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Commercial property for sale

Leominster

£375,000

Property Description

Key features

  • Investment Opportunity
  • Attractive Premises
  • Grade II Listed
  • Good Trading Location
  • Shop & 4 Flats
  • Good Investment Income

Full description

A first class Commercial/Residential Investment opportunity situated in Leominster's Broad Street, perhaps one of the most attractive architectural streets in the town. This attractive property, which is Grade II Listed, comprises an excellent double fronted Shop, leased to an antique business, with 4 recently refurbished Flats over, let on Shorthold Tenancies, the whole producing an excellent investment income.

Full Particulars

Leominster is a thriving market town surrounded by glorious north Herefordshire countryside. It has a resident population of approximately 11,000 and a catchment population of about 40,000 and serves a wide rural area. The town itself has excellent shopping, recreational and educational facilities for a town of its size and the market town of Ludlow lies approximately 12 miles to the north and the Cathedral city of Hereford about 14 miles to the south.
The premises is situated in an excellent location in Broad Street and comprises an attractive Grade II Listed Period property with a Shop on the ground floor let to a successful antiques business and 4 refurbished Flats on Shorthold Tenancies on the first and second floors.
The double fronted

Shop

provides a front area of about 22' (6.71m) x 14'6 (4.42m) and an INNER AREA of about 15'9 (4.80m) x 12' (3.66m) together with CLOAKROOM, LOBBY, KITCHENETTE and REAR YARD.
The Shop is held on a Lease which commenced in March 2002 at a rental of 8,000 per annum for a 6-year period, this lease has now expired and the same tenant continues to occupy on a monthly basis.

Approached from a side passage to a shared entrance foyer and stairs are the 4 Flats/Apartments, 2 on the first floor and 2 on the second floor, all of which are Let on a Shorthold Tenancy Agreement to produce a total rental of in the order of 16,000 per annum.

Agents Note

Further details of tenancies are available upon request at the Agents Office.

Local Authority:

The Herefordshire Council - 01432 260000

Viewing:

Strictly by prior appointment through the Agents, Jackson International. Tel: 01568 610600

Jackson Estate Agency

for themselves and the vendors of the property, whose agents they are, give notice that these particulars, although believed to be correct, do not constitute any part of an offer of contract, that all statements contained in these particulars as to this property are made without responsibility and are not to be relied upon as statements or representations of fact and that they do not make or give any representation or warranty whatsoever in relation to this property. An intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
The agent has not tested any apparatus, equipment, fixture, fittings or services and so cannot verify that they are in working order, or fit for their purpose, neither has the agent checked legal documents to verify the freehold/leasehold status of the property. The buyer is advised to obtain verification from their solicitor or surveyor.

Residential Lettings

Our residential lettings department offers efficient, professional service and we are always pleased to provide further information to potential landlords and tenants.
Contact: Mandy Edwards on 01568 610600

Jackson International

Thinking of buying abroad? Our International Department offers a complete search and advisory service on International Property purchases.
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For further information please contact Shelagh on 01432 344779

This footer paragraph is an example only and should not be relied upon as complying with current legislation. These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.


More information from this agent

To view this property or request more details, contact:

Jackson Property, Leominster

3 Broad Street, Leominster, HR6 8BT

01568 266002 Local call rate

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Disclaimer

Property reference 110902A_10902. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Jackson Property, Leominster. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.