51 Broad Street, Worcester, WR1 3LR

For Sale By Public Auction on 15 May 2025 starting at 08:30 AM - A spacious and attractive freehold Grade II listed four storey city centre retail property considered suitable for a variety of alternative uses subject to any appropriate planning permission

The property comprises a four storey Grade II listed building of traditional brick construction currently providing retail accommodation on the ground floor and the rear of the first floor, whilst the first floor front and second floor provide storage space. The third floor historically was used as living accommodation but has been left unoccupied and unused for a number of years. The property also benefits from basement storage.
To the rear is part of a two storey building (hatched blue on the plan). This is subject to a lease of 63 years with effect from 25/05/1968 and assigned to Poundland. The property has a passing rent of £1,600 per annum.

Accommodation
Main Building: 1,039 sq. ft (96.53 sq. m).
First Floor Rear: 400 sq. ft (37.13 sq. m).
First Floor Front: 615 sq. ft (57.13 sq. m)
Second Floor: 497 sq. ft ( 46.17 sq. m)
Third Floor: 592 sq. ft (54.96 sq. m)
Total: 3,142 sq. ft (291.92 sq. m)
Rear Building
Ground Floor Storage: 340 sq. ft (31.6 sq. m)
First Floor Storage: 340 sq. ft (31.6 sq. m)
Total: 680 sq. ft (63.2 sq. m)
Please be advised that Bond Wolfe have not undertaken a measured survey of the premises and all interested parties may wish to seek their own verification of floor areas and dimensions.

Location
The property occupies a prominent position fronting Broad Street, a pedestrianised shopping street in the heart of Worcester City Centre, adjacent to the Crowngate Shopping Centre. Worcester benefits from an excellent retail and hospitality offering with the Crowngate Centre and Cathedral Square, popular destinations combined with a number of historic streets providing a diverse range of independent boutiques, bars, restaurants and coffee shops.

Energy Performance Rating
E

Tenure
Main Building: Freehold- Vacant possession upon completion.
Rear Building: Currently occupied by Poundland- having approximately 6 years unexpired at a current rent of £1,600 per annum.

Value Added Tax
We understand VAT is not chargeable in respect of this transaction.

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.

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.