We are back in the auction room for our 21st July auction!

 

1-3 Oxford Street, Kidderminster, DY10 1BB

Town centre commercial property in Kidderminster

Guide price*

£450,000+

Plus fees

Unsold, please refer to Auctioneer

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Finance available on this property

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Lot 94 Commercial Vacant
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Auction details:

Wednesday 3rd July 2019 @ 10:30AM

Holte Suite, Aston Villa FC, Trinity Rd, Birmingham B6 6HE

A Substantial Freehold Town Centre Mixed Use Investment Opportunity Comprising Three Retail Units and Two Apartments

Property Description

The 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.

Location

The 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 Rating

Commerical - D & Residential - D

Tenure

Freehold – Vacant possession upon completion.

Value Added Tax

We understand that VAT is chargeable on this transaction.

Viewings

Strictly by appointment with the Auctioneers.

Accommodation

Sq.m. Sq.Ft.
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.
Decking area
Living Accommodation 2 No. Two Bedroom Apartments with Lounge, Kitchen and Bathroom.
Total Accommodation: (approx.) 1,324.6 sq.m. 14,258 sq.ft.
We have not undertaken a measured survey of the premises and all interested parties should seek their own verification as dimensions and floor areas.
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 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

Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only.  You must pre-register to bid for each auction no later than 24 hours 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.

Remote bidding registration