Available
Leominster – Gold Exchange, Accounting Firm & Flat
2C/D/E Rainbow Street, Leominster, Herefordshire HR6 8DQFreehold Shops and Residential Investment
Price
£150,000
Rent P.A.
£12,000
Yield
8.00%
Tenure
Freehold
Lease Term
5 Years
Years Left on Lease
Holding Over
Area
1,108 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- The property is arranged as a mid terraced building comprising two Ground Floor Shops (one used as an office) with separate front access to a Self-Contained Flat on the first floor.
- Nearby multiple retailers include Halifax, Martins, Specsavers, Spar, Sue Ryder and Scrivens.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property is arranged as a mid terraced building comprising two Ground Floor Shops (one used as an office) with separate front access to a Self-Contained Flat on the first floor.
Tenancy Description
The ground floor shop No. 2C is at present let to L Cleaver t/a Gold Exchange for a term of 3 years from 1st January 2018 at a current rent of £3,500 per annum and the lease contains full repairing and insuring covenants. The ground floor shop No. 2E is at present let to Cockett & Company Ltd t/a Chartered Accountant for a term of 5 years from 1st January 2018 at a current rent of £4,000 per annum and the lease contains full repairing and insuring covenants. The rent for shop No. 2E will rise to £4,500 per annum from 2021. The first floor residential flat is at present let on an AST to an individual for a term of 6 months from 20th November 2016 (Holding over) at a current rent of £4,500 per annum.
Tenancies & Accommodation

Location Description
Located close to the junction with West Street and being within a few hundred yards of the High Street within the town centre. Nearby multiple retailers include Halifax, Martins, Specsavers, Spar, Sue Ryder and Scrivens. There is also a Public Car Park nearby. Leominster is an attractive and historic market town which lies approximately 15 miles north of Hereford and 22 miles west of Kidderminster.