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14-15a St Peters St 5,320 sq ft 100% Let Retail Property Hereford HR1 2LE £590,000 (£110.90/sq ft)
INVESTMENT HIGHLIGHTS
- Mixed use freehold investment & development opport.
- Retail investment on the ground floor.
- Total rent roll of £60,000 per annum.
- The upper floors of the property currently have planning permission to be converted into 5 residential apartments. The rear of the ground floor also has planning consent for an additional 2 flats. Planning reference No: P193881/F.
EXECUTIVE SUMMARY
Freehold Investment for Sale The property comprises a terraced building on St Peters Street. The building is situated in a Conservation Area. It is arranged over ground, first and second floors. The ground floor is separately let to the upper floors and tenanted to Reed In Partnership Limited. The space is mainly open plan with some partitioning to create training and meeting rooms. The upper parts are currently vacant but have been granted planning permission for residential conversion. The upper floors are accessed via a separate staircase at the front of the building.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
5,320 sq ft
Costar Property Class
C
Year Built
1900
Price
£590,000
Price per sq ft
£110.90
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Frontage
39 ft on St Peters St
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14-15a St Peters St
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