Office for sale

An opportnity to purchase a Freehold Office block with existing income stream

The Offices are located in central Hereford - More details to follow

LOCATION

Hereford is a Cathedral city and County Town of Herefordshire, England, part of the West Midlands. Hereford is situated on the north side of the River Wye approximately, 16 miles east of the Welsh Border, 24 miles south west of Worcester and 23 miles northwest of Gloucester. Aubrey Street is central to Hereford City centre, north of the River Wye close to Broad Street, King Street and St. Nicholas Street. Aubrey Street is parallel to Broad Street and is close to car-parks and private car-parking.

DESCRIPTION

In the 1980’s The Hereford Times Newspaper was produced at 26-28 Aubrey Street, then a firm of solicitors occupied the whole building and from January 2005 then sold to Dealistic Ltd which occupies a suite of offices on the second floor and the other suites are let out as offices with two ground floor retail units for investment income currently circa £47,000 and rising to £56,000 after 14 months.  

Dealistic Limited made some changes to the original building with two floors of offices set out in suites which were refurbished to include:

• CAT 5 data cabling,
• CAT 2 lighting,
• Key fob door locking      mechanisms per suite.
• Security Alarm.

Each suite is capable of having its own data cabling intranet and internal telephone system, so tenants do not have to rent or buy a telephone system. The Landlord re-charges the tenants for costs such as central heating, water and drainage.

EXISTING TENANTS ON LEASES

More information on income and tenants by discussion with The Agents.      

ALTERNATIVE USES

The building would convert into four two bedroom flats over the shops, subject to planning.

BUSINESS RATES

Ground Floor 28 Aubrey Street, Hereford  Offices & Premises           83.1 sq.m RV £4,800

26-27 Aubrey Street, Hereford      Hairdressing Salon and premises  76.5 sq.m RV £9,000

Unit 1, at 26-28 Aubrey Street, Hereford    Offices & Premises           46.6 sq.m RV £5,100

Unit 2, at 26-28 Aubrey Street, Hereford    Offices & Premises           56.4 sq.m RV £5,900

Unit 3, at 26-28 Aubrey Street, Hereford    Offices & Premises           96.9 sq.m RV £10,000

Unit 4, at 26-28 Aubrey Street, Hereford    Offices & Premises           59.6 sq.m RV £4,650

Unit 5, at 26-28 Aubrey Street, Hereford    Offices & Premises           55.6 sq.m RV £4,350

For further information contact Julie at Herefordshire Business Rates Team[use Contact Agent Button].

CAR-PARKING

There is no car-parking included with the freehold building. In the past Tenants have found their own car-parking spaces within walking distance of NCP car parks or Private non-allocated parking off-Berrington Street.

VAT

The Building is Opt to Tax and therefore VAT is payable on the purchase price and VAT is chargeable on all income.

SCHEDULE OF ACCOMMODATION

Suites

Use

Sq.m

Sq.ft

Unit 1

Office & Premises

46.6

501

Unit 2

Office & Premises

56.4

606

Unit 3

Office & Premises

96.9

1042

Unit 4

Office & Premises

15.3

164

Unit 5

Office & Premises

55.6

598

Shop 1

Office & Premises

83.1

894

Shop 2&3

Retail A1

76.5

823

Total

430.4

4628

EPC – D Rating – 9954-3010-0213-0990-8801 – Valid Unit 2029

VIEWING

Viewings are strictly by appointment through Arkwright Owens Chartered Surveyors, acting as sole letting agents -  Telephone [use Contact Agent Button] or Julian Owens[use Contact Agent Button]

AGENTS NOTE

These particulars are prepared for the guidance only of prospective purchasers. They are intended to give a fair and overall description of the property and do not constitute the whole or any part of an offer or contract. Any information contained herein (whether in text, plans or photographs), is given in good faith but should not be relied upon as being a statement or representation of fact. Nothing in these particulars shall be deemed to be a statement or representation of fact. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise nor than any services or facilities are in good working order. Any moveable contents, fixtures and fittings (whether wired or not) referred to in these property particulars (including any shown in the photographs) are, unless the particulars say otherwise, excluded from the sale. In the event that the buyer proposes to purchase any moveable contents or include them in any offer for the property, the buyer cannot in any respect imply such inclusions from the property particulars. Any areas, measurements or distances referred to herein are approximate only and may be subject to amendment. It should not be assumed that the property has all necessary planning, building regulations or other consents and these matters must be verified by an intending purchaser. The information given in these particulars is given without responsibility on the part of the agents or their clients and neither the agents nor their employees have any authority to make or give any representations or warranties whatever in relation to this property. Arkwright Owens has not tested apparatus, equipment, fittings, or services and so cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor. The photograph may have been taken with the use of a wide-angle or zoom lens. All room sizes are approximate and if measured into a recess then this is indicated. The property is sold in the aforegoing particulars. Any item not mentioned herein is specifically excluded. Revised 25/10/21/JTJO