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Agent's details

Leominster – Freehold Shops and Residential Investment

For sale: £150,000.00|1,108 Sq Ft|Residential, Flat, General Retail, Retail - High Street, Mixed Use, Retail, Other Property Types & Opportunities

Property details

FOR SALE£150,000.00
SIZE1,108 Sq Ft
ADDRESS2C/D/E Rainbow Street, Leominster, Herefordshire HR6 8DQ
TYPEResidential, Flat, General Retail, Retail - High Street, Mixed Use, Retail, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON2nd June 2020

Description

Investment Consideration:
The property is arranged as a mid terraced building comprising two Ground Floor Shops (one used as an office) with separate front access to a Self-Contained Flat on the first floor.
VAT is NOT applicable to this property.
Nearby multiple retailers include Halifax, Martins, Specsavers, Spar, Sue Ryder and Scrivens.

Property Description:
The property is arranged as a mid terraced building comprising two Ground Floor Shops (one used as an office) with separate front access to a Self-Contained Flat on the first floor.

The property provides the following accommodation and dimensions:
No. 2C (Ground Floor Shop)
Internal Width 9'11"
widening to 12'10"
Shop Depth 19'3"
Built Depth 25'8"
Kitchette, WC

No. 2E (Ground Floor Shop)
Internal Width 10'4"
widening to 15'10"
Shop & Built Depth 41'3"
Kitchette, WC

No. 2D (First Floor Flat)
Residential Flat
Comprises 1 Bedroom, Living Room, Kitchen and Bathroom/WC
Approx. 473 sq ft

Tenancy:
The ground floor shop No. 2C is at present let to L Cleaver t/a Gold Exchange for a term of 3 years from 1st January 2018 at a current rent of £3,500 per annum and the lease contains full repairing and insuring covenants. The ground floor shop No. 2E is at present let to Cockett & Company Ltd t/a Chartered Accountant for a term of 5 years from 1st January 2018 at a current rent of £4,000 per annum and the lease contains full repairing and insuring covenants. The rent for shop No. 2E will rise to £4,500 per annum from 2021. The first floor residential flat is at present let on an AST to an individual for a term of 6 months from 20th November 2016 (Holding over) at a current rent of £4,500 per annum.

Location:
Located close to the junction with West 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

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Location: 2C/D/E Rainbow Street, Leominster, Herefordshire HR6 8DQ

Leominster (0.5 miles)

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