Ref: JH017322
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 Jackson Preece Surveyors, shall be responsible for statements or representations made. The Vendor does not make or give, and neither Jackson 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.
FOR SALE - INCOME PRODUCING OFFICE INVESTMENT - 4-5 King Street, Hereford, HR4 9BW
FOR SALE - INCOME PRODUCING OFFICE INVESTMENT - 4-5 King Street, Hereford, HR4 9BW
4-5 King Street, Hereford, HR4 9BW
2057 sq ft
For sale £249,500
LOCATION
The property is located on King Street, on the southern edge of Hereford town centre and close to the city's historic cathedral and precincts in an area popular with estate agents, solicitors and professional firms.
Hereford is the county town of Herefordshire and has a population of approximately 53,000. The city is in the West Midlands and near the Welsh border.
DESCRIPTION
A mid terrace property of traditional timber frame construction with a brick built 20th century extension to the rear. The property is currently arranged as two separate letting units, namely 4 King Street and 5 King Street.
4 King Street comprises offices at both ground and first floor level.
5 King Street comprises an estate agent’s office at ground floor level with office accommodation to the rear and the two floors within the 20th century rear extension.
The property is Grade II Listed.
Externally to the rear there is an area laid to hardstanding and currently used for vehicle parking (we understand however there is no formal right to access this area with a vehicle).
SERVICES
Mains water, drainage and electricity are connected to the property.
NOTE : None of the services have been tested by Jackson Preece
Ltd.
TERMS
4 King Street is let by way of a lease which expires on 24th December 2028. The passing rental is £11,000 per annum exclusive.
5 King Street is let by way of a lease which expires on 24th December 2028. The passing rental is £11,000 per annum exclusive.
Further details on application to the marketing agents.
£249,500 for the freehold interest subject to the existing occupational leases.
OUTGOINGS
The 2023 Rating list shows individual rating assessments namely:
• 4 King Street is described as ‘Offices and Premises’ with a rateable value of £8,500.
• 5 King Street is described as ‘Shop and Premises’ with a rateable value of £9,700.
VAT
All prices are quoted exclusive of any VAT liability.
LEGAL COSTS
Each party will be responsible for their own legal fees involved in the transaction.
VIEWING
All viewings with prior appointment with Jackson Preece Ltd.
