Mixed Use
A mixed-use investment opportunity located along High Street Alcester providing a low-risk opportunity. The property comprises a mid-terraced three-story building.
20C - To the ground floor is a retail unit trading as Spice Rooms. The tenancy is held on a 25 year term commencing 2017 with rent reviews every 5 years. Current rent passing is £13,200pa.
22C - The first and second floors are occupied by a 3-bedroom maisonette. The tenancy is held on an AST commencing April 2023 for 12 months with rent passing £725 pcm.
Interested parties are advised to inspect the legal pack for more information.
Alcester is a Roman town and has a multitude of interesting historic features, attracting tourist trade as well as local. The town has a population of approximately 7,500 residents and is regarded as a desirable and affluent location.
Alcester lies approximately 8 miles west of Stratford-upon-Avon and 7 miles south of Redditch, close to the Worcestershire border.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
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 Variable Fee (England and Wales).
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 auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyers 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 Price
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.
