Mixed Use
The premises occupy a prominent position on Worcester Road in Bromsgrove and comprise of a three storey mid terraced property of brick construction surmounted by a pitched roof.
The retail premises is occupied by a popular Caribbean cuisine take away with a trading area of approximately 300 sq ft (28 sq m) configured to provide a waiting area and separate food preparation area with an extraction unit leading to a rear courtyard. The retail unit also benefits from a substantial rear storage facility of approximately 200 sq ft (19 sq m) with power supply and wc along with a decommissioned walk in refrigeration unit.
We feel that this unit could potentially let separately in the future. However, it is currently let as part of the retail unit.
The first and second floor accommodation are accessed to the rear of the property via an external staircase leading to a first floor kitchen, a large lounge area leading to a spacious landing with stairs to the second floor accommodation with comprises of a double and a single bedroom and bathroom
The accommodation benefits from gas central heating (not tested) and is renovated to a high standard.
Externally there is a driveway to the rear and garage. Space for approximately four vehicles.
The property occupies a highly prominent position on Worcester Road, a short walk from Bromsgrove town centre. The local area comprises a number of local and national retailers and has a thriving nightlife. Bromsgrove has seen a huge development with many new house estates being built and excellent transport links.
We are advised that the retail unit is subject to a 5 year lease from February 2018 at a current rent passing of £10,500 per annum. The first and second floor accommodation will be vacant upon completion.
We understand that Value Added Tax will not be applicable.
Part let/part vacant.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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