Prime pedestrianised retailing position in historic cathedral city
Nearby occupiers include WH Smith, Holland & Barrett, Costa Coffee, Boots the Chemist and Three Mobile
Residential potential (subject to consents)
Lot 10
Auction 5th December 2018
Rent £170,000 per Annum Exclusive
Status Sold
Price £950,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of a Major Fund Manager
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 prominently situated in a prime position on the north side of pedestrianised High Town, in the heart of the city centre. Nearby occupiers include WH Smith, Holland & Barrett, Costa Coffee, Boots the Chemist and Three. Every Wednesday and Saturday, Hereford’s retail market trades directly outside the property, further enhancing footfall.
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 prominently situated in a prime position on the north side of pedestrianised High Town, in the heart of the city centre. Nearby occupiers include WH Smith, Holland & Barrett, Costa Coffee, Boots the Chemist and Three. Every Wednesday and Saturday, Hereford’s retail market trades directly outside the property, further enhancing footfall.
Tenure
Freehold.
Description
The property comprises a double fronted ground floor retail unit with first floor ancillary accommodation. The second and third floors provide further ancillary space and are currently unused by the tenant. We understand there is a basement which is currently inaccessible. Part of the property is Grade II listed
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a double fronted ground floor retail unit with first floor ancillary accommodation. The second and third floors provide further ancillary space and are currently unused by the tenant. We understand there is a basement which is currently inaccessible. Part of the property is Grade II listed
VAT
VAT is applicable to this lot.
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
Reversion
Ground First Second Third Basement
Retail Ancillary Ancillary Ancillary Not inspected
25 years from 24/06/1996 on a full repairing and insuring lease (2)
£170,000
23/06/2021
Total
564.49 sq m
(6,076 sq ft)
£170,000
(1) Monsoon opened its first store in 1973 and now has more than 1,000 Monsoon Accessorize stores all over the world (Source: uk.monsoon.co.uk 19/09/2018). (2) The second and third floors are subject to a schedule of condition.
Contacts
Seller's Solicitors
Hamlins LLP Roxburghe House, 273-287 Regent Street London W1B 2AD
