48-52 St Owen Street, Hereford

***UNDER OFFER***

48-52 St Owen Street, Hereford, HR1 2PU

Prominent commercial/ residential investment premises in a central position.

Summary of features
•Extensive frontage both St Owen Street and Cantilupe Street.
•Property fully let – commercial at ground floor and residential on upper floors.
•Gross Income circa £120,000 per annum.
•Business unaffected.

Situation - 48-52 St Owen Street is situated on the eastern side of Hereford city centre with frontage directly onto both St Owen Street and Cantilupe Street. St Owen Street itself is a one-way street linking directly to Hereford’s High Town and is a popular commercial and residential area.

Within the immediate vicinity there are a number of popular occupiers such as the Barrels Pub, the Jalsagor Indian Restaurant as well as local amenities such as Cantilupe Surgery and St Owen Street Podiatry.

Description - Part of the building has red brick elevations beneath a pitched, tiled roof, with part of the building on St Owen Street having rough cast render external walls painted white. This element also has bay windows on the first floor, and dormer windows on the second floor.

The ground floor of 48 St Owen Street is currently let to a restaurant and comprises open plan space internally with w/c’s to one side. The property has plate glass windows facing to Cantilupe Street, with a side door to a shared rear courtyard. 48 St Owen Street is Grade II listed.

50 St Owen Street is a restaurant premises located on the corner of Cantilupe Street and St Owen Street, with most of the plate glass frontage extending along St Owen Street. The property was recently let to the occupier of 48 St Owen Street to expand their restauranrt. 50 St Owen Street is Grade II listed.

52 St Owen Street is a small retail unit with plate glass frontage onto St Owen Street. It offers a ground floor retail/ studio area, with a small kitchenette and w/c to the side. There is a staircase leading to a basement storage area which also houses meters associated with both the ground floor and upper floors.

The residential elements are all located on upper floors, with access to the flats above 48 and 50 St Owen Street via double doors between 48 and 50, as well as via a rear staircase. The residential area above 52 is accessed at the rear of the property off a shared courtyard. There are a total of 11 residential premises across the upper floors varying from studio/ 1-bed properties up to 2-bed properties. These are all professionally managed. To the rear of the property is a gated courtyard which currently is used for bin storage for all occupiers on site as well as a shared garden area which is permitted to be used by all associated with the building.