Retail premises for sale

***under offer***

Zara House, 21 Union Street, Hereford, HR1 2BT

Prominent commercial/ residential investment premises in a central position.

Summary of features
•Frontage directly onto Union Street.
•Restaurant at ground floor and 6 flats above over 2 floors.
•Gross Income of circa £64,000 per annum
•Business unaffected

Description

The property comprises an effectively mid terraced three storey building in a prominent position on the street. The main building traditionally constructed of brick under pitched roof coverings. To the Union Street side is the main entrance to the ground floor restaurant, as well as a side gate giving access to the flats on the upper floors.

Internally, the restaurant premises are well presented and extensive. The occupier has been in situ since 2021, at which time they fully renovated the dated ground floor area. The ground floor comprises an open restaurant/ bar area, rear food prep area and rear external storage. The ground floor lease runs for a period of 10 years

The upper floors comprise 6 flats split over 2 storeys. The flats are all occupied, 5 of which are on periodic agreements, with one AST running until August 2025. 4 of the flats are studios, while 2 are 2 beds.

All property included by the sale is currently actively managed by Sunderlands. All are compliant with relevant regulations and policies.

Location

Zara House is situated on the eastern side of the city centre, with frontage directly onto the popular Union Street. Union Street is a one way route in to St Peters Square.

Within the immediate vicinity is the popular Bastion Mews, along with Mcdonalds, barbers, independent restaurants and bars.