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Lot 14 Click here for addendum

Freehold – Vacant Former Bank + Office with Change of Use to 4 Flats
6 Week Completion

Situation

Occupying a prominent position at the corner of Burgess Street and the High Street, in the heart of the town centre, nearby multiples such as Chancellors, Nationwide, Savers, Holland & Barrett and William Hill as well as a wide variety of independent retailers.
There is a Pay & Display public car park to the rear of the property.
Leominster is a historic market town lying approximately 15 miles north of Hereford and 22 miles west of Kidderminster.

Property

A substantial corner building comprising:

Former Bank on ground and lower ground floors (Vacant).
Self-Contained Office on the second floor (Vacant - see ‘Planning' section).
6 Retail Units at ground floor level forming a covered parade which runs from the High Street to the rear of the property (Each sold-off).
Public Library on part ground and first floors (Sold-off).
Self-Contained Basement Storage Unit beneath the parade (Let until 2032).

We understand there is a lift in the building, but it is not currently operational.

VAT is applicable to this Lot

FREEHOLD

Click here to view the floor plans.

Video Tour

Click here to view the video tour of the Former Bank.

Click here to view the video tour of the Second Floor Office.

Planning

On 25th July 2023, The County of Herefordshire District Council confirmed ‘PRIOR APPROVAL IS NOT REQUIRED' for change of use of the 2nd floor from commercial to dwellinghouses (C3) - Conversion of former offices to 4 no. self-contained apartments' Ref: P231673/PBA.
The plans provide for 4 x 1 bed flats.

Click here to view the Prior Approval Documentation.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

The Buttercross, Leominster, Herefordshire HR6 8BN