Summary - Widemarsh Street, Hereford, HR4 9EP HR4 9EP
1 bed 1 bath Commercial Property
Large Georgian freehold with immediate income and redevelopment potential.
Ground and basement retail fully let, established local tenants
A substantial mixed‑use freehold on Widemarsh Street, offered as Imperial Chambers with strong high‑street footfall and immediate income of c. £45,000 pa from fully let ground floor retail and two rented flats. The Georgian building spans four floors, retains period features—sash windows, fireplaces, high ceilings—and includes rear communal parking for two cars. Its central location sits close to the Maylord Orchards retail scheme and Hereford’s main shopping corridor, supporting steady pedestrian traffic year‑round.
The property is set up for an investor: ground and basement retail units are let to established local operators, and two large two‑bed apartments occupy the first and second floors on assured shorthold tenancies. Individual services, recent boilers in the flats, and a mains‑powered alarm system simplify management. The size and layout also offer scope for rental growth or repurposing with planning checks.
Buyers should note material negatives plainly. The area records very high crime and is classified as deprived; that can affect tenant demand, insurance and yields. EPC ratings vary (C–E across units) and some units, particularly apartment 2 and retail 2, will benefit from energy upgrades. Car‑parking is limited and shared with retail occupiers, which may restrict tenant convenience. Business rates and full passing rent details require verification.
This is a value‑add, income‑producing central asset for an investor or small portfolio purchaser who understands inner‑city risks. The combination of solid passing income, historic character and central retail exposure creates clear upside for active asset management, energy improvements and lease re‑negotiation where appropriate.
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