2-3 Talbot Square, Cleobury Mortimer, Kidderminster, DY14 8BQ
Ground floor retail premises and a 2 bedroom self contained flat in Kidderminster
A Part Vacant Freehold Commercial/Residential Investment Property Current Gross Rental Income £5,400 PA With Scope To Increase
Property DescriptionA vacant ground floor retail premises and two bedroom self contained flat to the first floor. The property offers potential for alternative uses subject to any necessary planning consents. The property is situated within the market town of Cleobury Mortimer on Talbot Square with an adjacent public car park. It has easy access to Kidderminster, Ludlow and Bridgnorth.
AccommodationGround Floor: Retail Shop, Office, WC, Store Room and additional Retail Space/Store.
First Floor: Separate gound floor entrance to Hall, Living Room, Kitchen, Two Bedrooms, Bathroom/WC.
Energy Performance RatingC
Council Tax BandFlat - A
TenureFreehold – Subject to the existing tenancy.
Site AreaWe understand the shop premises extend to 232sqm (2,497sqft) or thereabouts.
PlanningPlanning permission was granted by Shropshire Council for the conversion of the supermarket building(A1) to form two apartments under application 19/02824/FUL on 24th June 2019 subject to conditions.
Tenancy DetailsThe first floor flat is let on an assured shorthold tenancy at £450pcm- £5,400 per annum (full lease details will be available within the legal pack).
Auctioneer's NoteThe Auctioneers have not had sight of the tenancy agreement at the time of going to print and the tenancy details should not be relied upon.
At the time of going to print, the Auctioneers were unable to inspect the property internally and therefore the accommodation details should not be relied upon.
Please 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.