2 Hatton Park 3,232 sq ft Retail Property Bromyard HR7 4EY £475,000 (£146.97/sq ft) 6.45% Net Initial Yield

Prominent roadside location. Located in the market town of Bromyard, Herefordshire, 14 miles North East of Hereford and 14 miles West of Worcester New letting to Alliance Property Holdings Ltd (t/a Morrisons) providing a 10-year lease at £32,000 pa. VAT not elected. The building provides a well-configured retail unit with an area totalling C. 3,232 sq ft GIA. Site size 0.23 Acres the
The property is located on the southern outskirts of Bromyard, a town within Herefordshire, approximately 14 miles to the northeast of Hereford and 15 miles west of Worcester.
Bromyard is a very small rural market town with a population of around 5,000 people. Hatton Park is a residential no-through road, perpendicular to the southern side of West Hill (A44) which runs in a west-to-east direction. The property is situated at the most northern aspect of Hatton Park, fronting the busy West Hill (A44). This stretch of the A44 is just east of the junction with Panniers Lane (B4214) which subsequently adjoins the A465 to Hereford. Bromyard town centre has a modern Co-Op Store and a small shopping centre.
There are two vehicle access points from West Hill (A44) at the north-western and north- eastern corners of the property's plot. The building itself is set back and there is space for approximately 10 vehicles to the front. There are no other retail or commercial units within the immediate locality except that there is a Dental surgery immediately to the East.
The property comprises two modern single-storey adjoining buildings on the southern side of West Hill (A44). It backs onto a residential house directly south along Hatton Park. The buildings are of cavity brick construction under pitched tiled roofs. The larger building comprises a large sales area with a small area given over as storage for frozen/chilled goods, with an aluminium shop front.
The property benefits from mains gas, electric, water and drainage.
The premise is let to Alliance Property Holdings Ltd (t/a Morrisons) on a 10-year FRI lease commencing on 23 October 2023. The passing rent is £32,000 per annum with an CPI linked upwards only rent review in year 5, capped at 2%.