Guide price
£250,000
Office for saleVesta Tilley House, Lowesmoor, Worcester WR1
Just added
Auction
Freehold
About this property
Freehold Subject to the following:- Part Ground Floor and Basement let by way of a five year lease to the Redeemed Christian Church of God with effect from March 2025, at a current rent...
For Sale By Public Auction on 26 March starting at 08:30 am - A substantial freehold multi-let commercial investment property, producing £34,000 p.a., with conversion/alternative use potential, subject to planning
The property comprises a freehold multi-let commercial premises over 2 storeys, currently producing £34,000 p.a. And extending to approximately 7,209 sq.ft. (669.73 sq.m.). The premises is a character property, comprising a former Victorian music hall, believed to have opened in the 19th Century, and is considered a local landmark building. The property retains many original features including beams and wood panelling and is currently configured to provide a place of worship and office / ancillary accommodation. Part of the ground floor and the basement are occupied by the Redeemed Christian Church of God, with the remainder of the ground floor and first floor occupied by Aspie Ltd, a local charity.
Accommodation
Basement: 1,734 sq.ft. (161.09 sq.m.)
Ground Floor: 2,837 sq.ft. (263.56 sq.m.)
First Floor: 2,638 sq.ft. (245.07 sq.m.)
Total: 7,209 sq.ft. (669.73 sq.m.)
These floor areas have been taken from the Valuation Office Agency. Interested parties are to rely on their own enquiries.
Location
The property is situated in a prominent position on the edge of Worcester City Centre within a busy commercial location fronting Lowesmoor Terrace (B4550), close to the junction with Lowesmoor Place where it connects to Rainbow Hill.
The property is a short walk from the modern St Martin's Quarter shopping area, Shrub Hill Retail Park and Worcester Shrub Hill train station. The Lowesmoor Wharf Trade Park is located to the rear of the property. Worcester is the County Town of Worcestershire, located on the River Severn, having excellent access to the M5 motorway immediately to the east, the M50 motorway to the south and the M42 motorway to the north. Worcester lies approximately 29 miles south west of Birmingham City Centre and 25 miles north of Cheltenham.
Energy Performance Rating
See legal pack.
Tenure
Freehold Subject to the following:-
Part Ground Floor and Basement let by way of a five year lease to the Redeemed Christian Church of God with effect from March 2025, at a current rent of £12,000 per annum, rising to £13,000 per annum from March 2026 and £14,000 per annum from March 2028.
Part Ground Floor and First Floor occupied by Aspie Ltd, a local and highly respected Charity supporting those with Aspergers, providing pastoral care, clubs, meetings, entertainment and counselling.
The rent is £22,000 per annum and we understand that a new 12 month tenancy is currently being agreed.
Copies of all the lease and tenancy documentation will be available within the legal pack.
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. Please complete the request a viewing' form or contact the office.
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.
The property comprises a freehold multi-let commercial premises over 2 storeys, currently producing £34,000 p.a. And extending to approximately 7,209 sq.ft. (669.73 sq.m.). The premises is a character property, comprising a former Victorian music hall, believed to have opened in the 19th Century, and is considered a local landmark building. The property retains many original features including beams and wood panelling and is currently configured to provide a place of worship and office / ancillary accommodation. Part of the ground floor and the basement are occupied by the Redeemed Christian Church of God, with the remainder of the ground floor and first floor occupied by Aspie Ltd, a local charity.
Accommodation
Basement: 1,734 sq.ft. (161.09 sq.m.)
Ground Floor: 2,837 sq.ft. (263.56 sq.m.)
First Floor: 2,638 sq.ft. (245.07 sq.m.)
Total: 7,209 sq.ft. (669.73 sq.m.)
These floor areas have been taken from the Valuation Office Agency. Interested parties are to rely on their own enquiries.
Location
The property is situated in a prominent position on the edge of Worcester City Centre within a busy commercial location fronting Lowesmoor Terrace (B4550), close to the junction with Lowesmoor Place where it connects to Rainbow Hill.
The property is a short walk from the modern St Martin's Quarter shopping area, Shrub Hill Retail Park and Worcester Shrub Hill train station. The Lowesmoor Wharf Trade Park is located to the rear of the property. Worcester is the County Town of Worcestershire, located on the River Severn, having excellent access to the M5 motorway immediately to the east, the M50 motorway to the south and the M42 motorway to the north. Worcester lies approximately 29 miles south west of Birmingham City Centre and 25 miles north of Cheltenham.
Energy Performance Rating
See legal pack.
Tenure
Freehold Subject to the following:-
Part Ground Floor and Basement let by way of a five year lease to the Redeemed Christian Church of God with effect from March 2025, at a current rent of £12,000 per annum, rising to £13,000 per annum from March 2026 and £14,000 per annum from March 2028.
Part Ground Floor and First Floor occupied by Aspie Ltd, a local and highly respected Charity supporting those with Aspergers, providing pastoral care, clubs, meetings, entertainment and counselling.
The rent is £22,000 per annum and we understand that a new 12 month tenancy is currently being agreed.
Copies of all the lease and tenancy documentation will be available within the legal pack.
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. Please complete the request a viewing' form or contact the office.
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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