Retail premises for sale in Broad Street, Hereford HR4

Restaurant Premises
20 Broad Street
Hereford
HR4 9AP

Summary of features
•Prominent restaurant premises adjacent to Hereford Cathedral
•Extensive accommodation extending to 254.33sqm (2,739sqft) of restaurant and kitchen
•£40,000 per annum payable with lease expiry in 2032
•Excellent presentation and convenient central location
•Gross initial yield 8.7%

Location

The Subject property is situated at the southern end of Broad Street on its eastern side, between St Francis Xavier’s Roman Catholic Church and premises last occupied by the Royal Bank of Scotland. Opposite is Broadway House (office building) together with Thomas Carroll, Hereford Library, Museum and Art Gallery together with occupiers including Howden Insurance, Oxfam and the rspca. Both NatWest and Barclays Bank are also situated in Broad Street together with the Green Dragon Hotel. Hereford city centre and its associated amenities is a short walk to the north.

Description

20 Broad Street comprises an effectively end-terraced Grade II Listed two-storey building (with building) which was converted to its existing accommodation around 17 years ago.

The restaurant occupies the main ground floor premises from front to rear, but there is also extensive basement accommodation and storage. The ground floor premises are presented to a high standard with laminate and tiled floors, painted plaster walls with recessed spot and track lighting throughout. There are bespoke shop fittings throughout the front area and the restaurant seating area has potential for around 150 covers.

There is a kitchen situated off the side of the restaurant which links through to a washroom area with freezer room and office. Currently all normal commercial catering equipment is present within the property. The restaurant is very extensive and extends throughout the accommodation such that the side of the building has views over the Cathedral and its associated grounds. At the rear there is a slightly raised seating area from where one can access customers’ wc facilities and staff cloakroom and again the property is presented to a good standard with tiled floors, part-tiled walls and good quality fixtures and fittings. There is also rear access/disabled access approached from the Cathedral Close.

The basement element of the premises is used for dry and wet storage, plant and extraction rooms together with some rough storage area and air handling facilities.