12 Bridge Street, Hereford, Hereford, Herefordshire, HR4 9BQ

£16,500

Guide price

Due to Business Relocation - ground floor retail shop - circa 1300 sq ft

available on a lease or to purchase at £210,000

DUE TO BUSINESS RELOCATION

LOCATION

Bridge Street is parallel to the A49 Victoria Street, and within the central business district close to Broad Street, Aubrey Street, Berrington Street where there are many small businesses around the Cathedral Close and Broad Street. There is a one way traffic system and a number of private permit car parks and Herefordshire Council car parks. Immediately, adjacent to Bridge Street is The Left Bank mixed use development with bars and restaurants and is used as a Venue for public and private functions.

DESCRIPTION

A ground floor retail unit, forming part of the mixed use redevelopment scheme of apartments and a retail premises, which consists of a steel framed building of steel and concrete with a timber shop front and double glazed windows providing natural light to the shop and a timber panelled door with direct access onto Bridge Street. There is a substantial retail area in a rectangle shape with a kitchen with sideboard and independent electric water cistern system providing hot water for the sink. There is a Disabled WC within the kitchen room. The second partitioned off room forms an office of good proportions with a window onto the shop floor.

The internal shop fitting was carried out by Perfection Homes the developers for the whole mixed use scheme, with a good ceiling height, recently added LED flush spotlighting and finished in white painted walls to a high standard.

ACCOMMODATION

The gross internal floor area is 117.8 sq.m (1268 sq.ft)

BUSINESS RATES

The description is retail premises and the amount payable may be subject to small business relief.

The Rateable Value is currently £18,250. The amount payable is circa 0.48p x 18,250 = £8760 per year or approx.: £730:00 per month.

CHANGE OF USE

The property would need a Change of Use Planning Permission to change from A1 retail to B1 Office.

TERMS

The property is available to let under a new full repairing and insuring lease for a minimum term of 5 years at a rental of £16,500 per annum exclusive. The leasehold interest – originally 999 years lease, now circa 990 years is available to purchase for £210,000.

VAT

The owner has not opted to tax and therefore VAT is not payable on rent or as part of the purchase price.

SERVICES

We understand the property has mains water and drainage, and electricity for heating.

LEGAL COSTS

Each party pays their own legal costs.

VIEWINGS

Viewings are strictly by appointment through local agents Arkwright Owens, telephone (01432) 267213 or Julian Owens 07855 744821 or email: arkwrightowens@btinternet.com

AGENTS NOTE

These particulars are prepared for the guidance only of prospective purchasers. They are intended to give a fair and overall description of the property and do not constitute the whole or any part of an offer or contract. Any information contained herein (whether in text, plans or photographs), is given in good faith but should not be relied upon as being a statement or representation of fact. Nothing in these particulars shall be deemed to be a statement or representation of fact. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise nor than any services or facilities are in good working order. Any moveable contents, fixtures and fittings (whether wired or not) referred to in these property particulars (including any shown in the photographs) are, unless the particulars say otherwise, excluded from the sale. In the event that the buyer proposes to purchase any moveable contents or include them in any offer for the property, the buyer cannot in any respect imply such inclusions from the property particulars. Any areas, measurements or distances referred to herein are approximate only and may be subject to amendment. It should not be assumed that the property has all necessary planning, building regulations or other consents and these matters must be verified by an intending purchaser. The information given in these particulars is given without responsibility on the part of the agents or their clients and neither the agents nor their employees have any authority to make or give any representations or warranties whatever in relation to this property. 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. Revised05/09/2019/JTJO

Marketed by Arrange viewing 01432 507080

Arkwright Owens - Hereford

2 St Nicholas Street, Hereford, Herefordshire

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