HEREFORD CITY CENTRE – MIXED USE PROPERTY PROVIDING RESTAURANT AND THREE SEPARATE FLATS

Prominent town centre location
Substantial property of modern construction
Ground floor restaurant and kitchen
First floor storage area
Three separate flats
Potential for investors

The cathedral city of Hereford is the county town of Herefordshire and has a population of approximately 60,000. It is the commercial and economic centre for the county and the wider area. It is home to several major employers and a university campus linked to Worcester University. It has good communication links and a main line rail link to London.

The subject property is situated on Union Street at the hear of the busy city centre. It is surrounded by a large number of retail, leisure and residential properties all ensuring the busy footfall of potential customers and occupants of the residential element of the building. The property itself offers accommodation over three floors and is of modern construction, being newly built in 2006. It enjoys a modern sandstone clad frontage and a flat roof.

TRADE AREAS 
Front entrance into well appointed RESTAURANT seating 72 customers with a tiled floor and bar counter. Electric dumb waiter to first floor. CATERING KITCHEN appointed to a good standard. Ladies, Gentlemen’s and Disabled TOILETS. STORE ROOM. 
First floor
Large STORE ROOM including walk in chiller and freezer with dumb waiter. Food PREPARATION ROOM.

RESIDENTIAL ACCOMMODATION 
First floor:
FLAT 1: providing an open plan KITCHEN/LOUNGE with additional BEDROOM and BATHROOM.
Second floor:
Two further flats vis.
FLAT 2: with open plan KITCHEN/LOUNGE, BEDROOM and BATHROOM.
FLAT 3: providing open plan KITCHEN/LOUNGE and DINING ROOM, with three BEDROOMS and BATHROOM.

EXTERNAL 
To the side of the property is a small YARD with a pedestrian right of way to independently owned residential properties at the rear of the subject premises. 

The Golden River Restaurant is operated by the vendors and currently trades seven evenings per week and five lunch times. The business carries a takeaway menu which historically proved very popular. At present, with the limited hours and no delivery, it is achieving gross sales of approximately £3,000 per week.

The three flats have always been used by family members and staff, and therefore not produced income. There is undoubted scope to rent the properties if required as the access is separate from the restaurant premises. 

FREEHOLD £750,000 to include goodwill and fixtures & fittings. Stock at valuation in addition. 

All mains services are connected.
Local Authority: Herefordshire Council
Rateable Value: £35,000 as at 1 April 2023