Unit 42 Chapel Road, Rotherwas Industrial Estate, Hereford, Herefordshire, HR2 6LD
Auction sale - Monday 19th February 2018
Sold for £62,000
Upon the instructions of
- Commercial ground rent investment
- 21,000 sq ft (1,951 sq m)
- Reversion 2122
- Producing £5 per annum
Unit 42, Chapel Road, Rotherwas Industrial Estate, Hereford
Please note that the tenant for Lot 33 is William Powell and Sons (Builders) Limited.
Please note that a revised form of transfer “Further Revised TP1 – V #3” together with an extra Title Plan have been uploaded to the website on 16/02/2018.
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 south west of Worcester, 23 miles north west of Gloucester and 20 miles from Junction 7 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. Chapel Road lies on the northern edge of the estate, and is accessed off Straight Mile, in an area undergoing new Enterprise Zone development.
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 a prominent detached single storey office and warehouse set within a fenced roadside site of about 21,000 sq ft (1,951 sq m), occupied by a construction company.
Refer to the legal documentation
Energy Performance Certificate
No EPC required
|Address||Accommodation||Tenant||Lease Terms||Rent £ pa|
|TOTAL||40,000 sq ft (3,755 sq m)||£5|
|Unit 42 Chapel Road||40,000 sq ft (3,755 sq m)||William Powell & Sons Ltd||125 years from 12/02/1997||£5|
Davitt Jones Bould
0161 399 0186
* 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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