For Sale By Informal Tender - Offers to be Received by Noon Thursday 18th November 2021
Commercial Depot Tenanted with Residential Development Potential (Subject to Planning)
The commercial depot comprises of a range of buildings and hardstanding. The site benefits from an established access point off the A438 Hereford Road. The access which splits in two, provides a smaller lane to the west which is shared with the school (within the vendors ownership) and a further HGV access to the main depot yard to the east. The main gated entrance benefits from high security gates. The site is predominantly hard surfaced with hardcore and concrete. There is an area of undeveloped land to the north. The site Is tenanted and currently In use as both a highways depot and for manufacturing associated equipment. There are a range of warehouses, offices and stores.
Total GIA - 25,855 Sq.FT (2,375SQM)
Building 1 - 13,379 sq.ft
Building 2 - 2,368 sq.ft
Building 3 - 1,077 sq.ft
Building 4 - 2,519 sq.ft
Building 5 - 1,178 sq.ft
Building 6 - 5, 334 sq.ft
Site Area 9.45 Acres approximately.
The buildings are of varied construction with a series of steel portal framed buildings with blockwork elevations (in part), dual pitched roofs under corrugated cladding. There is a newly constructed warehouse with internal office space, which is steel framed with corrugated cladding and roller shutter doors however this is nearing completion (sold incomplete). There is a historic redbrick barn with a tiled pitched roof to the west of the site.
The site currently benefits from use under Class E of the Use Classes Order. Prior to this it is assumed that the site benefits from continued B1/B2/B8 use. The site appears to have scope for further commercial development or for redevelopment to accommodate a residentially led scheme, subject to obtaining planning consent. The site is within the jurisdiction of Herefordshire Council, where planning policy is covered by the Local Plan which was adopted in 2015. An indicative scheme has been prepared for 24 units. Please see the information pack for existing consents and more information.
Freehold subject to an occupational lease which appears to be within the '1954 Landlord and Tenant Act'. The tenant on site is 'Highway Care Ltd' (2506334). The lease has currently expired and the tenant is holding over. The tenant wishes to surrender part of the site and negotiate new lease terms. A copy of the lease is available within the data room. The property is currently owned as part of a private Pension Scheme.