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12-13 High Town 4,401 sq ft Retail Property Hereford HR1 2AA For Sale
Investment Highlights
- Hereford is a busy and dominant cathedral city
- Well secured to a strong retail covenant
- Arguably a 100% prime retail location
Executive Summary
he property is being offered for sale on a freehold basis with offers invited in excess of £685,000, subject to contract and exclusive of VAT.
The property has been elected for VAT, and it is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).
A purchase at this level would reflect an attractive net initial yield of approximately 9%, assuming normal purchaser’s costs. All prospective purchasers will be required to undergo anti-money laundering verification prior to a sale contract being agreed.
The property has been elected for VAT, and it is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).
A purchase at this level would reflect an attractive net initial yield of approximately 9%, assuming normal purchaser’s costs. All prospective purchasers will be required to undergo anti-money laundering verification prior to a sale contract being agreed.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
4,401 sq ft
Costar Property Class
C
Year Built
1940
Tenancy
Single
Number of Floors
4
Plot ratio
0.92
Total Plot Size
0.11 ac
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Nearby Major Retailers
1 of 8
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12-13 High Town
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