Retail Property (High Street)
A freehold low risk investment opportunity comprising two commercial units located within the popular Town of Bewdley, occupying a prime location along with the ground rents for the upper accommodation. Current Gross Income £32,000 per annum plus £150 per annum ground rent.
57 Load Street is a Grade II Listed mid terrace commercial unit with accommodation above (sold off) trading as the Vhujon Indian restaurant. The tenant has been in occupation since 2000 with a renewal lease for 25 years commencing 25 March 2025 with quarterly rent payment and rent reviews every 5 years held on an FRI basis in place.
58 Load street is a mid terraced retail unit (not listed) with accommodation above (sold off) extending 2,276 sq (or thereabouts) trading as a Care provider. The property is held on renewal lease originally dated from 2000 with the current lease commencing 24 June 2025 for a term of 5 years with rent passing of £16,000 pa.
Interested parties are advised to inspect the legal pack for copies of the leases in place and further details.
We are advised ground rent collected:
£150 pa in respect to number 58.
We are advised that there are 3 parking spaces to the rear used by the residential tenants above.
The town of Bewdley is positioned along the bank of the River Severn some 3 miles west of Kidderminster and 22 miles South West of Birmingham within the County of Worcestershire.
The properties are situated along the retailing pitch of Load Street within the heart of the Town Centre. National retailers such as Tesco express are within the vicinity along with a host of local retailers including pubs, restaurants bars and antique shops.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
We have not been supplied with evidence of rent increase for the lease of 58 Load Street within the legal pack (this has been requested) and therefore we cannot confirm the rental figure given in our marketing. 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 lease.
Yes
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
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 (subject to a minimum of £6,000 inc. VAT).
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.
