£197,500

45 Eign Gate, Eign Gate, Hereford.

HR4 0AB

Hereford Office

45 Bridge Street
Hereford
HR4 9DG

01432 344779
Ref: HBJ2517

Summary

Of Interest to Investors

Ground Floor Retail Shop

1st & 2nd Floor Storage

Central City Location

Busy Shopping Thoroughfare

Rear Access

Let on 10 year Lease

Current Rental of £18,000

Parking for 2 cars off West Street

 

£197,500 for the freehold subject to existing tenancy presently producing £18,000 per annum

This excellent investment opportunity is well positioned in the busy thoroughfare of Eign Gate which is just West of the main City Centre. Close by are many shops including Peacocks, Poundstretcher and Bright House.

 

These excellent ground floor shop premises with first and second floor storage are currently let until October 2014 at a present rental of £18,000 per annum.  It is considered very likely that the existing tenants will wish to renew their lease in 2014.

 

With the added advantage of rear access and parking for two vehicles off West Street the premises in detail offer:-

 

From Eign Gate a door to the centre of the double frontage leads into the

 

Main Shop/Sales Area 30’ x 17’ with ample power points, spot lighting, two electric night storage heaters, exposed beams and telephone point.  From the sales area steps lead up to the

 

Inner Hall off which is a

 

Cloakroom with WC and a further door leads to the

 

Store/Staff Room 12’9” x 6’3” with single drainer stainless steel sink unit, electric night storage heater, power points, light and cupboard

 

Outside with access from West Street there is a car parking area with parking for 2 cars

 

Services: Mains water, electricity and drainage

 

Business Rates: Herefordshire Council

Rateable Value: £11,500      

Rates Payable: £5,267

 

 

Viewings Strictly by appointment. Please contact the agents on 01432 344779 before travelling to check viewing arrangements and availability.  

 

Jackson Property 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. Any 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 the legal documents to verify the freehold/leasehold status of the property. The buyer is advised to obtain verification from their solicitor or surveyor.

 

23 April 2012

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