Units on Netherwood Road, Rotherwas Industrial Estate, Hereford, Herefordshire, HR2 6JZ

Lot Image

Auction sale - Monday 19th February 2018

* Guide price:

£25,000

The successful purchaser will be required to pay a buyer’s administration fee of £990 (inclusive of VAT). Other additional costs/fees may apply – click here.

Upon the instructions of


  • Freehold
  • Two commercial ground rent investments
  • Producing £25 per annum
  • To be offered as two separate lots
  • Reversions from 2115

Addendum

Units on Netherwood Road, Rotherwas Industrial Estate, Hereford
Please see the correct sale plan in the legal pack.
Please note that the tenant for Lot 39 is believed to be Hereford Steels Ltd.

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 the M50 motorway (Junction 7). 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, with the properties lying in the centre of the estate fronting Netherwood Road.

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 bringing development and occupier advantages to the area. The property comprises two separate detached sites with each containing a single building of varied design, both facing and accessed off Netherwood Road.

Tenure

Freehold

VAT

Refer to the legal documentation

Energy Performance Certificate

No EPC required

Lot Number Address Accommodation Tenant Lease Terms Rent £ pa
Lot 39 Plot RHF Site area 1.98 acres (4,120 sq m) Hereford Fastenings 125 years from 13/12/2002 £25
Lot 40 Plot 433 Site area 1.25 acres (5,000 sq m) HR Smith Tech Test 125 years from 25/03/1990 Nil
The site areas areas for guidance only, please see sale plan.

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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