Guide Price £210,000 Freehold Property

Jubilee Building, Victoria Street, Leominster.

HR6 8LP
  • 2 Bedrooms

Leominster Office

3 Broad Street
Leominster
HR6 8BT

01568 610600
Ref: LBJ002

Summary

Set In A Commanding Position In The Centre Of The Picturesque North Herefordshire Market Town Of Leominster

Imposing Freehold Commercial/Residential Premises

Including Spacious Ground Floor Retail/Shop Premises With Excellent Frontage Cloakroom & Cellar

First Floor Accommodation Currently Also Used For Commercial  & Storage Purposes But Could Be Converted To Provide Residential Accommodation Subject To Planning

Second Floor Currently Laid Out As A Self-Contained 2 Bedroomed Flat

Side Access Off To Butchers Row

The Property Requires Updating But Offers An Excellent Investment Opportunity

LOCATION

This most impressive and prominent premises is located in Victoria Street, which is set between the main High Street leading down to the central square in the heart of the market town of Leominster which has a residential population of approximately 11,000 and a wider catchment area of approximately 40,000.  The town is strategically located on the intersections of the A49 South Wales to Manchester and A44 Worcester to Mid-Wales route.  The town is also on the Manchester-Cardiff railway.  The City of Hereford is 13 miles away , Worcester 26 miles and Shrewsbury 36 miles.

BRIEF DESCRIPTION

Jubilee Building is an eye-catching, period, freehold commercial and residential premises, set in a prime location in Victoria Street, linking the main High Street to the central square in the market town of Leominster.  The property itself has a most impressive frontage and offers both retail/commercial and residential accommodation set over three floors.  The ground floor comprises an impressive shop premises with excellent double frontage and visibility, with the main shop area being a good size with quarry tiled flooring throughout, with ample display space, with the previous tenant running a delicatessen & cafe, with a secondary room to the rear providing a good space for further retail usage, or as in the past, as a tea room, with a cloakroom facility off to the rear.  From the main shop area, there is access to a main cellar, mirroring the ground floor accommodation and providing excellent storage.

Off to the rear of the shop there is access to a side entrance hallway which also has separate access onto Butchers Row, with a staircase then leading up to first floor accommodation, where there is a large galleried landing, cloakroom and good sized store room, with the rest of the first floor accommodation, originally open plan, has been divided up to provide individual rooms which have been used in the past for commercial retail use as a beauty salon, and also has a commercial kitchen area which was used in the past when the first floor was used as a restaurant.  The staircase then continues up to the second floor accommodation which currently comprises a self-contained 2 bedroomed flat with living room, kitchen and separate shower room.

The property itself does require some updating/refurbishment but offers an excellent investment opportunity, with good potential rental income for the commercial ground floor premises, with the option of further income from the first floor, or alternatively looking to convert both the first and second floor into residential accommodation, subject to the appropriate planning permissions, which will provide overall an excellent annual return.

TENURE & PRICE

FREEHOLD with vacant possession - GUIDE PRICE £220,000

SERVICES

We understand that all mains services are available or connected.

Rates charges for 2018/2019: £4,920

If however the ratepayer didn't pay business rates elsewhere in England they would also be able to claim 100%  Small Business Rate Relief thus reducing the charge to zero.

LEGAL COSTS

Each party will be responsible for their own legal costs incurred in this transaction.

VIEWING

By appointment with the Agents, Jackson Property. Tel. 01568 610600.

  • No sale, no fee on all sales & lettings
  • Bespoke high quality property brochures created in-house
  • No obligation valuation & market appraisal

Free no obligation property valuation

Book Now

Jackson Property
brochure

View Jackson Property Brochure
Hereford Office
45 Bridge Street
Hereford
HR4 9DG
Leominster Office
3 Broad Street
Leominster
HR6 8BT
Shropshire Office
Franks Barn
Preston on Severn
Uffington
Shrewsbury
Shropshire
SY4 4TB
Cheshire Office
Handley House
Norbury Town Lane
Norbury
Cheshire
SY13 4HT
London Office
Mayfair Office Group
Cashel House
15 Thayer Street
London
W1U 3JT
ARLA Propertymark
NAEA Propertymark
The Property Ombudsman
Trading Standards Approved Code
Tenancy Depost Scheme Member