may have been taken with the use of a wide-angle or zoom lens. All room sizes are approximate and if measured into a recess then this is indicated. The property is sold in the aforegoing particulars. Any item not mentioned herein is specifically excluded. 29/07/25 JTJ0