Mill Bank, Broad Street, Hay-on-Wye, Hereford, Herefordshire, HR3 5DH
Prior
Prior
£25,000+
Investment
6
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
- Overlooking the River Wye close to the town centre
Part of the
20 June 2024
auction
Trent Bridge Cricket Ground
at
2.30PM
Freehold Ground Rents secured against 6 flats producing a combined income of £1,500 pa located in the heart of Hay-on-Wye in Herefordshire.
- Freehold Ground Rents secured against 6 flats
- Comprising an attractive purpose built riverside development
- Overlooking the River Wye close to the town centre
- Close to a variety of local amenities
- Excellent transport links to town and surrounding areas
- Hay-on-Wye is an attractive market town of Hereford
- Producing a combined income of £1,500 pa
- Ground Rent per flat £250
- Plot 19 Millbank (parking space) at a Peppercorn Rent
- Specialist investment opportunity
No Viewings Available
Fees
A buyer's premium of £1,800 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, Auction Estates, and Vendors Solicitors 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 auction. Prospective Purchasers are advised to check with the auctioneers, Auction Estates, before the sale that the property is neither sold or withdrawn. The Purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Whilst Auction Estates make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of the properties in our auction and cannot therefore guarantee the safety and security of viewers. Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds, outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry to such sites is entirely at the viewers' risk.
Freehold Ground Rents secured against 6 flats producing a combined income of £1,500 pa. 6 flats on various Long leases (Refer to legal pack)
Refer to Legal Pack