Lot 1 Click here for addendum
Freehold Ground Rent Investment with 3 Valuable Reversions
6 Week Completion
Situation
Located at the junction with Park Lane and High Street in the heart of the town centre nearby such multiples as The Co-operative Food, Coral, The Co-operative Funeralcare, Grape Tree, Tesco Express and McColls and a variety of independent retailers.
Bewdley is an historic, picturesque town, popular with tourists, approximately 3 miles west of Kidderminster and 20 miles south-west of Birmingham, enjoying good road access via the A456 which leads to the M5 (Junction 3).
Property
A Grade II Listed mid terrace building comprising a Ground Floor Shop with separate access via a front door and passageway to 3 Self-Contained Flats on the first, second and third floors.
VAT is NOT applicable to this Lot
FREEHOLD
Note 1: If this Lot does not sell in the auction, then Lot 10 (the head lease of the ground floor shop at 36 Load Street) will be immediately withdrawn.
Note 2: In accordance with s.5B of the Landlord & Tenant Act 1987, Notices have been served on the lessees and they have not reserved their rights of first refusal. This lot cannot be sold prior to the Auction.
Note 3: The Freeholder Insures. Total current sum insured is £620,127 and the total current premium is £728 p.a.
Note 4: A 1 bed flat at 35 Load Street sold in May 2018 for £77,500.