56 Commercial Street Hereford Herefordshire HR1 2DJ

  • 56 Commercial Street<br>Hereford<br>Herefordshire<br>HR1 2DJ

56 Commercial Street
Hereford
Herefordshire
HR1 2DJ

Freehold Retail Investment

  • Let to Beaconsfield Footwear Limited (t/a Hotter Shoes)
  • 2017 tenant break option removed
  • Re-based rent
  • Nearby retailers include Marks & Spencer, Sports Direct, WH Smith, Lakeland, Starbucks and Costa
  • Prominent pedestrianised City Centre location opposite Maylord Shopping Centre
  • Lot
    65
  • Auction
    19th October 2017
  • Rent
    £42,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £484,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail Investment

  • Let to Beaconsfield Footwear Limited (t/a Hotter Shoes)
  • 2017 tenant break option removed
  • Re-based rent
  • Nearby retailers include Marks & Spencer, Sports Direct, WH Smith, Lakeland, Starbucks and Costa
  • Prominent pedestrianised City Centre location opposite Maylord Shopping Centre
  • Lot 65
  • Auction 19th October 2017
  • Rent £42,000 per Annum Exclusive
  • Status Sold
  • Price £484,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
25 miles south-west of Worcester, 65 miles south-west of Birmingham
Roads
A49, A438, M5, M50
Rail
Hereford Railway Station
Air
Birmingham Airport
Situation

The property is situated in a highly prominent location on the southern side of the pedestrianised section of Commercial Street, close to its junction with High Town and St Peter’s Street and directly opposite the main entrance to The Maylord Shopping Centre. Nearby occupiers include Marks & Spencer, Boots the Chemist, WH Smith, Costa, Starbucks, Waterstones and Lakeland.

Tenure

Freehold.

Location
Miles
25 miles south-west of Worcester, 65 miles south-west of Birmingham
Roads
A49, A438, M5, M50
Rail
Hereford Railway Station
Air
Birmingham Airport
Situation

The property is situated in a highly prominent location on the southern side of the pedestrianised section of Commercial Street, close to its junction with High Town and St Peter’s Street and directly opposite the main entrance to The Maylord Shopping Centre. Nearby occupiers include Marks & Spencer, Boots the Chemist, WH Smith, Costa, Starbucks, Waterstones and Lakeland.

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor shop with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x
Ground
First
Second		 Retail
Ancillary
Ancillary
62.02 sq m
39.52 sq m
37.80 sq m
(668 sq ft)
(425 sq ft)
(407 sq ft)
 BEACONSFIELD
FOOTWEAR
LIMITED
t/a Hotter Shoes (1)		 10 years from 09/10/2012
until 08/10/2022 on a full
repairing and insuring lease		 £42,000
Total
139.34 sq m
(1,500 sq ft)
     £42,000

(1) Founded in 1959, Hotter Shoes are now the largest shoes manufacturer in the UK, producing 2.2 million pairs of shoes last year and operating from about 85 stores nationwide. For the year ending 31st January 2016, Beaconsfield Footwear Limited reported a turnover of £101,330,000, pre-tax profits of £3,425,000 and a total net worth of £33,508,000 (Sources: www.hotter.com and Experian Group 18/09/2017).

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Wall James Chappell 15 - 23 Hagley Road
Stourbridge
West Midlands
DY8 1QW
Ruth Latham 01384 371 622r.latham@wjclaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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