9 Cruxwell Street, Bromyard, Herefordshire, HR7 4EB
Freehold Town Centre Premises in Bromyard
Guide price*
£65,000+
Plus fees
Unsold, please refer to Auctioneer
Lot information
Commercial Investment
Mixed Use
Auction details:
Wednesday 23rd October 2019 @ 10:30AM
A Prominent Freehold Town Centre Premises, comprising ground floor consulting rooms and four flats held on Long Leaseholds
Property Description
The property comprises a prominent, well presented period building of brick and stone constructions, under a pitched slated and tiled roof sections. We understand the roof was replaced in 2017. The ground floor offers modernised accommodation, comprising three consulting rooms, reception area, kitchen and separate ancillary cloakroom/WC. The premises benefit from gas fired central heating and there is a car parking space situated immediately alongside. The property is considered suitable for a variety of other commercial uses or conversion to residential, subject to obtaining any appropriate planning permission. Above the consulting rooms and to the eastern side are a total of 3 one bedroom and 1 two bedroom flats which have been sold off on Long Leaseholds and are subject to the Freehold interest.Location
The property occupies a prominent position fronting the northern side of Cruxwell Street, near its junction of High Street and Tenbury Road within Bromyard Town Centre.The leisure centre, theatre and supermarkets are close by, together with a range of local retail, offices and residential dwellings.
Energy Performance Rating
C.Tenure
FreeholdFirst room is subject to licence to occupy, at a licence fee of £250 per calendear month.
Second room there is a verbal agreement and the licencee has been in occupation for approximately 12 years.
The third room is currently vacant.
The four flats are Long Leasehold and a combined gross rent of £200 per annum is payable to the Freeholder.
Further details and copies of the Leases and repair obligations will be contained within the legal pack.
Value Added Tax
We understand that VAT will not be chargeable upon this transaction.Auctioneers Note
Please note no offers will be considered prior to the Auction Sale.Viewings
Strictly by appointment with the Auctioneers.DISCLAIMER
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
LIVE-STREAMED AUCTION
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,160 inc VAT (£1,800.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
