Retail in HR1 available for sale
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Retail Properties for Sale near HR1, Hereford

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Retail Properties for Sale Within 5 miles of the HR1, Hereford

More details for 18 King St, Hereford - Retail for Sale

18 King St

Hereford, HR4 9BX

  • Retail for Sale
  • £325,000
  • 1,010 sq ft

Hereford Retail for Sale

<p>18 KING STREET HEREFORD, HR4 9BX</p><br /><p>INVESTMENT PROPERTY FOR SALE</p><br /><p>GUIDE PRICE £325,000</p><br /><p> </p><br /><p>SUMMARY OF ACCOMMODATION</p><br /><p>Ground Floor 60 sq.m (645 sq.ft)</p><br /><p>Upper Floors 98 sq.ft (1055 sq.ft)</p><br /><p> </p><br /><p>LOCATION</p><br /><p>The property is situated on the northern side of King Street, in the City of Hereford, close to the junction with Bridge Street and St. Nicholas Street which leads to A49 which traverses the River Wye Bridge and leads to other main roads namely the A465 & A483.</p><br /><p> </p><br /><p>SITUATION</p><br /><p>King Street is within the city centre of Hereford, a short walk of the Hereford Cathedral close, and a Broad Street where there are several banks and independent retailers, a chemist and The Green Dragon Hotel. Nearby there is on-street metered car-parking. Aubrey Street is parallel to Broad Street where there is access to independent restaurants and there are several public houses within a few minutes’ walk.</p><br /><p> </p><br /><p>DESCRIPTION</p><br /><p>A prominent three storey building within a convenient central location with ground floor professional services tenancy to an established Estate Agent and upper floors once used as office accommodation, which are currently used as living accommodation with a good sized rear walled garden.</p><br /><p> </p><br /><p>GROUND FLOOR ACCOMMODATION SUMMARY</p><br /><p> </p><br /><p>Ground Floor Retail Sales 35 sq.m (380 sq.ft)</p><br /><p>Staff Room 10.2 sq.m (110 sq.ft)</p><br /><p>Rear Office 10.7 sq.m (115 sq.ft)</p><br /><p>WC 2.9 sq.m (31 sq.ft) 60 sq.m (645 sq.ft)</p><br /><p> </p><br /><p>COMMUNAL HALL 6’6” x 3’3” (2m x 1.1m)</p><br /><p>Panelled from door, close carpeted with door into ground floor office and fire door into lobby.</p><br /><p>Fire alarm panel.</p><br /><p> </p><br /><p>ESTATE AGENCY OFFICE 12’2” x 14’8” + 14’8” x 10’5” (3.7m x 4.5m + 4.5m x 3.2m)</p><br /><p>Open plan office with display window to King Street with timber lattice bars, carpeted room with archway. Maximum office length 30’2” (9.2m).</p><br /><p> </p><br /><p>REAR OFFICE LOBBY 7’2” x 12’5” (2.2m x 3.8m)</p><br /><p>Close carpeted, wall mounted Telecoms for internet. Radiator and fire door into rear lobby.</p><br /><p> </p><br /><p>REAR OFFICE 14’5” x 7’6” (4.4m x 2.3m)</p><br /><p>Carpeted room with dual aspect, two UPVC windows and built-in sideboard with cupboards and LED ceiling lights. Windows have security bars.</p><br /><p> </p><br /><p>GROUND FLOOR REAR LOBBY 7’6” x 3’3” (2.3m x 1.1m)</p><br /><p>Part glazed door to rear garden, central light.</p><br /><p> </p><br /><p>REAR WALLED GARDEN 60’ x 14’5” widening to 16’4” (18.4m x 4.4m widening to 5m)</p><br /><p>Step up to raised rear garden with course aggregate landscaping with brick boundary walls and part with concrete posts and timber larch-lap fencing.</p><br /><p> </p><br /><p>INNER HALL 8’2” x 3’3” (2.5m x 1m)</p><br /><p> </p><br /><p>STAIRCASE HALL 15’ x 5’5” (4.6m x 1.7m)</p><br /><p>Night storage heater, staircase with timber newel post and open spindle balustrading.</p><br /><p>Boxed in electrics with Smart Meters. Under-stairs cupboard.</p><br /><p> </p><br /><p>HALF LANDING 2’9” x 6’9” (0.9m x 2.1m)</p><br /><p>Cupboard with water heater, stainless steel sink and cold tap. Metal framed obscure window.