A GRADE II listed building with shop units and flats is up for sale in Hereford city centre.

On the market with agents Jackson Preece for £275,000, 48 Eign Gate and 4-6 Bewell Street is located in a central city centre location with frontage onto both streets, with Eign Gate being part of the pedestrianised centre.

It is surrounded by both national retailers and local shops, and part-developed student accommodation.

The agents said the mixed-use building has a gross rental income of around £23,000 per annum.

A service charge is payable by the occupational lessees and the long leaseholder.

48 Eign Gate

Jackson Preece said this is a grade II listed building, currently occupied by a European Supermarket.

The agents said the ground floor is used as retail space, while the basement and first floor are used for storage.

The property is let on a four-year term, expiring August 1, 2026, at a current rent of £8,400 per annum, increasing to £9,000 per annum on August 1, 2023.

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4-6 Bewell Street

The ground floor of the building is currently occupied by an education provider, and includes a classroom and reception, kitchen, toilet, and storage.

It is let on a 10-year lease, expiring October 10, 2027, at a current rent £7,427.04 per annum with three-yearly index-linked rent reviews and annual tenant break clauses.

Flat 1, 6 Bewell Street

This first-floor flat has an open plan kitchen and living room, with two bedrooms and a shower room.

The agents said it is currently let on an assured shorthold tenancy, with a guarantor, at a rent of £595 per calendar month.

Flat 2, 6 Bewell Street

The second flat is arranged over the first and second floors as a two to three bedroom flat. The agents said it is let on a 125-year lease from March 14, 2018, at a current rent of £50 per annum.

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