Block of flats for sale in Union Street, Hereford HR1
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Property description
The uppers comprise 4x 1 bed flats and 2x 2-bedroom flats. 3x 1-bedroom flats are at 30A Union Street and are rented out. The other three flats are in shell condition.
Once developed and rented out as short-term accommodation, the erv would be approx. £78,000 p.a.
Key points:
- Mixed use property comprising 2 shops and 6 flats
- Freehold
- Total approx. Area is 443 sqm / 4,682 sq ft
- Price: £475,000 – no vat
- Rental income of £35,000 p.a.
- All units are underlet, plus 3 vacant flats
- Immediate asset management and development opportunity
Location:
Hereford is a city of over 50,000 people in Herefordshire, in the west of England, just east of Wales. Hereford has been identified as an area marked for regeneration and the new nmite engineering school is bringing another demographic and greater numbers to the area, adding to the local housing demand and boosting the economy.
The property is located on Union Street, right next to the town centre. It is close to parks including Castle Green, near the picturesque river Wye and has all amenities close by including a schools, hospitals, museums and restaurants.
Occupiers close by include McDonald’s, Waterstones, Halifax and a range of local boutiques and national retailers.
Vanderwald Estates have represented the information here based on information provided by the vendor. All potential buyers should only rely on their own due diligence and inspections.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Vanderwald, E5 on +44 1582 936564 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Vanderwald, and do not constitute property particulars. Please contact Vanderwald for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.