020 8904 5040

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Double fronted shop with high street/return frontage

Rental income of £19,020 per annum

Freehold with blue chip tenant

£350,000 or offers in the region for the freehold interest

New terms of lease to be advertised.

Large 1753.57 ft² commercial element

Town centre location

Freehold mixed-use building/ retail unit for sale in Leominster, currently let to William Hill. The current tenant is on an FRI lease for a term of 20 years from 2000 at a rent of £19,020 per annum. We are in negotiations with the current tenant about the renewal of the lease. The upper accommodation comprises of X4 flats all sold off on a long lease for 999 years paying £5 per annum in ground rent.

Location: Leominster is a town in Hertfordshire, England and is located at the confluence of the River Lugg and its tributary the River Kenwater, approximately 12 miles north of the city of Hertford. Leominster, with a population of some 40,000, is an attractive market town located close to the Herefordshire/Shropshire border some 13 miles north of Hereford, access to which is via the A49. Worcester and the M5 Motorway are some 28 miles to the east and Ludlow is 13 miles to the north.

Measurements:
Ground floor main retail area: 839.58 ft²
Ground floor secondary retail area: 377.05 ft²
Internal basement storage: 708.26 ft²

Total useful floor space: 1753.57 ft²

Tenure: Freehold

Rates: Interested parties should make their own enquiries to the local council.

VAT: All prices are exclusive of VAT.

EPC: To be confirmed.

Legal Costs: To be confirmed.

Viewings: By appointment with sole agents Glenmore Property Services Limited only.

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IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.