Lot 16 Click here for addendum
Freehold Commercial/Residential Investment – Gross Yield 12.9%
6 Week Completion
Situation
Located close to Union Passage which leads directly to the pedestrianised Commercial Street and near to the junction with Gaol Street and St Peters Square in the city centre.
Nearby multiples include McDonald's, Merkur Slots, The Entertainer, Waterstones, Halifax and Subway together with a wide variety of independent traders, cafés, bars and take-aways.
The Goal Street Car Park is less than 200 yards distant and the Hereford University Centre is less than a mile away.
Hereford is an historic Cathedral City located approximately 23 miles south-west of Worcester and 24 miles north-west of Gloucester.
Property
A mid terrace building comprising a Ground Floor Shop and Basement with separate front access (via No. 29a) to 3 Self-Contained Flats planned on first and second floors.
In addition, the shop benefits from rear access via Goal Street.
VAT is NOT applicable to this Lot
FREEHOLD
Planning
Planning Permission was granted by Hereford District Council on 7th April 2015 (now lapsed) for ‘Proposed renewal of roof to rear wing to facilitate an additional residential dwelling and associated alterations¹.
This Planning would enable the creation of a 1 Bed Flat.
Click here to view the Planning Documentation.
Note 1: Click here to view the plan of the first floor.
Note 2: No.24 Union Street is also being offered for sale in this auction - see Lot 15
Note 3: The vendor is likely to dispose of the centre property (Nos. 25-29) in our 4th April 2023 auction – refer to Auctioneers.
VIRTUAL TOUR
Click here to view the virtual tour of Flat 5.
Click here to view the virtual tour of Flat 6.
Click here to view the virtual tour of Flat 7.