10/11 High Town
Hereford
Herefordshire
HR1 2AA

Freehold Retail Investment

  • Let to Monsoon Accessorize Limited
  • Prime pedestrianised retailing position in historic cathedral city
  • Nearby occupiers include WH Smith, Holland & Barrett, Costa Coffee, Boots the Chemist and Three Mobile
  • Residential potential (subject to consents)
  • Lot
    39
  • Auction
    18/Oct/2018
  • Rent
    £170,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Fund Manager
  • 10/11 High Town<br>Hereford<br>Herefordshire<br>HR1 2AA
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  • Photos
  • Map

Property Information

Location
Miles
25 miles south-west of Worcester
65 miles south-west of Birmingham
Roads
A49, A438, M5, M50
Rail
Hereford Railway Station
Air
Birmingham Airport
Situation

The property is prominently situated in a prime position on the north side of pedestrianised High Town, in the heart of the city centre. Nearby occupiers include WH Smith, Holland & Barrett, Costa Coffee, Boots the Chemist and Three. Every Wednesday and Saturday, Hereford’s retail market
trades directly outside the property, further enhancing footfall.

Tenure

Freehold.

Description

The property comprises a double fronted ground floor retail unit with first floor ancillary accommodation. The second and third floors provide further ancillary space and are currently unused by the tenant. We understand there is a basement which is currently inaccessible. Part of the property is Grade II listed.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
First
Second
Third
Basement
Retail
Ancillary
Ancillary
Ancillary
Not inspected
239.05 sq m
189.80 sq m
102.47 sq m
33.17 sq m
(2,573 sq ft)
(2,043 sq ft)
(1,103 sq ft)
(357 sq ft)
MONSOON
ACCESSORIZE LTD
(1)
25 years from
24/06/1996 on a
full repairing and
insuring lease (2)
£170,00023/06/2021
Total
564.49 sq m
(6,076 sq ft)
  £170,000 

(1) Monsoon opened its first store in 1973 and now has more than 1,000 Monsoon Accessorize stores all over the world (Source: uk.monsoon.co.uk 19/09/2018).
(2) The second and third floors are subject to a schedule of condition.

Property Documents

  • Catalogue Page
    Updated Date
    26.09.18
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    26.09.18
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Hamlins LLP Roxburghe House, 273-287 Regent Street
London
W1B 2AD
John Leasure +44 (0) 20 7355 6073john.leasure@hamlins.com

Useful Links

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