Guide price
£375,000
Retail premises for saleEstate House, 12 Church Green East, Redditch B98
Just added
Auction
Freehold
About this property
Freehold Subject to the existing tenancies.
For Sale By Public Auction on 11 September starting at 08:30 am - A Freehold fully let commercial investment property.
Current income : £47,700 pa.
The property comprises a substantial town centre, three storey mid parade building extending to 4,103 sq. Ft 381.31 sq m) or thereabouts. The ground floor retail shop currently trades as an estate agency whilst the upper floors offices are occupied by a law firm .
Accommodation
Basement: Cellar
Ground Floor: Front Office, Portioned Glass Office, WC, Kitchen, Two Further Offices to the rear, Store Room.
First Floor: Reception, Two Front Offices, Kitchen/Diner, Store Room, WCs, Three Further Offices, Board Room, Rear WCs, Cloak Room.
Second Floor: Three Offices, Store Room.
Location
The Property occupies a prominent position within the prime business location of Church Green, situated in the heart of Redditch Town Centre.
The Property overlooks St Stephens Church across a wide paved and pedestrianised area to the front, with various occupiers including Lloyds and National Westminster banks. The Kingfisher shopping centre is a short walking distance together with the Council offices, Library and College.
There are several car parks close by, and the Property is within walking distance of the bus and railway stations.
Energy Performance Rating
E.
Tenure
Freehold Subject to the existing tenancies.
Value Added Tax
For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.
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.
Tenancy Details
The ground floor & part first floor is let to ap Morgan Estate Agents for a term of 5 years from January 2025 at a passing rent of £31,500 per annum.
The remainder of the first floor & second floors are let to Chapter Law for a term of 5 years from September 2024 at a passing rent of £16,200 per annum.
Total Rental Income: £47,700 per annum
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), 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. 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. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
Current income : £47,700 pa.
The property comprises a substantial town centre, three storey mid parade building extending to 4,103 sq. Ft 381.31 sq m) or thereabouts. The ground floor retail shop currently trades as an estate agency whilst the upper floors offices are occupied by a law firm .
Accommodation
Basement: Cellar
Ground Floor: Front Office, Portioned Glass Office, WC, Kitchen, Two Further Offices to the rear, Store Room.
First Floor: Reception, Two Front Offices, Kitchen/Diner, Store Room, WCs, Three Further Offices, Board Room, Rear WCs, Cloak Room.
Second Floor: Three Offices, Store Room.
Location
The Property occupies a prominent position within the prime business location of Church Green, situated in the heart of Redditch Town Centre.
The Property overlooks St Stephens Church across a wide paved and pedestrianised area to the front, with various occupiers including Lloyds and National Westminster banks. The Kingfisher shopping centre is a short walking distance together with the Council offices, Library and College.
There are several car parks close by, and the Property is within walking distance of the bus and railway stations.
Energy Performance Rating
E.
Tenure
Freehold Subject to the existing tenancies.
Value Added Tax
For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.
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.
Tenancy Details
The ground floor & part first floor is let to ap Morgan Estate Agents for a term of 5 years from January 2025 at a passing rent of £31,500 per annum.
The remainder of the first floor & second floors are let to Chapter Law for a term of 5 years from September 2024 at a passing rent of £16,200 per annum.
Total Rental Income: £47,700 per annum
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), 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. 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. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
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