Summary - 15A, WEST STREET HR4 0BX
1 bed 1 bath Retail Property (high street)
Large mixed-use high-street investment with income and reversionary rental potential.
- Freehold mixed-use parade, c.11,022 sq ft total
- Passing rent £75,000 pa; ERV £85,000 pa
- Prominent West Street location near central car park
- Close to new student accommodation and active retail pitch
- Traditional red-brick façades with character features
- No dedicated parking or rear garden; on-street servicing only
- Located in a deprived area with a very high crime rate
- Units vary in condition; some maintenance and refurbishment needed
A substantial mixed-use high-street parade on West Street, Hereford, offered as a freehold investment with immediate income. The property extends to approximately 11,022 sq ft across multiple ground-floor retail units and first-floor accommodation, producing a passing rent of £75,000 pa against an ERV of £85,000 pa. Its prominent town-centre position benefits from passing pedestrian and vehicle traffic and a large public car park at the western end of the street.
The parade houses a diverse range of long-established occupiers nearby and has a new student accommodation block very close by, supporting demand for retail and service uses. Externally the traditional red-brick façades, arched shopfronts and sash windows give character and ongoing appeal; internal condition and layouts vary between units and will require inspection for specific upgrade or refurbishment works.
Material considerations are set out plainly: the property sits within a deprived area with a very high recorded crime rate, and there is no dedicated parking or rear garden. Some parts show weathering and will need routine maintenance or cosmetic refurbishment; leases vary in term and should be reviewed. For an investor seeking a central, multi-let high-street asset with reversionary rental upside and refurbishment potential, this parade offers scale and adaptability in a busy retail parade close to the city centre.
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