Property description

LOCATION

18 Ryeland Street is located on the west side of Hereford City, north of the River Wye between Westfaling Street and Whitecross Road at the recently formed roundabout which leads into St. Nicholas Court. There are many flats and rented houses in the area close to several supermarkets, Aldi, Sainsbury’s and take away food outlets. Ryeland Street is within walking distance of a cycle route, north and south along the former railway siding and the City is abut half a mile to Eign Gate pedestrian underpass.

DESCRIPTION

The property is a refurbished Victorian end of terrace house which has been converted and extended into a mixed use investment property, of two one bedroom flats on the ground and first floor and a ground floor retail premises. The second floor of the house has been sold off on a long leasehold interest and ground rent is payable to the freeholder of the building.

There is a third flat on the second floor in the eaves of the roof space with two dormer windows. The third floor flat has been sold off on a leasehold basis. Ground rent of £400 per year is payable to the freehold owner of the investment.

INVESTMENT INCOME

There are four income streams summarised as rental income from the two flats let on Assured Shorthold Tenancies and a hair salon let on a Periodic Tenancy and the ground rent income from the top floor flat leaseholder. For further information about the rents contact the Agents.

ACCOMMODATION

GROUND FLOOR RETAIL AREA – A TENANCY WITH MONTAGUES STUDIO

SALON           11’9” x 13’1” (3.6m x 4m)

With laminate flooring, close boarded wall lining and to bay windows with frontages to Chandos Street & Ryeland Street. Fitted Blinds, 5 track spot lights and a central light fitting. Smoke alarm system and radiators with control valves. Wall mounted air conditioner and a good ceiling height of 8’10” (2.7m).

DOOR TO BASEMENT ROOMS

LOBBY           2’3” x 2’7” (0.7m x 0.8m)

Wide softwood stairs with handrails down to basement.

KITCHEN       4’3” x 11’9” (1.3m x 3.6m)

Marley clay tiled flooring, fitted stainless steel sink and draining board and cupboard space below. Wall mounted Worcester gas fired combination boiler.

ROOM 1         7’2” x 6’2” (2.2m x 1.9m)

ROOM 2         7’2” x 5’3” (2.2m x 1.6m)

WC                  5’6” x 6’2” (1.7m x 1.9m)

GROUND FLOOR FLAT 1 (ACCESSED FROM THE REAR PARKING AREA)

The present owner has built an extension on the original Victorian house. The flat has a well defined boundary and porch off the parking area. The front door and the kitchen and bathroom windows are UPVC and the roof is flat. The flat has a good ceiling height 8’9”.

FRONT DOOR INTO:

KITCHEN       10’ x 14’10” (3.1m x 4.5m)

Fitted kitchen with ceramic floor tiles and wall tiling, built in spotlights, and stainless steel sink and draining board. Wall mounted radiators and extractor fan. Worcester Combi Boiler.

DINING / LIVING AREA      10’10” x 6’6” (3.3m x 2m)

With laminate flooring.

BATHROOM              7’9” x 7’9” (2.4m x 2.4m)

A well apportioned bathroom wit fitted bath, shower, low level WC with floor and wall tiling, UPVC window.

BEDROOM                11’10” x 18’6” (3.6m x 5.6m)

With laminate flooring, double radiator and original sash timber casement window. High level circuit breaker board, radiator and fire alarm.

FIRST FLOOR FLAT 2

Similar in finishes to Flat 1.

HALL              3’1” x 12’1” (0.95m x 3.7m)

Fire door into Hall with laminate flooring, ceiling mounted smoke detector, door into kitchen and corridor leads to the bathroom.

KITCHEN/DINING/SITTING ROOM           12’1” x 15’1” (3.7m x 4.6m)

Laminate flooring, two sash windows to north-east and north-west. Fitted wall cupboards and space for a cooker, stainless steel sink with white splash-back tiles and marble effect work surfacing and eye-level cupboard. Pendant lights, fitted blinds and a wall mounted Worcester 24i condensing boiler. Electric distribution board at high-level.

BEDROOM                11’9” x 11’9” (3.6m x 3.6m)

Close carpeted room with former chimney breast and high ceiling with pendant light. UPVC casement windows, radiator and fitted curtain poles and curtains.

BATHROOM              7’10” x 10’5” (2.4m x 3.2m)

Laminate flooring with all pipe-work boxed into walls, pedestal wash hand basin, low level WC and steel bath with shower over and glass shower screen. Surface mounted ceiling light. Built-in cupboard with shelving and double panelled radiator.

THE FLAT ON THE SECOND FLOOR – A LEASEHOLD INTEREST

The second floor flat was sold as a Leasehold Interest on a 99 year lease from 6^th April 1990, leaving 77 years unexpired. The leaseholders pay ground rent and have to perform the covenants in the lease.  The leaseholder will be liable to reimburse the Landlord 25% of the outgoings. To contribute one third share of the cost of the maintenance repair and renewal of the structure and exterior of the property and the service and installations and cost of insuring the property. To pay one third of the outgoings for all electricity consumed in lighting the halls and stairways of the property. There is an annual ground rent payable of £50:00 per year which rises to £75:00 after 66 years and £100:00 thereafter.

SERVICES

Mains gas, mains electricity, mains water and drainage are available.

EPC HAS BEEN ORDERED

VIEWING

Viewings are strictly by appointment through Arkwright Owens, acting as sole agents with sole selling rights-  Telephone  (01432) 267213 or Julian Owens (07855) 744821

AGENTS NOTE

Arkwright Owens has not tested apparatus, equipment, fittings, or services and so cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor. The photograph may have been taken with the use of a wide-angle or zoom lens. All room sizes are approximate and if measured into a recess then this is indicated. The property is sold in the aforegoing particulars. Any item not mentioned herein is specifically excluded. April 30 REVISED 2014 Sep

Property Features :

• Flat
• 2 bedrooms