Valore Real Estate purchased the HSBC High Street bank on behalf private investors for a 6.85% NIY.
The property is prominently situated in a prime retail location, occupying a corner position of the High Street and High Town, within the cathedral city of Hereford.
The building benefits from a return frontage and provides a banking hall and office accommodation on the first and second floors. It is let in its entirety to HSBC Bank Plc on a 15 year lease from 19th October 2006 (expiring 18th October 2021).
Savills acted on behalf of the vendors, M&G.