</p><br /><p> </p><br /><p>FIRST FLOOR WC 6’9” x 4’4” (2.1m x 1.35m)</p><br /><p>Night storage heater, low level WC, wash hand basin, electric water heater. Obscure glazed metal framed windows x 2 and central light.</p><br /><p> </p><br /><p><strong>FRONT DOOR TO TWO BEDROOM MAISONETTE (FORMER OFFICES)</strong></p><br /><p> </p><br /><p>LOBBY 5’9” x 2’6” (1.8m x 0.8m)</p><br /><p>Front Fire Door opens into a lobby with a short flight of stairs.</p><br /><p> </p><br /><p>LANDING 8’2” x 5’5” (2.5m x 1.7m)</p><br /><p> </p><br /><p>SITTING ROOM 16’4” x 15’4” (5m max x 4.7m)</p><br /><p>With built in wall shelves and low cupboards either side of a large fireplace with timber surround and stone hearth. Three UPVC windows with lattice uppers. High level skirting board and high ceiling with two wall spot lights. Night storage heater.</p><br /><p> </p><br /><p>BEDROOM 2 14’1” x 10’5” (4.3m x 3.2m)</p><br /><p>Used as a music room with close carpeting, UPVC window, pendant light and door into:</p><br /><p> </p><br /><p>CUPBOARD 3’3” x 7’2” (1m x 2.2m)</p><br /><p>With fitted timber shelves, a metal framed window with tiled window board.</p><br /><p> </p><br /><p><strong>STAIRS TO SECOND FLOOR</strong></p><br /><p> </p><br /><p>HALF LANDING 2’9” x 5’5” (0.9m x 1.7m)</p><br /><p>Staircase with close carpeting.</p><br /><p> </p><br /><p>BATHROOM 7’9” x 6’9” (2.4m x 2.1m)</p><br /><p>UPVC window, linoleum flooring, bath with electric shower and shower curtain, pedestal wash hand basin with tiled splash back, light and shaver point. Low level WC, pendant light. Electric wall heater and cupboard with insulated hot water storage tank and shelves.</p><br /><p> </p><br /><p><strong> </strong></p><br /><p><strong>STAIRS FROM HALF LANDING TO:</strong></p><br /><p> </p><br /><p>SECOND FLOOR LANDING 5’5” x 4’2” (1.7m x 1.3m)</p><br /><p>Coat hanging space, pendant light and door to attic room.</p><br /><p> </p><br /><p>KITCHEN / DINING ROOM 10’5” x 14’10” (3.2m x 4.3m)</p><br /><p>Night storage heater, corner built-in cabinets with built in stainless steel sink with draining board and mixer taps. UPVC window and electric four ring hob inset into work-surfacing. Electric oven Part linoleum flooring, meets carpeted dining area. Pendant light. Plumbing for washing machine. Double power socket.</p><br /><p> </p><br /><p>STORE CUPBOARD 7’2” x 3’3” (2.2m x 1m)</p><br /><p>Double power socket, fitted shelves, pendant light and timber casement window.</p><br /><p> </p><br /><p>DOUBLE BEDROOM 14’8” x 15’ (4.5m x 4.6m)</p><br /><p>Night storage heater, pendant light, two fitted wardrobes with shelves or clothes rails. TV aerial socket and double power point.</p><br /><p> </p><br /><p>DOOR TO ATTIC ROOM</p><br /><p>Wood stairs to half landing with exposed flooring and exposed ceiling beams. Water storage tank with cover, close boarded walls and timber casement window. Sloping roof on either side of area 4.8m long.</p><br /><p> </p><br /><p><strong>ENERGY PERFORMANCE CERTIFICATE</strong></p><br /><p> </p><br /><p>RETAIL/FINANCIAL/PROFESSIONAL SERVICES</p><br /><p>60 sq.m (645 sq.ft) Energy Rating C</p><br /><p>CERTIFICATE REFERENCE NUMBER:[use Contact Agent Button]-2446-5458</p><br /><p> </p><br /><p>FLAT AT 18 KING STREET, HEREFORD, HR4 9BX</p><br /><p>98 SQ.M (1055 SQ.FT) ENERGY RATING: D</p><br /><p>CERTIFICATE REFERENCE NUMBER:[use Contact Agent Button]-2200-2205</p><br /><p> </p><br /><p><strong>BUSINESS RATES</strong></p><br /><p>1st April 2023 Rateable Value £10,250 consisting of 60 sq.m (645 sq.ft).</p><br /><p> </p><br /><p><strong>PLANNING</strong></p><br /><p>The property is within Use Class E.</p><br /><p> </p><br /><p><strong>SERVICES</strong></p><br /><p>Mains water and drainage, mains electricity. Heating is via night storage heaters and hot water via off-peak immersion.</p>

