Woodchester, 42 Broad Street, Kidderminster, Worcestershire, DY10 2LY

Block of 10 one bedroom apartments in Kidderminster

Guide price*

£595,000+

Plus fees

Sold prior to auction, for an undisclosed amount

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Lot 146 Residential Investment
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Auction details:

Thursday 15th September 2022 @ 09:30AM

Live-streamed auction, you must pre-register to bid via our website with remote bidding online, by telephone or proxy

A Prime Freehold Residential Investment Current Gross Rental Income Circa £60,000 PA

Property Description

The freehold block of 10 one bedroom apartments with private car parking. A modern refurbished building within a town centre location adjacent to New Churchfields development. Immediate Rental growth opportunity.

Accommodation

Ground Floor: All apartments have their own separate entrance. Five ground floor apartments comprise Living Room/Kitchen, Bedroom, Shower Room/WC.
First Floor: Access via staircase and balcony, five first floor apartments comprise Living Room/Kitchen, Bedroom, Shower Room/WC.
Outside: Communal Grounds and Car Parking.
The property has the benefit of double glazing and is all electric.

Energy Performance Rating

See legal pack.

Council Tax Band

All studios are band A.

Tenure

Freehold – Subject to the existing tenancies.

Tenancy Details

All apartments are let on assured shorthold tenancies and currently produce circa £60,000 per annum (full lease details will be available within the legal pack).

Auctioneer's Note

Please note offers may be considered prior to the Auction Sale.

Viewings

Strictly by appointment with the Auctioneers.
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 all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

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. Please click here for further details.

*DEFINITION OF GUIDE & RESERVE PRICE

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 £1,680 inc VAT (£1,400.00 + 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. The legal pack is available to download free of charge under the ‘lot information’.  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.

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