20 Church Street, Upton-upon-Severn, Worcester, WR8 0HT
Grade II Listed town centre restaurant premises in Upton-upon-Severn
Thursday 19th May 2022 @ 09:00AM
A Deceptively Spacious Freehold Grade II Listed Town Centre Restaurant Premises, Extending To Approximately 1,355 sq.ft. (125.88 sq.m.) Considered Suitable For A Variety Of Alternative Uses Subject To Obtaining The Necessary Planning Permission
Property DescriptionThe property comprises a deceptively spacious ground floor commercial premises recently used as a restaurant with approximately 40 covered dining area, casual seating areas, fitted commercial kitchen, male, female and disabled WC's. The property has useful cellar storage and many original features including part flagstone, part timber flooring and feature fireplaces. The property is considered suitable for a continuation as a restaurant/bar or a variety of alternative retail and commercial uses subject to any necessary planning consents. The upper floor comprises two flats which have been sold long leasehold each paying a ground rent of £150 per annum to the freeholder.
LocationThe property occupies a prominent position fronting Church Street overlooking the Heritage Museum knows locally as the "Pepperpot", being the tower of the original Church.
The property is located close to the centre of the historic riverside town of Upton Upon Severn, which serves a wide rural catchment area.
Upton on Severn is a thriving tourist town and is famed for its many spring and summer festivals.
The town is well located lying approximately 5 miles south east of Malvern, 10 miles from Worcester and 6 miles from Tewksbury. There is good access to the national motorway network via junction 1 of the M50 motorway approximately 3 miles distance.
AccommodationRestaurant/Seating Areas: Comprising Front Restaurant, Reception/Meeting Area and Main Dining Area- 987sqft (91.69sqm).
Ancillary Accommodation: Comprising Kitchen and Two Stores- 368sqft (34.19sqm) Giving a total approximately 1355sqft (125.88sqm)
Male, Female and Disabled WC's.
Energy Performance RatingE
TenureThe property is freehold subject to the long leasehold interest of the first floor flats, each producing a ground rent of £150 per annum, further details will be available within the legal pack.
Vacant possession of the ground floor upon completion.
Value Added TaxWe understand that VAT is not chargeable on this transaction.
Auctioneer's NotePlease note offers may be considered prior to the Auction Sale.
Remote Bidding AuctionThis property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.
ViewingsStrictly by appointment with the Auctioneers.
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.