Marlborough House, Worcester Street, Kidderminster, DY10 1AY

For Sale By Public Auction on 15 May 2025 starting at 08:30 AM - A Freehold commercial investment property with potential for residential conversion of first floor, subject to obtaining the necessary planning consents
Current income £10,500 per annum

The property comprises ground floor retail accommodation with sales area, and ancillary areas including staff WC's and kitchen facilities to the rear. The first floor comprises office accommodation comprising three offices , a kitchen and staff WC's. Indicative plans have been drawn up for conversion of the first floor to a large two bedroom self-contained apartment.

Accommodation
Ground Floor: 1,684 sq. ft (156.44 sq m)
First Floor: 913 sq ft (84.82 sq m)
Total: 2,597 sq. ft. (241.26 sq m)


Location
The property occupies a prominent corner location at the junction of Worcester Street and Marlborough Street in Kidderminster town centre. The property is located close to the entrance to Rowland Hill Shopping Centre with other nearby occupiers being Vibe, Teaching Music Academy, Max Spielmann, Santander and Poundland. Kidderminster is located within Worcestershire, approximately 31 km (19 miles) south-west of Birmingham, 24 km (15 miles) north of Worcester and 23 km (14 miles) south-west of Dudley.

Energy Performance Rating
See legal pack

Tenure
Freehold Subject to the existing tenancy.

Value Added Tax
We are advised that VAT is not applicable, although purchasers should satisfy themselves in this regard.

Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.

Viewing Times
Strictly by appointment with the Auctioneers.

Tenancy Details
The ground floor is let to Driving Sales for a term of 6 years from 26th February 2020, expiring 25th February 2026. The passing rent is £10,500 per annum.
The first floor is currently vacant with an estimated rental value of £10,000 per annum.

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.

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.

Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.

*Definition of Guide Price and Reserve
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 available on Bond Wolfe’s website), 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’ on the Bond Wolfe website, 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.