15 New Street, Worcester, WR1 2DP
Freehold mixed use mid terraced property in Worcester
Guide price*
£410,000+
Plus fees
Unsold
Lot information
Commercial Vacant
Land/Development
Auction details:
Thursday 26th October 2023 @ 09:00AM
An Attractive Freehold Former City Centre Restaurant With Part Converted Upper Floors Comprising Studio Apartment And One Very Well Appointed One Bedroom Flat Located Within An Established Hospitality Circuit, having further potential to convert the upper floors
Property Description
An attractive three storey mid terrace plus basement, comprising on the ground floor a former well established Bistro with a fitted commercial kitchen and access to a rear courtyard. Part of the first floor has been converted into a well presented Airbnb apartment with modern styling throughout. There are two further rooms offering the potential for a similar conversion, whilst on the second floor there is a very well presented self contained one bedroom apartment complete with open plan kitchen and sitting room with new integrated appliances and modern stylish bathroom. These conversions have been undertaken to a very high standard whilst retaining many of the original period features and character. We have not undertaken a measured survey of the premises but understand they extend to approximately 2,933 sq. ft (272.5sq. m). All interested parties are advised that they should seek their own verification of areas and dimensions for their proposed future use.Location
The property occupies a prominent position fronting New Street within the heart of Worcester City Centre. New Street is full of Character buildings and forms part of the local hospitality circuit with a wealth of independent shops, restaurants, cafes, pubs, clubs, tea rooms and leisure amenities.Energy Performance Rating
See legal pack.Tenure
Freehold – Vacant possession upon completion.Value Added Tax
We understand VAT is applicable on this transaction.Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.Viewings
Strictly by appointment with the Auctioneers.DISCLAIMER
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 include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
LIVE-STREAMED AUCTION
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 £1,920 inc VAT (£1,600.00 + 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 has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. 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.
