Property description

£595,000 for freehold shop or £50,000 per annum rent. Ground floor sales : 101 sq metres / 1094 sq ft. Storage in basement & three upper floors

DESCRIPTION

A Prime shop unit in High Town Hereford, formerly two independent properties namely 2 & 3 High Town, with two internal staircases providing extensive upper storage and rear fire access.

LOCATION

Hereford is a Cathedral City with a population of 54,000 people and is 24 miles south west of Worcester and 23 miles north west of Gloucester.

SITUATION

The property is situated in a busy pedestrianized trading location adjoining East and is opposite Marks & Spencer.

Other nearby occupiers include New Look, WH Smith, Monsoon, H Samuel and Boots.

FOR SALE OR TO LET ON LEASE

The property is available by way of a new 10 years lease full repairing and insuring lease subject to 5 yearly upwards only rent reviews.

RENTAL/FOR SALE

Offers are invited in the region of £55,000 per annum exclusive of rates and VAT. The building is also available to purchase, freehold – £690,000 with vacant possession on completion.

ACCOMMODATION

SHOP INTERNAL WIDTH                7.97m (26 ft 2”)

SHOP DEPTH                        18.29m (60 ft)

GROUND FLOOR SALES                 101.63 sq.m (1094 sq.ft)

FIRST FLOOR STORAGE                 52.02 sq.m (560 sq.ft)

SECOND FLOOR STORAGE            64.1 sq.m (690 sq.ft)

THIRD FLOOR STORAGE               64.1 sq.m (690 sq.ft)

CELLAR

Unused. Access from main shop area.

BUSINESS RATES                          

The existing Landlord has made a Rating Appeal on the current Rateable Value (2010) £79,000.

Rates Payable (2013/14) £37,209.

LEGAL COSTS

Each party to be responsible for their own costs.

VIEWINGS

Viewings are strictly by appointment through local agents Arkwright Owens, acting as Joint sole agents with sole selling rights-  Telephone  (01432) 267213 or Julian Owens 07855 744821. 

AGENTS NOTE

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. Offers made on a subject to contract basis only. Aug 14 JTJO

Property Features :

• Not Residential
• 0 bedrooms