Guide price
£675,000
Retail premises for saleUnion Walk, Commercial Road, Hereford HR1
Just added
Freehold
About this property
Mixed use investment opportunity in close proximity to Hereford City Centre.
Popular, central location
Total income circa £56,000 per annum. Erv fully let £67,000 per annum.
Established occupiers in immediate vicinity.
Businesses unaffected.
Union walk, commercial street, hereford.
Summary of features
•Mixed use investment opportunity in close proximity to Hereford City Centre.
•Popular, central location
•Total income circa £56,000 per annum. Erv fully let £67,000 per annum.
•Established occupiers in immediate vicinity.
•Businesses unaffected.
Situation
The various properties comprising Union Walk, Commercial Road are situated on a popular retail street located a short distance from Hereford City Centre and its associated amenities.
Occupiers in the local vicinity include Wetherspoons, Hogarths, Freedom Church and Hereford Gold. Hereford County Hospital is located nearby just off Commercial Road, with Hereford Train and Bus Stations nearby.
Description
The properties forming Union Walk are traditionally constructed offering 5 individual commercial properties.
The block itself comprises 4 ground floor units let to a variety of users including an eatery, barbers, music shop and electronics shop. Units 48b and 48c are situated on the frontage with Commercial Road, the remaining properties are facing Union Walk itself. The properties facing Union Walk have extensive frontage.
On the upper floors there is office accommodation, and space forming part of the music shop. Access to the office accommodation is via a door off Union Walk, with a staircase leading directly to the main office entrance. This office accommodation extends over most of Union Walk and adjoins other first floor accommodation which forms part of the music shop, which overlooks Commercial Road. It is unoccupied and offers potential for alternative uses.
There is no parking included at the rear.
Summary of features
•Mixed use investment opportunity in close proximity to Hereford City Centre.
•Popular, central location
•Total income circa £56,000 per annum. Erv fully let £67,000 per annum.
•Established occupiers in immediate vicinity.
•Businesses unaffected.
Situation
The various properties comprising Union Walk, Commercial Road are situated on a popular retail street located a short distance from Hereford City Centre and its associated amenities.
Occupiers in the local vicinity include Wetherspoons, Hogarths, Freedom Church and Hereford Gold. Hereford County Hospital is located nearby just off Commercial Road, with Hereford Train and Bus Stations nearby.
Description
The properties forming Union Walk are traditionally constructed offering 5 individual commercial properties.
The block itself comprises 4 ground floor units let to a variety of users including an eatery, barbers, music shop and electronics shop. Units 48b and 48c are situated on the frontage with Commercial Road, the remaining properties are facing Union Walk itself. The properties facing Union Walk have extensive frontage.
On the upper floors there is office accommodation, and space forming part of the music shop. Access to the office accommodation is via a door off Union Walk, with a staircase leading directly to the main office entrance. This office accommodation extends over most of Union Walk and adjoins other first floor accommodation which forms part of the music shop, which overlooks Commercial Road. It is unoccupied and offers potential for alternative uses.
There is no parking included at the rear.
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Monthly repayment
£3,376 per month
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