Ground Floor retail at 31 Load Street, Bewdley
31 Load Street, Bewdley, DY12 2AS
- 0
Guide Price: *
£100,000
Fees apply
Buyer's fee:£1,800
All fees include VAT at 20%
Holding Deposit: *£3,200
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Highest bid:
£98,000Bid history
5 bidsO
07/03/2025 16:54:54 - £98,000
W
07/03/2025 16:54:40 - £96,000
O
07/03/2025 15:08:18 - £94,000
See all 5 bids ▾
Ground Floor Retail Premises at 31 Load Street, Bewdley, Worcestershire DY12 2AS
For sale by online auction – 5pm 7th March 2025
Guide Price - £100,000
Ground floor shop with the Freehold of the building. Gross internal area of 87.5m2 / 942 ft2
Situation
Located in a prominent position with the two centre of Bewdley. This attractive riverside town has a wonderful selection of high quality independent shops, together with many other attractions that bring in visitors. A location plan is incorporated within these sales particulars.
Description
A pretty Grade II listed building with steps up to the raised ground floor retail accommodation. Excellent primary retail space, with further stores and facilities to the rear, as well as a useful basement storage room.
The Freehold of the whole building is also being sold with the retail space. There are two flats above, on the first and second floors, subject to long leaseholds. Both have 99 year leases that commenced on the 28th December 1982, with an annual rent of £5.00.
Lease
The retail premises is currently let at £770 per calendar month (£9,240 per annum). The current lease is due to end on the 30th April 2025. The tenant has indicated that she may like to remain as tenant, if offered a new lease. The current occupier trades as Notions, which is an independent haberdashery.
VAT
We are informed by the owner that the premises is not subject to VAT.
Non-Domestic Rating Assessment
The rateable valuable from 1st April 2023 is £7,000. https://www.tax.service.gov.uk/business-rates-find/valuations/start/7120028000
Services
The premises are connected to mains water, gas and electricity.
Local Authority
Wyre Forest District Council.
Fixtures and Fittings
Any items of this nature not specifically mentioned within the confines of these sales particulars are to be excluded from the sale.
Anti Money Laundering
The successful purchaser will be required to submit information to comply with money laundering regulations.
Viewings
Via the Sole Agent’s Great Witley Office. Tel: 01299 896968.
THE AUCTION PROCESS
METHOD OF SALE
The property is offered for sale by online Traditional Auction (unless sold prior to auction). The selling agents are using the Bamboo Auctions platform. The Auction end date is 5pm on Friday 7th March 2025. The vendor reserves the right to withdraw the property for sale prior to the auction end date. For further details on the auction process and legal documents directly related to the property, please view our website.
ONLINE TRADITIONAL AUCTION PROCESS
Proof of identity – under the Money Laundering Regulations 2017 it is a requirement that all potential purchasers will need to formally identify themselves. In order to place a bid through the website you will need to register online and in doing so complete the ID checks. Please note that there is no charge for registration.
BUYER’S AND ADMINISTRATION FEE
The successful bidder will be required to pay through the Auction website a sum of £5,000. From this a fee for Bamboo of £1,800 (£1,500) is retained by Bamboo as a contribution towards the online platform cost. The balance of £3,200 (no VAT) goes towards the purchase price.
LEGAL PACK
Copies of the Legal/Auction Pack to include special conditions of sale, are available online to download. In order to access this prospective purchasers will need to have registered through the online platform. It remains the purchaser’s responsibility to ensure that they fully understand the information provided and make all further enquiries.
VENDOR’S SOLICITOR
Justin Parker of MFG Solicitors
Tel: 01562 820 181
Email: justin.parker@mfgsolicitors.com
COMPLETION DATE
28 days after the Auction end date.
Summary
- Auction end
- 20th Mar at 14:44
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- -
- Bathrooms
- -
- Council tax band
- Ask Agent
Summary
- Auction end
- 20th Mar at 14:44
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- -
- Bathrooms
- -
- Council tax band
- Ask Agent
This property is being sold by:
Worcester
01299 669 959
The Estate Office, Hill House, Great Witley, Nr Worcester, WR6 6JB
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and G Herbert Banks shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by G Herbert Banks. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