Contact:

Arkwright Owens Chartered Surveyors

Property Subtype:

Shopfront

Date on Market:

13/03/2025
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LoopNet UK Herefordshire Hereford Retail Properties For Sale in HR1, Hereford, UK

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FAQs About Retail Property For Sale in HR1

See All Retail Spaces For Sale
How many retail properties are currently available for sale in HR1?
There are currently 0 retail properties available for sale. Sizes range from to , with an average size of. Available opportunities may include high street shops, retail units, shopping centre space, neighbourhood parades and mixed-use investments.
How much does retail property cost in HR1?
The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Values are influenced by factors such as location, footfall, tenant strength, lease terms and the overall condition of the property.
What factors influence retail property values?
Location is often the most important factor, alongside footfall levels, tenant quality, lease length, rental income, nearby occupiers and local market conditions. Properties with strong trading locations and established tenants may attract greater investor demand.
What sizes of retail property are available?
Available properties range from to , with an average size of. Opportunities may suit independent retailers, owner-occupiers, investors and larger multi-site operators.
What are the benefits of investing in retail property?
Retail property can provide long-term rental income and the potential for capital growth. Well-located assets with established tenants may offer predictable income streams, while properties with redevelopment or alternative-use potential can provide additional opportunities for value creation.
What risks should I consider before buying?
Potential risks include tenant vacancy, changing consumer behaviour, local competition, economic conditions and shifts in retail demand. Understanding the strength of the location and the sustainability of rental income is an important part of any acquisition decision.
How does lease length affect investment performance?
Longer leases can provide greater income certainty, while shorter leases may offer opportunities for rent growth or repositioning. Investors should review rent review provisions, break clauses and tenant obligations when assessing an asset.
What types of tenants occupy retail property?
Retail occupiers can include national retailers, convenience stores, restaurants, cafés, health and beauty businesses, service providers and independent operators. The mix of tenants can influence both investment performance and future demand.
Can a retail property be used for other purposes?
Many retail premises fall within Use Class E, which may allow a degree of flexibility between retail, office, hospitality, health and other commercial uses. However, any proposed change of use should be confirmed with the local planning authority.
What due diligence should I carry out before buying?
Buyers should review leases, tenant covenant strength, service charge arrangements, planning permissions, title documents, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax (SDLT), legal fees, surveys, finance costs, insurance and any refurbishment or maintenance works that may be required.

Discover More Retail Properties for Sale in the HR1, Hereford

With 0 retail units currently available for sale in HR1, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in HR1, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in HR1, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in HR1 can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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