Summary - 9 HIGH STREET HEREFORD HR4 9AA
1 bed 1 bath Retail Property (high street)
Long new Cornish Bakery lease in Hereford city-centre — strong footfall, some area risk.
Prominent Victorian corner freehold on Hereford High Street
A prominent period corner freehold in Hereford’s busy High Street, let on a new 10-year lease to Cornish Bakery Limited at £50,000 pa. The tenant opened in summer 2025 after investing around £300,000 in a major shop fit; the lease is full repairing and insuring, protecting the income stream. Ground-floor sales are extensive with high glazed frontage and strong pedestrian footfall from neighbouring multiples and the Cathedral Quarter.
The building is newly refurbished externally with retained Victorian stone façade, arched windows and high ceilings. The property extends to a substantial overall size (circa 6,000 sq ft) with large open-plan ground-floor trading, ancillary accommodation to the first floor and unused upper floors/attic. The basement has been voided to maximise retail area. There is no flood risk and mobile/broadband connectivity is strong.
Key investment considerations: the tenant has a tenant-only break on 15 April 2031 (six months’ notice), which creates reversion risk mid-term. The property sits within a conservation area, which may constrain external or heritage-sensitive alterations to upper floors. The immediate area records high crime levels and socio-economic deprivation, which are important for occupational and management planning despite high footfall and proximity to major retailers.
Upper floors may offer future conversion potential subject to planning and conservation constraints, but they are currently unused and accessed only with a photographic record of condition. This is a freehold town-centre asset offering a single-let income-producing opportunity for investors prepared to accept the local area profile and lease break risk.
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