TOWN CENTRE DEVELOPMENT OPPORTUNITY, Bye Street, Ledbury, Herefordshire, HR8

Front Cover

DEVELOPMENT OPPORTUNITY AVAILABLE FOR SALE
TOWN CENTRE LOCATION
EXTENDING TO APPROXIMATELY 0.32 ACRES (0.13 H)
WITH BOTH RESIDENTIAL AND COMMERCIAL USES
RENTAL INCOME OF £19,800 PER ANNUM
GUIDE PRICE: £850,000

Location

Ledbury is a thriving and expanding town which has a range of local facilities and amenities including shops, schools, churches, restaurants, theatre, doctors surgeries, community hospital and a mainline railway station, with direct links to Hereford, Worcester, Birmingham New Street, Oxford, Reading and London Paddington. The cities of Hereford, Worcester and Gloucester are all approximately 16 miles distant with the M50 motorway available approximately 4 miles to the south of the town. The town enjoys a wide rural catchment area, as well as an increasing tourist trade.

Description

We are kindly instructed to market this exciting and rare opportunity to purchase a site with a town location, which has potential for development, subject to necessary consents. The site extends to approximately 0.32 acres (0.13 hectares), and comprises a three bedroom house, a shop with potential for two flats above, car sales site and buildings and garaging to the rear of the site.

44 Bye Street - provides 600 sq ft of retail and ancillary space situated on the ground floor and is currently let on a three year lease from 30 August 2024 at a rent of £7,500 per annum exclusive. The lease is excluded from the Landlord and Tenant Act 1954.

44A Bye Street - is a one bedroom second floor flats, which is in need to substantial refurbishment. Access is via an external steel staircase, and has potential to provide one/two bedrooms, living and kitchen accommodation.

44B Bye Street - provides two bedroom accommodation on the first floor and is currently let on an AST for £600 PCM. The accommodation includes: entrance; hallway; living room; bathroom; two bedrooms; kitchen and cloakroom.

44C Bye Street - is a two storey three bedroom property with courtyard. The accommodation briefly comprises to ground floor: Entrance; Hallway; three Bedrooms; Shower Room; and stairs to first floor, which includes: Landing; Living room; utility room; cloakroom; Kitchen.

Car Sales Site - with forecourt, garage with office. Currently vacant.

Mechanic Building - two double doors to front, with use of some of the adjacent garages at a rent of £425 PCM.

Rear Yard & Garages - comprising 12 garages, occupied by other occupiers on site.

Please note it in understood the rents are inclusive of services and utilities.



Services

We have been advised that electricity, water and drainage are connected to the property. This information has not been checked with the respective service providers and interested parties may wish to make their own enquiries with the relevant local authority. No statement relating to services or appliances should be taken to infer that such items are in satisfactory working order and intending occupiers are advised to satisfy themselves where necessary.

Directions

From the Agent's Ledbury Office turn left and left again into the High Street, take the first left hand turn into Bye Street, and the premises can be found after approximately 250 metres on your left hand side indicated by our for sale board.
POST CODE - HR8 2AA
WHAT3WORDS - ///curvy.insisting.dissolves

Energy Performance Certificate

The Mechanic Building - F (150)

The Car Sales Building - E (112)

44 Bye Street (Shop) - C (60)

44a Bye Street (Flat) - C (69)

44b Bye Street (Flat) - D (68)

44c Bye Street (House) - D (58)



Viewing

By appointment to be made through the Commercial Department at the Agent's Ledbury Office, Tel Option 3

General

Intending purchasers will be required to produce identification documentation and proof of funding in order to comply with The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. More information can be made available upon request.

John Goodwin FRICS has made every effort to ensure that measurements and particulars are accurate however prospective purchasers/tenants must satisfy themselves by inspection or otherwise as to the accuracy of the information provided. No information with regard to planning use, structural integrity, tenure, availability/operation, business rates, services or appliances has been formerly verified and therefore prospective purchasers/tenants are requested to seek validation of all such matters prior to submitting a formal or informal intention to purchase/lease the property or enter into any contract.

Agents Notes

PLANNING - No enquiries have been made of the local planning authority in order to verify the use classification and interested parties are advised to check with the local planning department.

The Mechanic Building - F (150)

The Car Sales Building - E (112)

44 Bye Street (Shop) - C (60)

44a Bye Street (Flat) - C (69)

44b Bye Street (Flat) - D (68)

44c Bye Street (House) - D (58)



Tenure

TENURE - We are advised (subject to legal confirmation) that the property is freehold and the property is for sale subject to the ongoing leases and tenancies.

GUIDE PRICE - £850,000.