1-5 Charles Street Worcester, WR1 2AQ

For sale by online auction (subject to sale prior, reserve and conditions) Description The property comprises a two-storey building of brickwork construction, surmounted by a pitched tiled roof, which has recently been replaced. The property is split into four retail units and x 2 two-bedroom flats. Retail Units 1-4 provide ground floor accommodation, with Unit 5 providing ground and first floor accommodation. Units 1-5 benefit from WC and kitchenette facilities. To the first floor are x 2 two bedroom flats, which are newly converted to a high specification. To the rear of the building is a surfaced and electric gated car park, comprising 5 parking spaces. Total area about 4,315 sq ft (400.8 sq m) Total Income £70,500 pa exclusive of Vat Location The property is located in Worcester City Centre, fronting Charles Street, at its intersection with the A38 City Walls Road adjacent to historic Friar Street, New Street, High Street and Cathedral Plaza. Surrounding occupiers include some of Worcester’s flagship national retailers and premium boutique outlets. Foregate Street train station is a 5 minute walk and provides regular and direct access to London, Birmingham, and Bristol. Important Notices This property is available for sale by online auction. Interested buyers will need to register in advance and complete an ID verification before being able to place a bid. There is no charge for registering. Buyers should allow sufficient time to complete this process before the time period expires. Full details can be found on Fisher German’s online auction page www.fishergerman.co.uk/current-auctions. Guide Price £650,000 For sale by online auction (subject to sale prior, reserve and conditions). Tenure Freehold, subject to existing occupational tenancies detailed below. The freehold interest of the adjacent ground floor and first floor flat (4A Charles Street) is included in the Title.This flat was sold off on a long leasehold for a term of 999 years from 26th June 2019. The flat has rights to use one car parking space Title Number HW87339. Legal Pack A legal pack and any special conditions will be available on Fisher German’s online auction page and interested parties will need to register before accessing the legal documents. It is the responsibility of a prospective buyer to make all necessary enquiries prior to the auction. Each party to bear their own legal costs in respect of this transaction excluding the cost for searches detailed above. Condition of Sale The property will, unless previously withdrawn, be sold subject to common auction conditions and special conditions of each sale may be found in the legal documents section of the Fisher German online auction page.Each buyer shall be deemed to have notice of each condition and all the terms thereof and to bid on those terms whether they shall have inspected the said conditions or not. Completion Completion will take place 20 working days after exchange of contracts, unless otherwise varied and specified in the legal pack. Buyers Fee The purchase of this property is subject to a combined buyer and admin fee of £5,760 including VAT (£3,960 + £1,800) as stated on the auction listing. These fees will be automatically collected at the end of the auction from the registered payment card. The buyer will also be required to reimburse the search fees (including Land Registry official copies) of £1,110.16 inclusive of VAT. Deposit The balance of the 10% deposit shall be transferred by the buyer to their solicitor for onward transmission by 12 noon the following working day to the seller’s lawyer. It is therefore essential that you instruct your solicitor ahead of the auction. EPC The accommodation benefits from the following EPC ratings:- 1-2 Charles Street: B 3 Charles Street: C 4 Charles Street: B 5 Charles Street: C Flat 1: C Flat 2: C Services We understand that mains services are connected to the building including electric, water and mains drainage. We confirm we have not tested any of the service installations and any occupiers must satisfy themselves as to the state and condition of such items. Fixtures & Fittings Any fixtures and fittings not expressly mentioned within these particulars are excluded from the sale. Anti Money Laundering The successful purchaser will be required to submit information to comply with Anti Money Laundering Regulations. Business Rates Occupiers will be responsible for paying Business Rates direct to the local authority. VAT Unless otherwise stated, all prices and rents quoted are exclusive of Value Added Tax (VAT). Any intending purchaser should satisfy themselves independently as to VAT in respect of this transaction. Viewings By prior arrangement with the sole agents.