Jonathan Preece
01989 768555

FOR SALE - INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY Sullivan House, 72-80 Widemarsh Street

FOR SALE - Sullivan House, Widemarsh Street, Hereford HR4 9HG

Sullivan House72-80 Widemarsh Street, Hereford, HR4 9HG

For sale £695,000

LOCATION
Hereford is a thriving Cathedral City situated approximately one hours drive from Birmingham, Bristol and Cardiff with London being approximately 3 hours drive away.

The property is situated on the Eastern side of Widemarsh Street, with separate access from Catherine Street. It is located close to the city centre, near to the Old Market Development, with its cinema, shops, and numerous restaurants.

On the opposite side of Widemarsh Street is a multi-storey carpark.

DESCRIPTION
The main building is believed to date from the 1950's, with a reinforced concrete frame, with glazed frontage and concrete floors. To the rear is a brick built former warehouse, with a metal lattice frame to the pitched roof. The ground floor of the main building is currently occupied by a Thai restaurant, dental clinic and beauty salon. The first floor was last used as offices and has been partially stripped out.

The ground floor property is subject to 3 leases.

72-74 Widemarsh Street (Herefordshire Denture Clinic) subject to a 3 year lease from April 2017 at a current rent of £5,639pa. The Tenant is currently holding over.

76 Widemarsh Street (Hereford Beauty and Aesthetics) subject to a 3 year lease from April 2017 at a current rent of £6,000pa. The Tenant is currently holding over.

78-80 Widemarsh Street (Simply Thai Kitchen) subject to a 3 year lease from April 2017 at a current rent of £12,000pa. The Tenant is currently holding over.

The remainder of the property including the first and second floors, adjoining warehouse and basement have planning consent for a change of use to 10 apartments comprising 6 no. 1 bedroom units and 4 no. 2 bedroom units together with bin and cycle storage and 5 carparking spaces. (Planning application no.192324 - determination that prior approvable is not required for change of use). A copy of the determination and plans are available upon request or alternatively on Herefordshire Councils website.

ACCOMMODATION
The overall buildings extend to approximately 13,350sqm 14,530sq ft. With a site area of 0.17 acres.

SERVICES
Mains water, drainage and electricity are connected.
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
Price

£695,000 for the freehold interest.

OUTGOINGS
Rateable values:
72-74 Widemarsh Street - £5,200
76 Widemarsh Street - £5,600
78-80 Widemarsh Street - £10,000

The upper floors are not currently rated.

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 Letting Agents, Jonathan Preece, Surveyors & Commercial Agents 01989 768555

  • FOR SALE - INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY Sullivan House, 72-80 Widemarsh Street
  • FOR SALE - INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY Sullivan House, 72-80 Widemarsh Street
  • FOR SALE - INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY Sullivan House, 72-80 Widemarsh Street
  • FOR SALE - INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY Sullivan House, 72-80 Widemarsh Street
  • FOR SALE - INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY Sullivan House, 72-80 Widemarsh Street
  • FOR SALE - INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY Sullivan House, 72-80 Widemarsh Street
  • FOR SALE - INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY Sullivan House, 72-80 Widemarsh Street
  • FOR SALE - INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY Sullivan House, 72-80 Widemarsh Street
Arrange a viewing

Ref: 10099

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 Sullivan House72-80 Widemarsh Street, Hereford, HR4 9HG

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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