22 Eign Gate, Hereford, Herefordshire HR4 0AB

For sale by Auction. Contact the auctioneers for further details.
Offered in partnership with Sunderlands

A mixed use investment opportunity comprising a commercial unit and two apartments offered with a current income of £36,600 pa with scope to increase in line with current rents.

The premises comprises of a terraced, part commercial, part residential property accessed directly off Eign Gate.

To the ground floor is a large frontage with access. There is also a separate access on the opposite side of the property, adjoining Bewell Street, with a staircase (covered) leading to the basement retail area which contains a W.C and potentially further retail space.

The upper floors are accessed via a separate door off Eign Gate. The door opens to a communal hallway and staircase, with both flats accessed off the first floor.

Flat A is at the rear of the building and comprises a kitchen/dining/living area, a double bedroom and a family bathroom.

Flat B is to the front of the building. The first floor comprises of an entrance hallway and kitchen/living/dining area. There is an internal staircase leading to the second floor where there are two double bedrooms and a family bathroom.

The ground floor accommodation extends circa 1,396 sq. ft. or thereabouts.

All parts of the property are occupied under three different agreements, with total annual rent being £36,600.

Note Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Tenure: Freehold

EPC Rating: D D D

Terms:
Auction Details

The sale of this property will take place on the stated date by way of Single lot timed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 3% inc. VAT of the purchase price (subject to a minimum of £3,500 inc. VAT)

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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

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.