Commercial Property
Unique freehold investment opportunity set in the heart of the market town of Leominster.
A unique investment opportunity to purchase a substantial freehold commercial and residential property set in the heart of the historic market town of Leominster. With a population of approximately 11,000 the town offers an excellent variety of shops together with good recreational and educational facilities.
The property itself includes a ground floor shop/office fronting onto one of the main central retail streets as well as further office space, kitchen, cloakroom and large meeting room. The property also benefits from one self contained 1 bedroomed flat which is separately accessed from the rear and is currently let providing a good annual income*. There is also allocated parking to the rear of the property. Both the shop and flat are currently let and will be sold with tenants in place - Please contact the selling agent for further information.
Agents Notes - 1. The shop is currently let - Please speak to the Agent regarding current lease information.
2. The self contained one bedroomed flat is currently let out on an Assured Shorthold Tenancy (AST) with an annual income of £5,160
3. Planning has been submitted for a 1 bedroom studio at the rear of the premises, Please contact the Agent for further details.
Services - We understand that all mains services are connected or available to the property.
Outgoings - Business Rates: The Property is listed as a shop & premises in the 2019 to date rating list with a rateable value of £7,200 such that the suitable owners may qualify for substantial small business rate relief.
Local Authority - The Herefordshire Council - 01432 260000
Jackson Property (Leominster) - Jackson Property for themselves and the vendors of the property, whose agents they are, give notice that these particulars, although believed to be correct, do not constitute any part of an offer of contract, that all statements contained in these particulars as to this property are made without responsibility and are not to be relied upon as statements or representations of fact and that they do not make or give any representation or warranty whatsoever in relation to this property. Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Services & Expenditure notes have been taken from https://checker.ofcom.org.uk/ and https://www.gov.uk/council-tax-bands
The agent has not tested any apparatus, equipment, fixture, fittings or services and so cannot verify that they are in working order or fit for their purpose, neither has the agent checked the legal documents to verify the freehold/leasehold status along with any tenancies that may be in place. The buyer is advised to obtain verification from their solicitor or surveyor.
Viewings - Strictly by appointment. Please contact the agents on 01568 610600 before travelling to check viewing arrangements and availability.
Viewings to be conducted under our viewings policies, copies of which can be found on www.bill-jackson.co.uk
