Aubrey Street, Hereford
£550,000
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Property Summary

***Investment Property ***


An opportunity to purchase a Freehold Office block with existing income stream



The Offices are located in central Hereford just off King Street with solicitors estate agents and cafes nearby

In the 1980’s The Hereford Times Newspaper was produced at 26-28 Aubrey Street, then a firm of solicitors occupied the whole building and from January 2005 then sold to Dealistic Ltd which occupies a suite of offices on the second floor and the other suites are let out as offices with two ground floor retail units for investment income potentially circa £47,000 and rising to £56,000 after 14 months.









CAT 6 data cabling,
CAT 2 lighting,
Key fob door locking mechanisms per suite.
Security Alarm.




Each suite is capable of having its own data cabling intranet and internal telephone system, so tenants do not have to rent or buy a telephone system. The Landlord re-charges the tenants for costs such as central heating, water and drainage.



Business Rates INformation:


Ground Floor 28 Aubrey Street, Hereford Offices & Premises 83.1 sq.m RV £4,800



26-27 Aubrey Street, Hereford Hairdressing Salon and premises 76.5 sq.m RV £9,000



Unit 1, at 26-28 Aubrey Street, Hereford Offices & Premises 46.6 sq.m RV £5,100



Unit 2, at 26-28 Aubrey Street, Hereford Offices & Premises 56.4 sq.m RV £5,900



Unit 3, at 26-28 Aubrey Street, Hereford Offices & Premises 96.9 sq.m RV £10,000



Unit 4, at 26-28 Aubrey Street, Hereford Offices & Premises 59.6 sq.m RV £4,650



Unit 5, at 26-28 Aubrey Street, Hereford Offices & Premises 55.6 sq.m RV £4,350




Business Rates: For further information contact Julie at Herefordshire Business Rates Team 01432 260000




CAR-PARKING



There is no car-parking included with the freehold building. In the past Tenants have found their own car-parking spaces within walking distance of NCP car parks or Private non-allocated parking off-Berrington Street.





VAT

The Building is Opt to Tax and therefore VAT is payable on the purchase price and VAT is chargeable on all income.




SCHEDULE OF ACCOMMODATION



Suites





Sq.m Sq.ft

Unit 1

Office & Premises 46.6 501



Unit 2

Office & Premises 56.4 606



Unit 3

Office & Premises 96.9 1042



Unit 4

Office & Premises 15.3 164



Unit 5

Office & Premises 55.6 598



Shop 1

Office & Premises 83.1 894



Shop 2&3

Retail A1 76.5 823



Total 430.4 4628




EPC – D Rating – 9954-3010-0213-0990-8801 – Valid Unit 2029



Full Price = £550,000 plus v.a.t.



SUB AGENT of Arkwright Owens Chartered Surveyors
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