Lot 17 - Flats 1,2,3 & 4 Riverview, Wye Street, Ross on Wye, Herefordshire, HR9 7BX
- Unconditional Online Auction Sale
- Guide Price* : £321,000+
- Bedrooms: 12
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Lot 17 - Block of apartments conversion for Owner Occupier/Investment
Description
ONLINE AUCTION from 15th APRIL -17th APRIL 2025
*Photos showing refurbishment are for illustration purposes only
A block of 4 derelict apartments with Planning Permission to covert and add an extra storey to create 6 x two-bedroom luxury apartments within walking distance to the bustling and scenic market town of Ross on Wye. The elevated position provides far reaching views across the River Wye with its picturesque walks and water pursuits.
The apartments were going to be developed by the Vendor as follows:
Building will be finished in face brickwork with inset powder coated double glazed, aluminium windows and external doors all under pitched tiled roofs with solar panels. High levels of thermal insulation will be incorporated throughout, and all apartments will have energy efficient domestic hot water systems and underfloor heating, security video door entry systems, oversized doors to maximise the flow of light, quality, white, contemporary bathroom suites with vanity units, frameless shower enclosures and chrome fittings, porcelain tiled and wooden floors. Staircases will have solid wooden treads and glass balustrading. The grounds will be professional landscaped with tasteful, subtle external lighting. Some apartments will have garaging and all will have parking areas.
Leases were for 999 years with a limited management company set up to ensure the continued up keep of the property and owners to automatically become directors and shareholders.
New owners may include the same specification or amend accordingly - within the planning guidelines/constraints.
We estimate each apartment will be worth around £250,000 - £280,000 with the above specification. Ross on Wye is an all year round tourist area and therefore the apartments could offer an excellent holiday let return.
Ross-on-Wye is a market town and civil parish in Herefordshire, England, near the border with Wales. It lies in south-east of the county, on the River Wye and on the northern edge of the Forest of Dean. Excellent transport links via s to A40, M50 with Bristol, Cardiff and Birmingham airports are just an hour or so away.
VIEWINGS:
Viewings are to be undertaken at your own risk. The property is in a poor state of repair, and we advise wearing suitable footwear.
Accommodation
See photo plans
Outside- once converted Garages/parking, Garden/s
Tenancies
To be sold with vacant possession
Tenure
Advised Freehold - to be verified by solicitor
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.5% of the purchase price (subject to a minimum of £1,500) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Viewing Information
| Fri 04 Apr 14:30 - 14:50 | Log in to book |
| Fri 11 Apr 14:30 - 14:50 | Log in to book |
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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Legal Documents
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If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
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