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.
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.
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
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.
Mains water, electricity and gas are connected.
Energy Performance Certificates available on request.
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.
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.
Herefordshire Council, Town Hall, St Owen Street, Hereford.
Telephone: 01432 260000