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16 St. Peters St 3,965 sq ft 100% Let Retail Property Hereford HR1 2LE £480,000 (£121.06/sq ft) 8.96% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Total rent roll of £43,000 per annum.
- Next rent review is on 1st November 2026.
- The property is let to Bon Marche.
EXECUTIVE SUMMARY
FREEHOLD INVESTMENT The property comprises a terraced building within the Hereford Central Conservation Area. It is arranged over ground and first floors. The ground floor offers open plan retail accommodation with ancillary storage and office space on the first floor. W/Cs and kitchen facilities are also located on the first floor. Bon Marche have recently renewed their lease and report strong trading history from 16 St Peters Street.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
3,965 sq ft
Costar Property Class
B
Year Built
1987
Price
£480,000
Price per sq ft
£121.06
Yield
8.96%
NOI
£43,000
Occupancy Rate
100%
Number of Floors
2
Frontage
20 ft on St Peters St
AMENITIES
- Signage
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NEARBY MAJOR RETAILERS
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16 St. Peters St
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