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.
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.
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
vacant possession - GUIDE PRICE £220,000
that all mains services are available or connected.
for 2018/2019: £4,920
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.
will be responsible for their own legal costs incurred in this transaction.
appointment with the Agents, Jackson Property. Tel. 01568 610600.