Potential development site for sale in Herefordshire town

The site in Ledbury town centre extends to around 0.32 acres and is on the market with agents John Goodwin with a guide price of £850,000.

The agents said the site comes with both residential and commercial uses and currently generates a rental income of £19,800 per annum.

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John Goodwin said the sale offers an "exciting and rare opportunity" to buy a site with potential for development, subject to the necessary consents, in the town.

The Bye Street site is currently home to a three-bedroom house, a shop with potential for two flats above, a car sales site and buildings, and garaging.

The agents said 44 Bye Street offers 600 square feet of retail and ancillary space on the ground floor and is currently let on a three-year lease from August 30 at a rent of £7,500 per annum.

The property comes with a one-bed flat in need of renovation, a two-bed flat currently let out on an assured shorthold tenancy, and a two-storey three-bed property with courtyard,

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It also has a car sales site with forecourt and garage with office, which is currently vacant.

A mechanic building and a rear yard and garages are also included, and are currently let out to various occupiers.

The agents said it is understood that the rents are inclusive of services and utilities.