Mixed Use
The property comprises a two storey mid terraced building of brick construction surmounted by a pitched roof. The building occupies a prominent position along the busy Worcester Road.
The accommodation comprises:
The commercial unit occupies the ground floor portion of the building and is access from the Worcester Road side. It is currently operated as a cafe and occupies an area of approximately 450 sq ft (40 sq m).
The residential units are accessed from the rear of the property via Merton Road which provides on street parking. The residential aspect comprises six self contained apartments each complete with kitchen and bathroom facilities and are decorated to a high standard.
The property occupies a prominent in Malvern and sits 0.4 miles from the Malvern link train station and Worcester is approximately 8 miles away.
The area comprises a vibrant mix of local retailers and is popular with both locals and tourists. National retailers such as Dominos Pizza, HSBC Bank and the Post Office are also close by.
Ground Floor:
247-249 Worcester Road - Let to London House Cafeon a 5 year lease commencing July 2016 at a rent of £15,000 per annum
First Floor:
Flat 1, 247 Worcester Road - A two bedroomed flat let on a rolling basis for £475 per calendar month.
Flat 2, 247 Worcester Road - A one bedroomed flat currently vacant.
Flat 3, 247 Worcester Road - A one bedroomed flat let on a rolling basis for £325 per calendar month.
Flat 1, 249 Worcester Road - A one bedroomed flat let on a 12 month term commencing September 2018 at £375 per calendar month.
Flat 2, 249 Worcester Road - A one bedroomed flat let on a rolling basis at £400 per calendar month.
Flat 3, 249 Worcester Road - A one bedroomed flat let on a rolling basis at £425 per calendar month.
We are advised VAT will not be applicable on this transaction.
Freehold. Part let/part vacant.
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.
