Bewell Street is in the centre of the Cathedral City of Hereford, linking Tesco Supermarket and car park to the principle retail areas of Widemarsh Street and High Town, where retailers include Primark, M&S, WHSmith, Monsoon, Boots, New Look, HSBC, Lloyds TSB and other local amenities are close by. It is a short walking distance from Hereford Cathedral.
The premises are situated among other local traders including Hereford Butchers, Symonds of Hereford, Cookies Coffee Shop and a Hairdressing Salon.
The block of which the shop forms part is of a modern construction and the premises benefit from an existing retail use.
Ground Floor - Retail/Office - 1,297 Sq ft, 120.5 Sq m
Total - 1,297 Sq Ft, 120.5 Sq m
Mains electricity and water are connected.
Energy Performance Certificate Rating Band B - details available on request.
The property is available to let on a new lease at a rental of £15,000 per annum exclusive.
Availability subject to existing Tenancy Surrender negotiation.
The Landlord will consider reducing the size of the premises and the rent. This potentially could give rise to 100% Small Business Rate Relief.
The 2017 Valuation Office Agency List shows the property having a Rateable Value of £15,750. The multiplier for the 2019/20 year is 49.1p 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.
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 Rateable Value.
Herefordshire Council, Town Hall, St Owen Street, Hereford.
Telephone: 01432 260000