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AGENT'S DETAILS


Leominster – Freehold Shops and Residential Investment

For sale: £235,000.00|3317 Sq Ft|Residential, General Retail, Mixed Use, Retail - High Street, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£235,000.00
SIZE3317 Sq Ft
ADDRESS40-46 West Street & 2A Rainbow Street, Leominster, Herefordshire HR6 8ES
TYPEResidential, General Retail, Mixed Use, Retail - High Street, Retail, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON2nd June 2020

DESCRIPTION

Investment Consideration:
A corner building comprising 2 Ground Floor Shops with separate front access to 2 Self-Contained Flats on the first and second floors.
Situated few hundred yards of the High Street within the town centre.
Development potential to convert the 2 flats into 3 or 4 smaller flats, subject to obtaining the necessary consents.
VAT is NOT applicable to this property.
Nearby occupiers include Halifax, Martins, Specsavers, Spar, Sue Ryder and Scrivens.

Property Description:
A corner building comprising two Ground Floor Shops with separate front access to two Self-Contained Flats on the first and second floors.

The property provides the following accommodation and dimensions:
No. 44 West Street (Shop)
Internal Width: 22'10"
narrowing to 16'3"
Shop Depth; 59'11"
Built Depth: 68'0"
Area Approx. 1,175 sq ft plus WC

No. 46 West Street (Corner Shop)
Internal Width: 10'6"
widening to 18'4"
Shop Depth; 25'3"
Built Depth: 29'10"
WC

No. 44A West Street
(First & Second Floor Flat)
Accessed from West Street:
2 Bedrooms, Living Room, Kitchen, Bathroom/WC
(GIA Approx. 910 sq ft)

No. 2A Rainbow Street
(First Floor Flat)
Accessed from Rainbow Street:
1 Bedroom, Living Room, Kitchen, Bathroom/WC
(GIA Approx. 710 sq ft)

Tenancy:
Shop No. 44 is at present let to M. Badman t/a Bed Retailer for a term of 3 years from 1st July 2017 at a current rent of £7,500 per annum and the lease contains full repairing and insuring covenants.

Shop No. 46 is at present let to an Individual for a term of 2 years from
1st April 2018 (Holding Over) at a current rent of £4,320 per annum and the lease contains full repairing and insuring covenants. Rent deposit held of £360.

The first/second floor residential flat (No. 44A) is at present let on an AST to an Individual for a term of 12 months from 20th March 2015 (Holding Over) at a current rent of £5,400 per annum.

The first floor residential flat (No. 2A Rainbow St) is at present let on an AST to an individual for a term of 12 months from 1st May 2016 (Holding Over) at a current rent of £3,780 per annum.

Location:
Located at the junction with Rainbow Street and being within a few hundred yards of the High Street within the town centre. Nearby multiple retailers include Halifax, Martins, Specsavers, Spar, Sue Ryder and Scrivens. There is also a Public Car Park nearby. Leominster is an attractive and historic market town which lies approximately 15 miles north of Hereford and 22 miles west of Kidderminster.

LOCATION

Location: 40-46 West Street & 2A Rainbow Street, Leominster, Herefordshire HR6 8ES

Leominster (0.5 miles)

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