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16 St. Peters St 3,965 sq ft 100% Let Retail Property Hereford HR1 2LE £455,000 (£114.75/sq ft) 9.56% Net Initial Yield
Investment Highlights
- Well located freehold shop investment in the heart of Hereford city centre
- Producing a strong current income of £43,500 per annum
- Let to Bonmarché Properties Ltd until 2030 with the 2026 break option not exercised
Executive Summary
Prime city centre retail investment comprising a substantial 4,350 sq ft unit arranged over ground and first floor, prominently located on a busy pedestrianised high street and let on a full repairing and insuring lease until 2030 at a passing rent of £43,500 per annum, offering a strong and secure income-producing opportunity, available for offers over £455,000.
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
£455,000
Price per sq ft
£114.75
Yield
9.56%
NOI
£43,500
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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