1-3 Oxford Street, Kidderminster, DY10 1BB
Town centre commercial property in Kidderminster
Unsold, please refer to Auctioneer
A Substantial Freehold Town Centre Mixed Use Investment Opportunity Comprising Three Retail Units and Two Apartments
Property DescriptionThe property comprises a substantial three storey mixed retail and residential property. Comprising one retail unit on the lower ground floor with a frontage to Oxford Street together with second and third retail units at ground floor fronting Worcester Street. On the first floor there is two further open-plan rooms suitable for sales and storage and two, two bedroom apartments together with an outside decking area.
LocationThe property occupies a prominent position lying between Worcester Street and Oxford Street having frontages to both, within the heart of Kidderminster town centre. Within the vicinity there is a varied mix of retail and other leisure and commercial amenities, including Kidderminster Town Hall and Council Offices which lie opposite to the Oxford Street frontage.
Kidderminster lies approximately 17 miles south west of Birmingham city centre and approximately 15 miles north of Worcester city centre.
Energy Performance RatingCommerical - D & Residential - D
TenureFreehold – Vacant possession upon completion.
Value Added TaxWe understand that VAT is chargeable on this transaction.
ViewingsStrictly by appointment with the Auctioneers.
|Lower ground floor net sales area||180.96 sq.m.||1,948 sq.ft.|
|Offices||25.8 sq.m.||278 sq.ft.|
|Kitchen||23.6 sq.m.||254 sq.ft.|
|Ground floor net sales area||524.4 sq.m.||5,644 sq.ft.|
|First floor net sales area||138.8 sq.m.||1,494 sq.ft.|
|Kitchen||15.6 sq.m.||168 sq.ft.|
|Living Accommodation||2 No. Two Bedroom Apartments with Lounge, Kitchen and Bathroom.|
|Total Accommodation: (approx.)||1,324.6 sq.m.||14,258 sq.ft.|
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.
REMOTE BIDDING AUCTION
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*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.
8 self contained flats, suitable for redevelopment, subject to obtaining the necessary planning consents in West Heath