***Investment Property ***
An opportunity to purchase a Freehold Office block with existing income stream
The Offices are located in central Hereford just off King Street with solicitors estate agents and cafes nearby
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 potentially circa £47,000 and rising to £56,000 after 14 months.
CAT 5 data cabling,
CAT 2 lighting,
Key fob door locking mechanisms per suite.
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.
Business Rates INformation:
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
Business Rates: For further information contact Julie at Herefordshire Business Rates Team 01432 260000
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.
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
Office & Premises 46.6 501
Office & Premises 56.4 606
Office & Premises 96.9 1042
Office & Premises 15.3 164
Office & Premises 55.6 598
Office & Premises 83.1 894
Retail A1 76.5 823
Total 430.4 4628
EPC – D Rating – 9954-3010-0213-0990-8801 – Valid Unit 2029
Full Price = £595,000 plus v.a.t.