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16 St. Peters St 3,965 SF 100% Leased Retail Building Hereford HR1 2LE $605,367 ($152.68/SF) 9.56% Cap Rate
Investment Highlights
- Well located freehold shop investment in the heart of Hereford city centre
- Producing a strong current income of £43,500 per annum
- Let to Bonmarché Properties Ltd until 2030 with the 2026 break option not exercised
Executive Summary
Prime city centre retail investment comprising a substantial 4,350 sq ft unit arranged over ground and first floor, prominently located on a busy pedestrianised high street and let on a full repairing and insuring lease until 2030 at a passing rent of £43,500 per annum, offering a strong and secure income-producing opportunity, available for offers over £455,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
3,965 SF
Building Class
B
Year Built
1987
Price
$605,367
Price Per SF
$152.68
Cap Rate
9.56%
NOI
$57,876
Percent Leased
100%
Building Height
2 Stories
Frontage
20’ on St Peters St
Amenities
- Signage
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Nearby Major Retailers
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Videos
Matterport 3D Exterior
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Photos
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Map
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16 St. Peters St
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