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Lot 10 Withdrawn Prior
Refer

Ground Floor Shop, 36 Load Street, Bewdley, Worcestershire DY12 2AS

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Lot 10   Click here for addendum

Commercial Investment
Gross Yield 10.7%
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

Forming part of a Grade II Listed mid terrace building comprising a Ground Floor Shop.

Accommodation

Ground Floor Shop
Gross Frontage 16'11"
Internal Width 11'11"
Shop Depth 42'11"
Built Depth 60'2"
2 WCs

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from completion at a peppercorn ground rent.

Tenancy

The property is let on a full repairing and insuring lease (by way of service charge) to S. Talbot-Newell as a Tattoo Studio for a term of 6 years from 8th November 2016 at a current rent of £7,000 per annum exclusive.

Rent Review 2019 (not actioned)

Note: If Lot 1 (Freehold of 36 Load Street) does not sell in the auction, this Lot will be immediately withdrawn even if the reserve price has been met.

Enquire about this lot:

Photo of John Barnett

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,000 plus VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.