Unit 1, Fir Tree Lane, Rotherwas Industrial Estate, Hereford, Herefordshire, HR2 6LA

Lot Image

Auction sale - Monday 11th December 2017

Result:

Sold for £54,000

Upon the instructions of


  • Freehold
  • Commercial ground rent investment
  • 1.68 acres (0.68 hectares)
  • Reversion 2088
  • Peppercorn rent

Details

Location

Hereford is a Cathedral City with a population of some 60,000 situated on the banks of the River Wye, 16 miles from the Welsh Border, 24 miles southwest of Worcester, 23 miles northwest of Gloucester and 20 miles from J7 of the M50. The region is heavily involved in the food and drinks industry. There are regular rail connections with Worcester, Birmingham, Manchester and London. The Rotherwas Industrial Estate lies to the southeast of the City and is approached via the A49. Fir Tree Lane lies on the northern edge of the estate, and is accessed off Straight Mile, in an area undergowing new Enterprise Zone development.

Description

The Rotherwas Estate has been developed upon 230 acres of land acquired by Herefordshire County Council in 1973. This large, well laid out and popular estate offers a wide range of units and occupiers, with further expansion underway. The estate lies alongside the Enterprise Zone so offering development and occupier advantages to the area. The property comprises two large single storey industrial units with associated yard space.

Tenure

Freehold

VAT

Refer to the legal documentation

Energy Performance Certificate

No EPC required

Address Accommodation Tenant Lease Terms Rent £ pa
TOTAL Nil
Unit 1, Fir Tree Lane 1.68 acres (0.68 hectares) Kingstoke Ltd 99 years from 01/10/1989 Nil

Contact

Seller's solicitor

Davitt Jones Bould

Philippa Hipwell

0161 399 0186

philippa.hipwell@djblaw.co.uk

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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