Available
Hereford – Bonmarche
16 St Peters Street, Hereford HR1 2LEFreehold Retail Investment
Price
£450,000
Rent P.A.
£43,500
Yield
9.67%
Tenure
Freehold
Lease Term
8 Years
Years Left on Lease
3y 11m
Area
4,350 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Let until November 2030. No breaks. Rent review in November 2026
- VAT is applicable to this property. Sale to be treated as TOGC.
- Comprises large two-storey retail premises t/a Bonmarche
- Future residential development potential, subject to obtaining consents
- Situated on pedestrianised street in the heart of the town centre, opposite St Peter’s Church.
- Occupiers close by include M&S, Co-Op Food, Café`s, Restaurant, Nail Salon and many more.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
Comprises two-storey retail premises t/a Bonmarche, providing the following accommodation and dimensions:
Ground Floor: 217 sq m (2,335 sq ft)
Open plan retail, storage, wc
First Floor: 187 sq m (2,015 sq ft)
Office, storage, ancillary
Total GIA: 404 sq m (4,350 sq ft)
Ground Floor: 217 sq m (2,335 sq ft)
Open plan retail, storage, wc
First Floor: 187 sq m (2,015 sq ft)
Office, storage, ancillary
Total GIA: 404 sq m (4,350 sq ft)
Tenancy Description
The property is at present let to Bonmarche Properties Ltd for a term of 8 years from 1st November 2022 at a current rent of £43,500 p.a. and the lease contains full repairing and insuring covenants. Rent review on 01.11.26 open market. Tenant break option in 2026 NOT exercised.
Tenancies & Accommodation
Location Description
The Cathedral City of Hereford is located approximately 50 miles south-west of Birmingham and 25 miles north-west of Gloucester, on the A49, which connects to the M50 some 15 miles to the south-east. The property is situated on pedestrianised street in the heart of the town centre, opposite St Peter’s Church. Occupiers close by include M&S, Co-Op Food, Edinburgh Woollen Mill, Café`s, Restaurant, Nail Salon and many more.
