Mixed Use
A brick built three storey terraced building surmounted by a pitched roof, containing three residential dwellings accessed from a separate entrance off Broad Street and two prominent commercial units fronting Broad Street.
The commercial accommodation comprises:
31 Broad Street: Trading as a general store; benefiting from rear storage area and WC having a trading area of approximately 345 sq foot (32 sq meters).
33 Broad Street: Trading as an antiques store and comprises of a trading area of approximately 517 sq foot (48 m2) and benefits from a rear storage area WC and access to a communal rear yard.
The residential accommodation comprises:
Three units with separate entrances accessed via a walkway leading from Broad Street to a courtyard area.
31A Broad Street: comprises of a spacious two-bedroom apartment over the ground, first and second floors benefitting from a large kitchen diner, bathroom and lounge.
31B Broad Street: comprises of a Ground floor studio apartment with a separate kitchen, lounge and bathroom.
35 Broad Street: comprises of a one bedroom apartment over the ground and first floor, with a separate kitchen bathroom and lounge.
Bromyard is a busy market town in Herefordshire, situated in the valley of the River Frome. It lies near to the county border with Worcestershire on the A44 between Leominster and Worcester. The property lies in a prominent position along the main Broad Street and benefits from on street parking. The area comprises many local retailers who cater form both local and tourism trade.
We understand the property is Freehold and subject to the following leases:
31b Broad Street: secured on an Assured Shorthold Agreement with rent passing of £325pcm currently rolling.
31a Broad Street: Vacant
35 Broad Street: we are informed the flat is let on an informal agreement producing £260pcm
31 Broad Street: secured on a lease with a passing rent of £2600pa currently on a rolling basis
33 Broad Street: secured on a lease with a passing rent of £1,020pa currently on a rolling basis.
At the time of writing we have not had sight of the leases and would advise interested parties to refer to the legal pack for more details.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.
