Commercial Property
The property comprises a brick built two storey mid terrace building with a pitched roof located on Angel Street, Worcester.
The ground floor accommodation is accessed from an entrance fronting Angel street and is occupied by Worcester Hair Extensions Limited, with the accommodation comprising of a front trade area, WC, second treatment room and large rear storage area that could be configured into a further trading / treatment area.
Externally there is a court yard area. Approximate area 500 sq foot (45.5m2)
The first and second floor accommodation is occupied by a hair salon and is accessed via a separate entrance fronting Angel Street with a staircase leading to the first floor. This comprises two large treatment rooms, kitchen facilities, WC and a large landing with stairs leading to the second floor.
The second-floor accommodation comprises a landing and two large treatment rooms. Approximate area 682 sq ft (63.4sqm)
The property is located on Angel Street in the vibrant city of Worcester and is located a close distance to Worcesters Foregate Street Railway station and the Crowngate Shopping Centre in the heart of the shopping area.
In the immediate vicinity are a number of national retailers such as McDonalds and Toni and Guy along with a number of public houses and bars serving Worcesters night life.
We understand the property is Freehold and subject to the following leases:
Ground Floor
Let to Worcester Hair Extensions Ltd on a 10 year lease inside the LLTA 1954 commencing 01/10/17 at current rent passing £7,000pa benefiting from an Authorised Guarantee Agreement.
First and Second Floors:
Let to Ms Dung Ta on a 10 year lease commencing 01/08/18 at current rent passing £4,200pa rising to £4,800pa year 4 with a rent review 01/08/23
Please note the auctioneers have not had sight of the lease details and have been verbally advised. Interested parties are advised to check the legal pack for verification of the lease details.
We understand that VAT will not be chargeable on this transaction.
Freehold. Subject to tenancy.
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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