Jonathan Preece
01989 768555

FOR SALE 100 Commercial Road, Hereford

FOR SALE INVESTMENT/DEVELOPMENT OPPORTUNITY

100 Commercial Road, Hereford, HR1 2BJ

For sale £500,000

LOCATION
Hereford is a thriving Cathedral City situated approximately one hours drive from Birmingham, Bristol and Cardiff with London being approximately three hours drive away.

The property is located on the southern side of Commercial Road with extensive frontage to this busy main road. It is close to the city's bus and railway stations, hospital, car parks and other commercial premises. The city centre is a short walk away and Commercial Road has a number of bar, restaurant and retail premises.

DESCRIPTION
The main part of the building comprises a traditionally constructed building originally built in the late 1930's as a cinema. More recently it has been used as a nightclub and currently as a church. It comprises extensive space and includes an entrance foyer, spacious former auditorium, café area and space.

At the eastern end of the building is Planet Buffet, the original tea room associated with the former cinema, occupying an elevated position above Commercial Road and with an unusual curved design to one end. This section comprises a large restaurant area, catering kitchen, customer's toilets and further associated accommodation.

The western end of the building is a more recent addition, a former hairdressing salon and now occupied as a young people's drop in centre by a local charity. It comprises an open plan space, WCs, staff room and first floor office.

The property is subject to three leases.

Planet Buffet (Mr Y F Heung) - A lease renewal has been agreed for a 3 year term, at a rent of £16,000pa and contracted out of the Landlord & Tenant Act 1954.

100 Commercial Road (Freedom Church Hereford) - A short term 6 month lease has recently been entered into ending on 14 January 2021 pending a sale of the property at a peppercorn rental. The tenants previous lease was for a term of 5 years at a rental of £40,000pa.

1 Union Walk (Hereford Voluntary Organisation Support Service) - Subject to a 5 year IRI lease from September 2019, at a rental of £8,000pa and contracted out of the Landlord & Tenant Act 1954.



ACCOMMODATION
The overall building extends to approximately 1,700 sqm (18,250 sqft) with a site area of 0.40 acres.

There is frontage of approximately 80 metres to Commercial Road.

SERVICES
Mains water, drainage, gas and electricity are connected. There is air conditioning to part of the building.

N.B. None of the appliances or services have been tested in the property and interested parties should satisfy themselves as to their suitability and safety.

TERMS
Guide price £500,000 for the freehold interest.

OUTGOINGS
Rateable Values:
Planet Buffet £16,500
100 Commercial Road £60,000
1 Union Walk £12,250

VAT
VAT is not applicable to the rent

LEGAL COSTS
Each party to be responsible for their own legal costs incurred in this transaction.

OTHER
Services, Fixtures, Equipment, Buildings & Land - none of these have been tested by Jonathan Preece Ltd. Any interested party will need to satisfy themselves as to the type, condition and suitability for purpose.

MISPRESENTATION ACT
These particulars are prepared with care, but are not guaranteed and do not constitute, or constitute part of, an offer or contract. Intending purchasers must satisfy themselves of these particulars' accuracy by inspection or otherwise, since neither the vendor, nor Jonathan Preece Ltd shall be responsible for statements or representations made. The Vendor does not make or give, and neither Jonathan Preece Ltd nor any person in their employment has any authority to make or give any representation or warranty in relation to this property.
We would strongly advise anyone wishing to view this property to contact us first, particularly if travelling any distance, to confirm availability and to discuss any material facts relating to it which are of importance to them and we will endeavour to verify such information.

VIEWING
Strictly by prior appointment with the Sole Selling Agents, Jonathan Preece, Surveyors & Commercial Agents 01989 768555

  • FOR SALE 100 Commercial Road, Hereford
  • FOR SALE 100 Commercial Road, Hereford
  • FOR SALE 100 Commercial Road, Hereford
  • FOR SALE 100 Commercial Road, Hereford
  • FOR SALE 100 Commercial Road, Hereford
  • FOR SALE 100 Commercial Road, Hereford
  • FOR SALE 100 Commercial Road, Hereford
  • FOR SALE 100 Commercial Road, Hereford
  • FOR SALE 100 Commercial Road, Hereford
  • FOR SALE 100 Commercial Road, Hereford
Arrange a viewing

Ref: MO019647

MISREPRESENTATION ACT
These particulars are prepared with care, but are not guaranteed and do not constitute, or constitute part of, an offer or contract. Intending purchasers must satisfy themselves of these particulars' accuracy by inspection or otherwise, since neither the vendor, nor Jonathan Preece Surveyors, shall be responsible for statements or representations made. The Vendor does not make or give, and neither Jonathan Preece Surveyors nor any person in their employment, has any authority to make or give any representation or warranty in relation to this property. We would strongly advise anyone wishing to view this property to contact us first, particularly if travelling any distance, to confirm availability and to discuss any material facts relating to it which are of importance to them and we will endeavour to verify such information.

Contact us about 100 Commercial Road, Hereford, HR1 2BJ

If you have a query or would like to arrange a viewing of this property, please complete the form below and one of our team will be in touch shortly.

Jonathan Preece

Trenchard House, Edde Cross Street
Ross On Wye, HR9 7BZ

01989 768555
enquiries@jdpsurveyors.co.uk

Commercial sales & lettings

RICS - Royal Institution of Chartered Surveyors

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