High street retail property for sale
High Street, Hereford, Herefordshire, HR4
- SIZE AVAILABLE
1,500-6,000 sq ft
139-557 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: Class E
E
Key features
- Prominent Corner shop premises
- New 10 year lease to Cornish Bakery Limited
- Major new refurbishment and shop fit
- Rent of £50,000 per annum
Description
The property is located in a prominent corner location of High Street which links the Cathedral Quarter to Maylord and Old Market. The area includes major multiples such as Marks & Spencer, Boots, Superdrug Vision Express, F Hinds etc
Description
The property is not listed but within a conservation area. It provides open plan ground floor sales with ancillary on first. The basement has been voided to maximise ground floor sales whilst the second and third floors are unused due to distance of travel and subject to a photographic record of condition for non decoration purposes. Significant works were carried out in 2011 Involving replacement of the main pitched and flat roofs, new dormer windows and ornate frames.
Lease Terms
The entire property is let to The Cornish Bakery Shops Limited for a term of ten years from 15th April 2025 on full repairing and insuring terms at an initial rent of £50,000 per annum exclusive commencing 15th April 2025. There is a tenant only break clause on 15th April 2031 subject to written notice 6 months prior. The tenant spent in the region of £300,000 fitting out and opened summer 2025
It is exceptionally busy and trade well above target
Brochures
High Street, Hereford, Herefordshire, HR4
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hereford Station0.5 miles
Notes
Disclaimer - Property reference 9HStH. 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 Gerrard Matthews Chartered Surveyor, Dorset. 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.
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