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Property For Sale

St Peters Street Hereford, HR1 2LA

HR1 2LA, St. Peters Street, Hereford, HR1, Hereford

Sale Price: £525,000

Listed 15 days ago and may not be available Listed on 2/18/2015

 2 St Nicholas Street Hereford
*When you call don't forget to mention Houser.co.uk

St Peters Street Hereford, HR1 2LA

Property Summary:

Property
-- Bed(s)
-- Bath(s)
interested in this property.
 

Property description

A Prime retail investment property let to Edinburgh Woolen Mill, a blue chip company. The annual income is £50,000 and there are circa 7 years remaining on the lease. Contact Arkwright Owens for more details....


LOCATION


Hereford is a small cathedral city located in Herefordshire, a rural county in the West Midlands. The city has a population of circa 56,000 people and 178,000 in the county as a whole. Hereford is located 48 miles from Birmingham; 25 miles of Worcester; Local Roads include: A49, A465, A438, M50; No. 5 St. Peter’s Street is located in the prime shopping area of Hereford at the juncture of St. Peter’s Street, in the newly refurbished and paved High Town area, next to The Old House Museum & Art Gallery, and the main Post Office.


 


POSITION


The Tenant is The Edinburgh Woollen Mill and it is situated in St. Peter’s Street in a pedestrianised area. Within High Town nearby: Marks & Spencer, New Look, Boots, W H Smith, HMV, Dorothy Perkins, Phase Eight, Laura Ashley, Starbucks and branches of the main banks and building societies.


 


DESCRIPTION


A Grade II Listed Georgian fronted brick building over four floors with sash windows and an elegant panelled front door with decorative fan light and portico porch. The Shop arranged on the ground, basement, first, second and attic floors.


 


ACCOMMODATION


Shop Frontage             29’6” (9m)


Shop Width                 37’ narrowing (11.2m)


Shop Depth                 62’ (18.9m)


Sales                            1,726 sq.ft (160 sq.m)


First Floor Stores        735 sq.ft (68.3 sq.ft)


Second Floor               unknown


 

























































































Floor



 



Accommodation



 



Net Internal Areas



 



 



 



 



 



Ground



 



Sales/Ancillary



 



149.56 sq.m (1,610 sq.ft)



 



 



 



 



 



Basement



 



Storage (Disused)



 



40.87 sq.m (440 sq.ft)



 



 



 



 



 



First



 



Ancillary



 



64.56 sq.m (695 sq.ft)



 



 



 



 



 



Second



 



Ancillary



 



64.56 sq.m (695 sq.ft)



 



 



 



 



 



Total Commercial Area



 



 



319.57 sq.m (3,440 sq.ft)



 



 



 



 



 



 


LEASE TERMS


Unexpired Term: Circa 7 years.


Term of Lease:            25 years from 22nd May 1995


Repair Basis:               Full Repairing and Insuring.


Rent:                           £50,000 per annum


Rent Review:              2015


Lease Expiry:              May 2020


 


GUIDE PRICE


£525,000, Subject to Contract


 


VAT


VAT is not applicable to this property.


 


ENERGY PERFORMANCE CERTIFICATE


Band C – More details available from the Joint Selling Agents.


 


COMPANY WEBSITE & ONE-STOP REPORT


 


TENANT


The Edinburgh Woollen Mill Limited (1)


 


(1)   Edinburgh Woollen Mill trade from about 255 High Street stores, together with a further 115 tourist destination stores throughout the UK. Edinburgh Woollen Mill Ltd for the year ending 02/11 reported pre-tax profit of £21.2 million and a net worth of £152 million.


 


PLANNING


The property known as 5 St. Peter’s Street is Grade 2 Listed.


 


BUSINESS RATES


The description is: Shop & Premises and the adopted Rateable Value is £51,500. The rates payable for 2013/14 is currently £23,785.50. BA Reference: 80004070005003.


 


JOINT SELLLING AGENTS


Arkwright Owens Chartered Surveyors are acting as a Joint Sole Agents in conjunction with Mr Clive Thomas FRICS of Clive Thomas & Co. Chartered Surveyors, 8 Walmer Courtyard, Holland Park, W11 4EY.


 


VIEWING


Viewings are strictly by appointment through Arkwright Owens, acting as the local agents: Telephone:  Office (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. 18 May 2013.

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Property Features :

  • Not Residential
  • 0 bedrooms