Commercial Street, Hereford, HR1 2DJ
£400,000
Property 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
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Floorplan
Details
Floorplan
Details
Property 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
Property Summary
The Property: The premises are arranged over ground, first and
second floors.
The Situation: Commercial Street links to High Town in the
pedestrianized centre of the City. Other retailers
within Commercial Street are J D Sports, I Phone,
Body Shop, Burger King, McDonalds, Toni & Guy,
Nationwide, Halifax, Sports Direct, Flannels, The
Works Books, Mother Natures Goodies, Waterstones,
The Entertainer, Greggs and Maylord Centre
Shopping Centre.
Mains water & drainage, electricity, and air
conditioning for heating and cooling.
The property is a Listed Building.
the rateable value is £24,250 (1st April 2023).
Lease Terms: Tenant is Age UK Worcester & Malvern Hills. They have seven
shops across the region for more than 10 years.
Accounts and references available upon request. 6 years and 363 days up to and including 8th August
2030. 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.
second floors.
The Situation: Commercial Street links to High Town in the
pedestrianized centre of the City. Other retailers
within Commercial Street are J D Sports, I Phone,
Body Shop, Burger King, McDonalds, Toni & Guy,
Nationwide, Halifax, Sports Direct, Flannels, The
Works Books, Mother Natures Goodies, Waterstones,
The Entertainer, Greggs and Maylord Centre
Shopping Centre.
Mains water & drainage, electricity, and air
conditioning for heating and cooling.
The property is a Listed Building.
the rateable value is £24,250 (1st April 2023).
Lease Terms: Tenant is Age UK Worcester & Malvern Hills. They have seven
shops across the region for more than 10 years.
Accounts and references available upon request. 6 years and 363 days up to and including 8th August
2030. 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.
