The property occupies an excellent location on Widemarsh Street, which links High Town with the new Old Market retail development. Nearby retailers, both national and local, include Primark, Marks & Spencer, WHSmith, New Look, Boots and branches of Banks in High Town, while the City Centre Tesco Supermarket with its underground car park is a short distance away.
The accommodation comprises a ground floor sales area with open spiral staircase to further first floor sales accommodation (currently used as an office), with second floor offices above. There is air-conditioning throughout the premises.
Ground Floor - Retail 38.1 Sq m 410 Sq ft
First Floor - Sales/Office 40.0 Sq m 431 Sq ft
Second Floor - Offices 50.2 Sq m 541 Sq ft
Total 128.3 Sq m 1,382 Sq ft
The property is available by way of an assignment of the existing lease which expires September 2020. Alternatively the Landlord has offered to negotiate a new lease with a prospective Tenant on revised terms.
Mains water and electricity are connected.
Energy Performance Certificate Rating Band D - details available on request.
100% Business Rate Relief may be available*
We estimate the Business Rates payable for the current year are £3,929.
The 2017 Valuation Office Agency List shows the property having a Rateable Value of £15,750. The multiplier for the 2020/21 year is 49.9p* in the pound. The rates payable may be subject to transitional adjustment.
General retail premises benefit from a 50% 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 2010 List Rateable Value of £16,000.
Herefordshire Council, Town Hall, St Owen Street, Hereford.
Telephone: 01432 260000