FOR SALE 5 ST PETERS STREET HEREFORD HEREFORDSHIRE

Transcription

1 Tel: FOR SALE 5 ST PETERS STREET HEREFORD HEREFORDSHIRE A PRIME RETAIL INVESTMENT PROPERTY LET TO EDINBURGH WOOLEN MILL, A BLUE CHIP COMPANY. THE ANNUAL INCOME IS £50,000 AND THERE ARE CIRCA 7 YEARS REMAINING ON THE LEASE. CONTACT ARKWRIGHT OWENS FOR MORE DETAILS... ACCOMMODATION: GUIDE PRICE 525,000

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3 LOCATION 5 ST PETERS STREET, HEREFORD, HEREFORDSHIRE, HR1 2LA Hereford is a small cathedral city located in Herefordshire, a rural county in the West Midlands. The city has a population of circa 56,000 people and 178,000 in the county as a whole. Hereford is located 48 miles from Birmingham; 25 miles of Worcester; Local Roads include: A49, A465, A438, M50; No. 5 St. Peter s Street is located in the prime shopping area of Hereford at the juncture of St. Peter s Street, in the newly refurbished and paved High Town area, next to The Old House Museum & Art Gallery, and the main Post Office. POSITION The Tenant is The Edinburgh Woollen Mill and it is situated in St. Peter s Street in a pedestrianised area. Within High Town nearby: Marks & Spencer, New Look, Boots, W H Smith, HMV, Dorothy Perkins, Phase Eight, Laura Ashley, Starbucks and branches of the main banks and building societies. DESCRIPTION A Grade II Listed Georgian fronted brick building over four floors with sash windows and an elegant panelled front door with decorative fan light and portico porch. The Shop arranged on the ground, basement, first, second and attic floors. ACCOMMODATION Shop Frontage Shop Width Shop Depth Sales First Floor Stores Second Floor 29 6 (9m) 37 narrowing (11.2m) 62 (18.9m) 1,726 sq.ft (160 sq.m) 735 sq.ft (68.3 unknown Floor Accommodation Net Internal Areas Ground Sales/Ancillary sq.m (1,610 Basement Storage (Disused) sq.m (440 First Ancillary sq.m (695 Second Ancillary sq.m (695 Total Commercial Area sq.m (3,440

4 LEASE TERMS Unexpired Term: Circa 7 years. Term of Lease: 25 years from 22 nd May 1995 Repair Basis: Full Repairing and Insuring. Rent: 50,000 per annum Rent Review: 2015 Lease Expiry: May 2020 GUIDE PRICE 525,000, Subject to Contract VAT VAT is not applicable to this property. ENERGY PERFORMANCE CERTIFICATE Band C More details available from the Joint Selling Agents. COMPANY WEBSITE & ONE-STOP REPORT TENANT The Edinburgh Woollen Mill Limited (1) (1) Edinburgh Woollen Mill trade from about 255 High Street stores, together with a further 115 tourist destination stores throughout the UK. Edinburgh Woollen Mill Ltd for the year ending 02/11 reported pre-tax profit of 21.2 million and a net worth of 152 million. PLANNING The property known as 5 St. Peter s Street is Grade 2 Listed. BUSINESS RATES The description is: Shop & Premises and the adopted Rateable Value is 51,500. The rates payable for 2013/14 is currently 23, BA Reference: JOINT SELLLING AGENTS Arkwright Owens Chartered Surveyors are acting as a Joint Sole Agents in conjunction with Mr Clive Thomas FRICS of Clive Thomas & Co. Chartered Surveyors, 8 Walmer Courtyard, Holland Park, W11 4EY. VIEWING Viewings are strictly by appointment through Arkwright Owens, acting as the local agents: Telephone: Office (01432) or Julian Owens (07855) AGENTS NOTE

5 AGENTS NOTE Arkwright Owens has not tested apparatus, equipment, fittings, or services and so cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor. The photograph may have been taken with the use of a wide-angle or zoom lens. All room sizes are approximate and if measured into a recess then this is indicated. The property is sold in the aforegoing particulars. Any item not mentioned herein is specifically excluded. 18 May 2013.