6 Week completion
Located in a prime retail pitch within the heart of the city centre on the main pedestrianised thoroughfare at its junction with High Town, adjacent to Starbucks and TSB and amongst such other multiple retailers including Marks & Spencer, Costa Coffee, Boots Opticians, Holland & Barratt, Laura Ashley, WH Smith and many others, being within close proximity to the Maylord Shopping Centre.
Herefordshire is located approx. 22 miles south-west of Worcester and 23 miles north-west of Gloucester.
A mid terrace building comprising a Ground Floor Shop with internal access to Storage on the first and second floors.
Ground Floor Shop
Gross Frontage 21'0"
Internal Width 19'7"
narrowing at rear to 10'11"
Shop Depth 61'7"
Sales/Store Area Approx. 985 sq ft
Storage Area Approx. 375 sq ft
Storage Area Approx. 185 sq ft
Total Area Approx. 1,545 sq ft
VAT is applicable to this Lot
The entire property is let on a full repairing and insuring lease to tReds Ltd (Shoe Retailers having approx. 29 branches) (T/O for Y/E 31/03/16 £15.9m, Pre-Tax Profit £49,844 and Shareholders' Funds £4.5m) for a term of 5 years from 25th March 2014 at a current rent of £47,500 per annum exclusive.
Note: The Rateable Value was set at £47,000 in April 2017 which correlates with the rent being paid.