Next auction Thursday 15th August 2.30PM

MillBank, Broad Street, Hay-on-Wye, Hereford, HR3 5DH



Sold
£22,000
Guide price

£30,000


Property Type

Investment


Key Features

  • A ground rent investment producing a combined rental income of £1,500 per annum
  • Ground rents from 6 apartments, each at £250 per annum
  • 999 years from 2008 with the benefit of a review in 2022

Part of the 26 September 2018 auction
Nottingham Racecourse at 2.30PM

A ground rent investment producing a combined rental income of £1,500 per annum, forming part of an attractive riverside development.

  • Ground rents from 6 apartments, each a £250 per annum
  • Plot 19 Millbank (parking space) at a Peppercorn Rent
  • Comprising an attractive residential development
  • Overlooking the River Wye close to the town centre
  • Approximately 20 miles west of Hereford
  • Specialist investment opportunity

This is a ground rent investment only - no viewings will be conducted.

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

999 years from 2008 with the benefit of a review in 2022 by CPI & rent reviews every ten years thereafter.

Email: jim.davis@daviswood.co.uk
Telephone: 01179 653 504

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