Industrial & Yard Investment, Holmer Trading Estate, Hereford, HR1 1JS
30,665 Sq Ft / Industrial / Investment
For Sale
- £3,000,000.00
Available - Last updated: 23 March 2025
The Units are of steel portal frame construction, with a pitched insulated roof and full height cladding with eaves heights of 4.25m. The investment opportunity is as follows:
Unit 1
Unit 1 is currently let and the legal paperwork is in the processed of being finalised. It's understood that the Unit is let for £150,000 + VAT on a 10-year term from and including December 1st 2024. The lease includes break clauses & rent reviews in December 2029 & December 2034.
Unit 1A
Currently let on a Full Repairing and Insuring Lease to Taste for Adventure on a 10-year term from & Including 23 March 2018. The lease has been granted with the benefit of the Landlord and Tenant Act 1954 at a commencing rent of £22,400 + VAT. Rent Reviews are every five years reference to the open market.
Unit 1B
Currently let on a Full Repairing and Insuring Lease to Hereford Contract Canning (HCC) Ltd on a 10-year term from 1st December 2018 at a passing rental of £33,000 + VAT per annum with a RR at the fifth anniversary in reference to open market rent. The lease has been granted with the benefit of the Landlord and Tenant Act 1954 and had a tenant only break clause at the fifth year following 6-months prior written notice. HHC Ltd have an international score of A and risk score of 95.
The Yard
The Yard is currently vacant and is estimated to extend approx. 0.3acres. We understand this was let previously for £15,000 per annum and is made up of a hard standing surface surrounded by palisade fencing.
Location
The industrial property market in Hereford has seen steady growth, supported by demand from sectors like advanced manufacturing, food production, and sustainable technologies. Key industrial zones in the area include Rotherwas Industrial Estate, home to over 200 businesses and forming the backbone of Hereford’s industrial activities. Occupiers in the area include S&A Produce, Wyman-Gordon, BMW & Listers Land Rover.
Accommodation
Unit 1 - 17,782 sq ft
Unit 1A - 6,253 sq ft
Unit 1B - 6,630 sq ft
Yard - 0.3 acres
Terms
The property is offered to the open market For Sale of the Freehold - £3,000,000
Rateable Value - TBC
Energy Performance Certificate
Unit 1 - EPC C 57
Unit 1A - EPC B 50
Unit 1B - EPC C 57
Services - All interested parties are advised to make their own enquiries with the suppliers to ensure continuity of supplies.
Legal Costs - Each party will be responsible for their own legal costs associated with the property.
VAT - VAT is applicable on the final sale price agreed.
Specification
- Freehold Industrial Investment & Land
- Offers In the Region of £3,000,000
- Industrial Estate Forming Estimated 0.3 acres of land and 3 x Industrial Units
- Immediate Rental Income: £205,400 per annum
- Estimated Rental Income: £220,400 per annum
- Modern Steel Portal Framed Industrial Units
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| Offers in the Region of |
For Sale Freehold
|
£3,000,000.00
| NA |
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