Perseverance Road, Hereford, HR49SN. New

Call +44 (0) 345 850 8929 | Email ngp@bnpparibas.com

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LOCATION

Total site area of 1.86 hectares (4.6 acres).

Situated in Hereford, a cathedral city approximately 16 miles east of Wales.

The site is located approximately 0.1 miles from the A49 Holmer Road and 0.7 miles from Victoria Road junction for A438, A49 the main routes in and out of Hereford.

Vehicular access stems directly from Perseverance Road along the southern boundary

The site is situated in Aydon Industrial Estate.

DESCRIPTION

1.86 hectare site to be sold as an investment/ asset management opportunity with potential for development subject to obtaining the relevant planning permission.

Site is to be sold Freehold.

TENANCIES

Cadent Gas Limited

Approximately 0.74 acres is let to Cadent Gas Ltd for a period of 10 years expiring September 2026 for an annual rent of £11,700. Cadent Gas use the site as a depot with associated offices. The right of way is shown on the site plan which is for access to both leased areas.

Noriker Perseverance Ltd

Approximately 1 acre to the north of the site is under an Agreement for Lease for use as an electricity generating facility.

The AFL is subject to the relevant planning permission, agreed specification of works and location of easements.

 Term of 30 years from completion of lease at an RPI linked rent of £25,000 per annum.

Lattice Telecommunications Asset Development Company Ltd

Approximately 0.03 acres towards the north of the site is let to LTADC at a peppercorn per annum

METHOD OF SALE

Offers are invited for the freehold interest in the property. Offers are invited on an unconditional basis. Offers must be submitted via hardcopy or email format to:

Richard Boyle,
BNP Paribas Real Estate
5 Aldermanbury Square,
London EC2V 7B,
richard.boyle@bnpparibas.com
 
Proposals are to be received no later than 12 noon on 3 August 2018.

Prospective purchasers are required when submitting offers to provide the following information:

  • Offers must be submitted on letter headed paper, stating the purchasing entity
  • The name of your solicitors;
  • Full evidence of your financial ability to complete the purchase;
  • Details of any conditions attached to your offer and the timescales to discharge them;
  • Confirm that you have read and taken into account the contents of the Information Pack;
  • Include sell–on overage and development overage proposals within your offer.
  • Proposed payment structure.

The vendor does not undertake to accept the highest or any offer submitted. Where an offer is made by an agent it must be accompanied by a letter from their principal outlining and confirming the basis of the offer made.

INFORMATION PACK

An Information Pack is available from the dedicated Property website at
 The information pack contains the following information;

  1. Title Information
  2. Environmental Report – Factual Desk Study*

*Please note that all Environmental reports will be redacted to only include factual information 

FURTHER INFORMATION

Please contact the below agents for further information;

RICHARD BOYLE

+44 (0) 20 7338 4889

Richard.boyle@bnpparibas.com

JODIE FALLS

+44 (0) 20 7338 4261

jodie.falls@bnpparibas.com

ROBERT BROPHY

+44 (0) 117 984 8450

Robert.brophy@bnpparibas.com

 

SUBJECT TO CONTRACT JUNE 2018

LOCATION

Total site area of 1.86 hectares (4.6 acres).

Situated in Hereford, a cathedral city approximately 16 miles east of Wales.

The site is located approximately 0.1 miles from the A49 Holmer Road and 0.7 miles from Victoria Road junction for A438, A49 the main routes in and out of Hereford.

Vehicular access stems directly from Perseverance Road along the southern boundary

The site is situated in Aydon Industrial Estate.

DESCRIPTION

1.86 hectare site to be sold as an investment/ asset management opportunity with potential for development subject to obtaining the relevant planning permission.

Site is to be sold Freehold.

TENANCIES

Cadent Gas Limited

Approximately 0.74 acres is let to Cadent Gas Ltd for a period of 10 years expiring September 2026 for an annual rent of £11,700. Cadent Gas use the site as a depot with associated offices. The right of way is shown on the site plan which is for access to both leased areas.

Noriker Perseverance Ltd

Approximately 1 acre to the north of the site is under an Agreement for Lease for use as an electricity generating facility.

The AFL is subject to the relevant planning permission, agreed specification of works and location of easements.

 Term of 30 years from completion of lease at an RPI linked rent of £25,000 per annum.

Lattice Telecommunications Asset Development Company Ltd

Approximately 0.03 acres towards the north of the site is let to LTADC at a peppercorn per annum

METHOD OF SALE

Offers are invited for the freehold interest in the property. Offers are invited on an unconditional basis. Offers must be submitted via hardcopy or email format to:

Richard Boyle,
BNP Paribas Real Estate
5 Aldermanbury Square,
London EC2V 7B,
richard.boyle@bnpparibas.com
 
Proposals are to be received no later than 12 noon on 3 August 2018.

Prospective purchasers are required when submitting offers to provide the following information:

  • Offers must be submitted on letter headed paper, stating the purchasing entity
  • The name of your solicitors;
  • Full evidence of your financial ability to complete the purchase;
  • Details of any conditions attached to your offer and the timescales to discharge them;
  • Confirm that you have read and taken into account the contents of the Information Pack;
  • Include sell–on overage and development overage proposals within your offer.
  • Proposed payment structure.

The vendor does not undertake to accept the highest or any offer submitted. Where an offer is made by an agent it must be accompanied by a letter from their principal outlining and confirming the basis of the offer made.

INFORMATION PACK

An Information Pack is available from the dedicated Property website at
 The information pack contains the following information;

  1. Title Information
  2. Environmental Report – Factual Desk Study*

*Please note that all Environmental reports will be redacted to only include factual information 

FURTHER INFORMATION

Please contact the below agents for further information;

RICHARD BOYLE

+44 (0) 20 7338 4889

Richard.boyle@bnpparibas.com

JODIE FALLS

+44 (0) 20 7338 4261

jodie.falls@bnpparibas.com

ROBERT BROPHY

+44 (0) 117 984 8450

Robert.brophy@bnpparibas.com

 

SUBJECT TO CONTRACT JUNE 2018

Contact Agent

agent

Richard Boyle


DD: 02073384889
M: 07909002937

Contact Agent

agent

Richard Boyle


DD: 02073384889
M: 07909002937