Commercial Property for saleThe Corn Exchange, New Road, Kidderminster, Worcestershire, DY10 1AE
Guide Price* £145,000
- Ground floor shop with A3/A5 planning use
- Character property in the centre of Kidderminster
FOR SALE BY AUCTION AT DERBYSHIRE COUNTY CRICKET CLUB ON THURSDAY 8th December 2016 at 11.30am at a *Guide Price of £145,000 -£155,000
(Please refer to important notice at the front of our catalogue re guide and reserve prices.)Description:
Formally known as The Corn Exchange Public House this partially renovated commercial premises is ideal for a variety of uses and sits in the centre of this sought after town with an abundance of passing trade. N.B : The property has a restriction on fast food takeaway but can be used as a Chinese or Indian restaurant. Normal planning permissions and consents would have to be sought before any change of usage. Energy Rating :D . V.A.T. is chargeable and we quote at 20 per cent on 30 per cent of the property". i.e. if the property is sold for £150,000.00 v.a.t. would be charged at 20 per cent on £45,000.00, which would be £9,000.00 for example.
Ground Floor: Shop area
First Floor: One two bedroom apartment and two one bedroom apartments.
Powell & Co Solicitors, 9-11 Coleshill Street, Sutton Coldfield, B72 1SD.
For the attention of: Mr M Hepburn - Tel: 0121 355 1001.
Shipways, 4 Carlton House, Marlborough Street, Kidderminster, Worcester, DY10 1AY - Tel: 01562 829900.
CONDITIONS OF SALE
The Conditions of Sale will be deposited at the offices of the auctioneers, Bagshaws Residential, and vendors solicitors seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers, Bagshaws Residential, before the sale that the property is neither sold or withdrawn. The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
*Guide and Reserve Prices
Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits. The sale of each lot is subject to a contract documentation charge £750.00 (including VAT) payable on the fall of the hammer. If you are unable to attend the auction for any reason you can still bid on the property either by telephone or proxy bid, please contact the auctioneers for further information.
Guidance notes are set out in the catalogue in relation to auction property, particularly from a purchasing perspective.
Bagshaws Residential are contactable at 38 Cornmarket, Derby DE1 2DG Tel - 01332 542 298
Visit our Website www.bagshawsauctions.co.uk
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Bagshaws Residential, Derby Auctions on 01332 542296.
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