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

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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