48 West Street, Leominster.
HR6 8EU Price: £245,000

Contact property agent:

Leominster Office
01568 610 600
leominster@bill-jackson.co.uk

 

Prominent Corner Position

Rural Market Town

Shop Premises

Two 1-Bedroomed Flats

Let On Assured Shorthold Tenancies

Excellent Investment Opportunity

 

FULL PARTICULARS

Leominster is a busy rural market town with a good range of shopping, recreational and educational

facilities and serving a wide catchment area, having a resident population of approximately 11,000 and

a catchment population of approximately 40,000.

This prominently situated Shop is sold Freehold together with two 1-Bedroomed Flats over/adjacent and

gives the potential for an excellent investment/rental income.

The whole is more particularly described as follows:-

Standing on a prominent corner site at the juncture of West Street and Rainbow Street with display

window to both elevations and a central glazed entrance doorway into the

MAIN SHOP AREA

25' x 12'8 (7.62m x 3.86m)

Has a wide open arch with steps up to a

SECONDARY SHOP AREA

25' x 12'3 (7.62m x 3.73m)

With a high ceiling and good fluorescent lighting and power points as appropriate. The shop currently

trading in the sale of wholefoods could be used for a number of purposes, subject to any necessary

permissions. It has a

REAR STORE ROOM AREA

11'6 x 6'8 (3.51m x 2.03m)

And a Cloakroom Area with WC and wash basin.

Two 1-Bedroomed Flats above are included in the Freehold sale.

SCHEDULE OF RENTALS

The Shop is currently Let at a rental of £5,000 per annum on a Lease until August 2015. The current

Tenant is prepared to vacate if necessary.

Flat No. 1 produces a rental in the order of £400 per calendar month.

Flat No. 2 produces a rental in the order of £365 per calendar month.

SERVICES

Mains Electricity, Water & Drainage connected.

OUTGOINGS

SHOP - Rateable Value: £4,200

Payable 2014/2015 £1,978.20

FLAT 1 - Band A

Payable 2014/2015 £1,054.20

FLAT 2 - Band A

Payable 2014/2015 £1,054.20

LOCAL AUTHORITY

The Herefordshire Council - 01432 260000

VIEWING

Strictly by prior appointment through the Agents, Jackson International. Tel: 01568 610600

02 April 2014