1-5 Charles Street, Worcester, WR1 2AQ
Pair of single storey retail units in Worcester
Guide price*
£225,000+
Plus fees
Sold for £225,000
Lot information
Commercial Investment
Commercial Vacant
Auction details:
Wednesday 30th March 2022 @ 09:00AM
A Pair Of Adjoining Freehold Single Storey Retail Units Offering A Rare City Centre Development Opportunity Subject To Obtaining The Appropriate Planning Permission
Property Description
The premises comprise two adjoining single storey retail units which could be reconfigured to provide one large retail unit considered suitable for a variety of retail and commercial uses, or a rare City Centre development opportunity subject to obtaining the necessary planning permission. 1-3 Charles Street currently operates as a hair salon which is well presented throughout with a main retail area, treatment room and WC. 5 Charles Street currently operates as a ladies fashion boutique and benefits from a good open plan sales area, stock room, office and WC.Location
The property is located within the heart of Worcester City Centre, fronting Charles Street and close to its junctions with Pump Street and the City Walls Road.The property is situated amongst numerous local and national operators including Cafe Rouge, Hotel Chocolat and Next.
Worcester is a popular and thriving riverside city that has recently benefited from significant investment including the Cathedral Square development and the Worcester Parkway railway station.
Accommodation
1-3 Charles Street: 831sqft (77.3sqm)5 Charles Street: 1,328sft (123.44sqm)
Energy Performance Rating
See legal pack.Tenure
Freehold.Lease Details
5 Charles Street- Let by way of a lease for a term of 12 months at £7,000 per annum.Value Added Tax
We understand that VAT is not chargeable on this transaction.Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.Remote Bidding Auction
This 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.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 £2,340 inc VAT (£1,950.00 + 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.
