The rear unit in Bewell Street has been let to Kumon on a new 10 year lease at £6,950 per annum.
The front unit in Eign Gate is currently vacant at an asking rent of £11,500 per annum.
In addition, the purchaser will acquire the freehold of the whole building, receiving ground rents from the 2 upper floor flats and a service charge contribution towards insurance, maintenance, fire alarm etc.
The premises are well positioned in
Eign Gate close to other major stores to include Peacocks, Poundstretcher,
Trekitt and Savers. Eign Gate provides a link to the new shopping development,
The Old Market and good pedestrian access west of Hereford.
Ground floor sales area of 505 sq.ft with
additional cellar storage, staff room, and store room on the second floor.
Currently vacant and available at
£11,500 per annum.
Let to Kumon, an educational
organisation, from 11th October 2017 for 10 years at £6,950 per
annum, with rent reviews every third anniversary.
This comprises a ground floor area of 764
sq.ft including kitchen and cloakroom.
Eign Gate - £9,600
Bewell Street - £6,900
We feel this would be of particular interest to an owner/occupier business, as the rent received from the included unit at 4 - 6 Bewell Street should be sufficient to finance the borrowing needed to purchase the whole premises.
In effect, this could then mean a rent and business rate free occupation of the Eign Gate unit.
water and drainage are connected. Mains Gas is not connected. Both ground floor
units have security and fire alarms.
appointment. Please contact the agents on 01432 344779 before travelling to
check viewing arrangements and availability.
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
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
13 April 2018