Description
INCOME PRODUCING INVESTMENT*** FULL BUILDING retail Unit over ground and first floor in EXCELLENT TRADING POSITION. Producing £43,500 per annum on a FRI Lease.
Let to entirely to Bonmarche Properties Ltd expiring 2030 Breaks: tenant break option in November 2026 that has not been exercised. Rent: £43,500 per annum
Internal accommodation comprises the following: 404.14 sq m (4,350 sq ft) Over ground and first floor level. PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO
EXCELLENT LOCATION Nearby occupiers include Santander, Three, Clinton, TG Jones, Lloyds, JD Sports, and Holland & Barrett.
St. Peters Street offers a compelling combination of central positioning, strong pedestrian environment, excellent access to amenities and convenient public and road transport links.
INCOME PRODUCING INVESTMENT*** FULL BUILDING retail Unit over ground and first floor in EXCELLENT TRADING POSITION. Producing £43,500 per annum on a FRI Lease. Let to entirely to Bonmarche Properties Ltd expiring 2030 Breaks: tenant break option in November 2026 that has not been exercised. Rent: £43,500 per annum Internal accommodation comprises the following: 404.14 sq m (4,350 sq ft) Over ground and first floor level. PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO EXCELLENT LOCATION Nearby occupiers include Santander, Three, Clinton, TG Jones, Lloyds, JD Sports, and Holland & Barrett. St. Peters Street offers a compelling combination of central positioning, strong pedestrian environment, excellent access to amenities and convenient public and road transport links.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 4 Years
Rent: £43,500 per year / £3,625 per month
Yield: 14% (approx)
Tenant: Private Individual
Notes: lease expiring in 2030, with a tenant break option in November 2026 that has not been exercised.
Maps & Location
Map Street View Satelliteoccupies a highly central position within the heart of Hereford city centre, providing an attractive setting for a range of commercial, retail, leisure and professional uses. The street connects directly with High Town and Commercial Street, forming part of the city’s established shopping and commercial area, with a mix of independent retailers, cafés, restaurants, professional services and national occupiers close by. The location also benefits from its proximity to major city-centre attractions, including Hereford Cathedral and the historic central area, helping to support regular pedestrian activity and visitor footfall. The property is within convenient walking distance of Hereford railway station, approximately 750 metres away, providing rail connections to destinations including Worcester, Birmingham and London Paddington. Hereford Train Station Local bus services are also readily accessible, with stops around the city centre and Hereford Country bus station providing further public-transport connections. By road, Hereford benefits from the A49, providing north-south connectivity, while the A4103 provides a direct route towards Worcester.
Document Downloads
Pricing Information & Bidding
Opening Bid: £310,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
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General Terms & Conditions of Sale
Lot Specific Terms - 16St. Peters Street, Bonmarche, Hereford, Herefordshire