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For Sale
  Shop    Long Lease   
£190,000
Maylord Street, Hereford, HR1
LOCATION

The property is located on Maylord Street, close to High Town, and is pedestrianised giving access to the Maylord Shopping Centre. The property is in a good retail area with a mixture of local and national retailers.

DESCRIPTION

The property comprises a shop on the ground floor, office on the first floor and a flat on the second floor. Each of the upper floors have their own entrances/staircases from street level.

The upper parts benefited from a planning consent for 4 residential flats. See Planning Application Ref: P143495/F on the Herefordshire Council Website for details.

ACCOMMODATION

Ground Floor (NIA) - Shop, Kitchen, WC - 255 sq ft, 23.7 sq m

First Floor (GIA) - Office and WC's - 878 sq ft, 86.3 sq m

Second Floor (GIA) - Flat and Kitchen/WC - 897 sq ft, 88.1 sq m

TERMS

The property is offered for Sale with vacant possession on a 999 year lease at a peppercorn rent.

Price £190,000 plus VAT where applicable.

SERVICES

Mains water, electricity and gas are connected.

EPC

Energy Performance Certificates available on request.

BUSINESS RATES

The 2017 Valuation Office Agency List shows the property having a Rateable Value for the Ground Floor Shop of £6,400 and for the First Floor Office of £6,000. The multiplier for the 2018/19 year is 48.0p in the pound. The rates payable may be subject to transitional adjustment.

With effect from 1st April 2019, general retail premises will benefit from a 33.3% discount on the Business Rates. See retail discount regulations for further guidance.

The occupiers may be eligible to claim Small Business Rate Relief of 100%. Prospective tenants should confirm their liability with Herefordshire Council.

HBID

The property is within the Hereford Business Improvement District (www.herefordbid.co.uk) and is subject to a levy of 1.2% on the 2010 Rateable Value (£9,800) for the Shop.

LOCAL AUTHORITY

Herefordshire Council, Town Hall, St Owen Street, Hereford.

Telephone: 01432 260000

For Sale £190,000

  • Shop
  • Long Lease


Property photo
 
Contact
A: Cross & James (Commercial) Ltd
T: 01432 343 777
E: commercial@crossandjames.co.uk
Reference: CRJA_001139



IMPORTANT NOTICE
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.