Next auction Thursday 20th June 2.30PM

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



Guide price

£25,000+


Property Type

Investment

Bedrooms

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 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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.

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

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