16 St Peters Street, Hereford HR1 2LE
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- To be offered on Wednesday 30th September
- City Centre Freehold Shop Investment
- Entirely let to Bonmarche Properties Ltd on a lease expiring 2030
- 2026 Tenant Break Option NOT exercised
- Arranged over 4,350 sq ft
- Nearby occupiers include Santander, Three & Lloyds
- VAT is applicable
- Investment let at £43,500 p.a. (13.4% GIY on Guide Price)
Description
StrapLine
Auction Sale - 29/09/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteCity Centre Freehold Retail Investment Let to Bonmarché Until 2030 Producing £43,500 per Annum. 2026 break NOT exercised.
Description
The property is arranged over ground and one upper floor to provide a shop with ancillary accommodation.
Location
Hereford is an attractive and historic cathedral city situated some 50 miles south-west of Birmingham and 25 miles north-west of Gloucester on the A49. The property is situated on the south side of St. Peters Street, close to its junction with High Street and Commercial Street. Occupiers close by include Santander, Three, Clinton, TG Jones, Lloyds, JD Sports and Holland & Barrett amongst many others.
Transport
Road - The A49 provides access to Leominster to the north and Ross-on-Wye (M50) to the south whilst the A4103 provides access to Worcester
Rail - Hereford Rail Station is some 750 metres from the property, providing regular mainline rail services to London Paddington (fastest journey time 2 hours 51 minutes)
Tenancy
Let to Bonmarche Properties Ltd on a full repairing and insuring (FR&I) lease for a term of 8 years from November 2022 at £43,500 per annum.
The lease provides for a tenant break option (not exercised) at the 4th anniversary and rent review.
Accommodation
Ground Floor - 216.94 sq m (2,335 sq ft)
First Floor - 187.2 sq m (2,015 sq ft)
Total - 404.14 sq m (4,350 sq ft)
16 St Peters Street, Hereford HR1 2LE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hereford Station0.4 miles
Notes
Disclaimer - Property reference 243-24841. 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 Savills Auctions, London. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”