31 Sidbury, College Road, Worcester, WR1 2HT
Sidbury, Worcester, WR1 2HT
- 0
Key features
Guide Price: *
£85,000
Fees apply
Buyer's fee:£4,800
All fees include VAT at 20%
Auction Type:
† Traditional
Opening bid:
£70,000Bid history
0 bidsSituation
The property occupies a prominent position on College Road, WR1 2NA, close to Worcester City Centre. Benefiting from excellent visibility and frontage, the premises are conveniently located close to Worcester City Centre and enjoy strong levels of passing pedestrian and vehicular traffic. The location is close to Worcester Cathedral, The Kings School Worcester and Cathedral Square. (retail / leisure).
Description
This ground floor retail premises has direct access onto Sidbury, with a glass shop front and door. It is occupied by the tenant as a beauty studio with front retail/reception area with various treatment rooms off, kitchen and WC.
Accomodation
806ft2 (74.93m2) (Gross Internal Floor Area).
GENERAL INFORMATION
Tenure
The ground floor shop is currently let under an occupational lease, generating a rental income of £9,500 per annum (£11.87 psf). The lease includes a tenant break option in 2028 and is due to expire in 2031.
The freehold interest is for sale, which includes the entirety of the 3-story building, with the first and second floor apartment being held, in separate ownership, on a long leasehold basis. The lease term is for 157 years from 1986, at a peppercorn rent (Title WR177234). There is a shared repair responsibility for the structure and external repairs. There is no service charge with costs being split on an ad hoc basis.
Guide price
The freehold of the property is available to purchase at £85,000.
VAT
We are informed by the Landlord that the premises are not subject to VAT.
Situation
The property occupies a prominent position on College Road, WR1 2NA, close to Worcester City Centre. Benefiting from excellent visibility and frontage, the premises are conveniently located close to Worcester City Centre and enjoy strong levels of passing pedestrian and vehicular traffic. The location is close to Worcester Cathedral, The Kings School Worcester and Cathedral Square. (retail / leisure).
Description
This ground floor retail premises has direct access onto Sidbury, with a glass shop front and door. It is occupied by the tenant as a beauty studio with front retail/reception area with various treatment rooms off, kitchen and WC.
Accomodation
806ft2 (74.93m2) (Gross Internal Floor Area).
GENERAL INFORMATION
Tenure
The ground floor shop is currently let under an occupational lease, generating a rental income of £9,500 per annum (£11.87 psf). The lease includes a tenant break option in 2028 and is due to expire in 2031.
The freehold interest is for sale, which includes the entirety of the 3-story building, with the first and second floor apartment being held, in separate ownership, on a long leasehold basis. The lease term is for 157 years from 1986, at a peppercorn rent (Title WR177234). There is a shared repair responsibility for the structure and external repairs. There is no service charge with costs being split on an ad hoc basis.
Guide price
The freehold of the property is available to purchase at £85,000.
VAT
We are informed by the Landlord that the premises are not subject to VAT.
Summary
- Auction end
- 26th Aug at 12:00
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- -
- Bathrooms
- -
- Council tax band
- Ask Agent
Guide Price: *
£85,000
Fees apply
Buyer's fee:£4,800
All fees include VAT at 20%
Auction Type:
† Traditional
Opening bid:
£70,000Bid history
0 bidsSummary
- Auction end
- 26th Aug at 12:00
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- -
- Bathrooms
- -
- Council tax band
- Ask Agent
This property is being sold by:
Worcester
01299 669 959
The Estate Office, Hill House, Great Witley, Nr Worcester, WR6 6JB
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Proptech and G Herbert Banks shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by G Herbert Banks. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Proptech or any individual in employment with Bamboo Proptech makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
Pursuant to the Auctioneer Act 1845, this auction is being conducted by the auctioneer stated above. All participants in this online auction shall note that both the Auctions (Bidding Agreements) Act 1927 and 1969 shall apply.
Where stated in the bid box above, you agree that Bamboo may pre-authorise your card for the amount of the Buyer's fee and Deposit. You will only be charged if you are the winning buyer. We will release the pre-authorisation at the end of the auction. You card issuer may take up to 10 working days for this amount to be available to you in your account.
