Prominent Vacant Canteen / Cafe Available for Sale Leasehold in Hereford, within an Established Industrial Estate.
The property comprises a detached canteen/café premises, on a site of 0.45-acre, with residential flat to the first floor and a large car park.
The property is of brick construction, with double glazed windows providing extensive natural light, beneath a pitched steel-clad roof.
The café provides seating for approximately 85 covers, and includes servery counter, commercial kitchen, and ancillary accommodation including goods store, preparation area, wash-up area and male and female WCs. There is also a garage extension to the rear of the property.
To the first floor, there is a self-contained one-bedroom flat with kitchen and bathroom / WC, accessible via an independent entrance to the rear.
Externally, the property benefits from external seating and provides a large customer car park, with 2 vehicular access points.
Location
The property is centrally located within the Rotherwas Industrial Estate, an established industrial area situated approximately 2.5 miles south-east of Hereford City Centre. The estate is the principal industrial location within Herefordshire.
The property is located on Netherwood Road, which runs parallel with, and to the south of, The Straight Mile (B4399). The Straight Mile runs through the centre of the Rotherwas Industrial Estate.
The A49 is accessible a short distance to the north of the estate, connecting Ross-on-Wye to the southeast and Shrewsbury to the north. The A49 provides onwards connectivity to the M50 and A40, 15 miles to the east. The M50 subsequently links with the M5 at Junction 8, providing access to the wider Midlands and south-west region. The A40 (and subsequent A449), connects with South Wales and the M4 to the south.
The industrial estate sits within the Hereford Enterprise Zone, which has stimulated economic growth in the local area via a simplified planning regime, business rates discounts and super-fast broadband. The Enterprise Zone has facilitated the development of the adjacent Skylon Park, attracting millions of pounds of investment and significant new employment opportunities to the local area.
Accommodation
We understand the café / canteen provides 1,936 sq ft of accommodation (excluding the first floor flat).
The floor areas provided have been taken from the Valuation Office Agency.
Terms
Tenure - The property is held long leasehold under title no HE37086.
A summary of the lease terms are shown below:
Landlord - The County of Herefordshire District Council.
Lease Terms - 99 years from 01/11/1983
Passing Rent* - £11,600 pa.
Rent Review - 5 yearly, reviewd to higher of Passing Rent and Market Ground Rent.
The Market Ground Rent is to reflect the rent achieveable for the land at the property only (i.e. excluding all buildings on site).
User - Food canteen and take away and residential (to part).
Repair - Tenant to keep property in good and tenantable condition.
*Please note the passing rent stated is subject to determination of outstanding rent reviews.
A copy of the lease and accompanying Deeds of Variation are available within the Marketing Pack.
Planning - We understand the property has consent for its existing use.Interested parties are to rely on their own enquiries with the local authority.
Business Rates:
The property is assessed as follows:
Rateable Value: £9,600
Description: Café and Premises
Estimated Rates Payable (24/25): £4,790 (based on 49.9 p in the £)
Note, a purchaser may be eligible for small business rate relief andretail, hospitality and leisure relief. Interested parties are to rely on theirown enquiries with the local authority.
EPC - Rated B (41). A copy is available within the Marketing Pack.
Offers - Offers in the order of £200,000 are invited for the long-leasehold interest.
VAT - Prices are quoted exclusive of VAT.
Costs - Each party to be responsible for their own professional costs incurred in thetransaction.
Services - We understand all mains services are connected to the property; howevernone have been tested. Interested parties are to rely on their own enquiries.
Specification
- Detached vacant canteen/café with seating for c.85 covers
- Large customer car park on site of 0.45 acre
- First floor flat with independent access
- Centrally located on the Rotherwas Industrial Estate
- Circa 2.5 miles south-east of Hereford City Centre