Potential annual income of £30,000. A mixed retail and residential investment opportunity comprising two shops with vacant upper floors having planning permission in place to develop into four one bedroom flats.
1-1A Bridge Street, Stourport-on-Severn, DY13 8XD
- 19
Key features
Guide Price: *
£164,000
Fees apply
Buyer's fee:£2,400
Legal fee:£784.80
All fees include VAT at 20%
Holding Deposit: *£2,600
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£164,000Bid history
1 bidR
08/12/2021 14:38:47 - £164,000
Method of Sale:
This property is being sold via traditional online auction and all interested parties should visit the auction section of the Eden Midcalf website in order to register to bid and to find out more about this method of sale: https://www.edenmidcalf.co.uk/sales/auctions.html
Location:
Based in the Wyre Forest District of North Worcestershire, Stourport-on-Severn has been a popular day-trip and holiday destination for over a century. The River Severn and the historic canal basins combine to provide a perfect backdrop for all sorts of family activities with the atmosphere of a true maritime holiday resort. The town itself offers a wide variety of both independent shops and large supermarkets, pubs, cafes and restaurants as well as family attractions such as the riverside meadows and playing fields, boat trips, amusement arcades and a traditional fairground.
The larger town of Kidderminster is just over 4 miles away, whilst Birmingham and Worcester are approximately 22 and 12 miles away respectively. The M5 can be accessed easily from either Junctions 5 or 6 and the mainline train station in Kidderminster has direct services to Birmingham, Worcester and London.
The property is prominently situated within the town centre at the junction of York Street and Bridge Street.
Planning:
The vacant upper floors have previously benefitted from full planning consent to convert into four one bedroom flats. The vendor informs us that due to some of the work having been started he has confirmation from Wyre Forest District Council that this planning permission is still valid.
Further details can be found by visiting https://www.wyreforestdc.gov.uk/planning-and-buildings/search-for-a-planning-application/ and looking up the following application numbers: 11 / 0435 / FULL and 11 / 0436 / LIST
Tenure:
The property will be sold as Freehold with vacant possession, subject to the following Leases:
1 Bridge Street
Vacant
Previous passing rent of £4,200 per annum
Rateable value – £2800
1A Bridge Street
Currently let to Gatsby and Belles hairdressers
Rent of £6,600 per annum
Rateable value – £5100
Upper Floors of 1 and 1A Bridge Street
Vacant
Services:
It is believed that all mains services are connected
Local Authority:
Wyre Forest District Council
Viewing Arrangements:
Viewing is strictly by prior appointment with Eden Midcalf. Please be aware that the vacant upper floors are in a poor state of repair.
Summary
- Auction end
- 8th Dec at 14:43
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 4
- Bathrooms
- -
- Council tax band
- Ask Agent
Summary
- Auction end
- 8th Dec at 14:43
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 4
- Bathrooms
- -
- Council tax band
- Ask Agent
This property is being sold by:
Eden Midcalf
01299 402392
5 Load Street, Bewdley, Worcestershire, DY12 2AF
†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 Auctions and Eden Midcalf Online Auction 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.
Refreshing the Page
To make sure that you are seeing the latest information for the property, we recommend you refresh the page. This ensures you're seeing live information and not stored (cached) data. If the page disconnects from the Internet, refreshing the page will show the latest information.
Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Eden Midcalf Online Auction. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions 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.