Retail for sale

16 St. Peters Street comprises a substantial and well-presented retail unit arranged over ground and first floor, extending to approximately 4,350 sq ft (404 sq m). The property occupies a prominent position on the pedestrianised St. Peters Street, one of Hereford’s key retail thoroughfares, with strong visibility and footfall.
The building forms part of an attractive mix of traditional and modern retail units in the city centre, surrounded by national and independent occupiers. The unit offers versatile retail accommodation suitable for a variety of high street uses.
Lease Summary
The entire property is let to Bonmarché Properties Ltd on a Full Repairing and Insuring lease expiring in 2030. The current passing rent is £43,500 per annum, with the next rent review scheduled for November 2026. The tenant’s break option in November 2026 was not exercised, providing income security until at least the next review date.
This is an attractive, income-producing freehold retail investment let to Bonmarché, a well-established British women’s clothing retailer with over 100 stores nationwide and hundreds of employees. The company generates significant annual turnover in the UK fashion sector and continues to trade successfully from this prominent city centre location. The combination of a strong covenant, secure lease term and high yield makes this an appealing addition to any commercial property portfolio.