Bull Ring, Kidderminster, DY10

£850,000

Guide price

  • Bedrooms: 6
SUMMARY

MIXED COMMERCIAL & RESIDENTIAL UNIT IN TOWN CENTRE LOCATION

6 x first & second floor flats, along with ground floor commercial unit with tenant currently in place.

For further information or to arrange a viewing please call us on 01562 68214.

DESCRIPTION

***CALLING ALL INVESTORS***

Are you looking for a new income stream? Do you already invest in property and want to expand your portfolio?

10/12 Bull Ring, Kidderminster offers a mix of commercial and residential units. On the upper floors, the property has been converted into three one bedroom flats and three two bedroom flats, all of which have open living room and kitchens, shower rooms and en-suite on the two bedroom flats. The ground floor currently offers an occupied commercial unit with an existing lease.

For further information and to arrange a viewing, please give us a call on 01562 68214.

*** Calling All Investors ***

Are you looking for a new income stream? Do you already invest in property and want to expand your portfolio?

10/12 Bull Ring, Kidderminster offers a mix of commercial and residential units. On the upper floors, the property has been converted into three one bedroom flats and three two bedroom flats, all of which have open living room and kitchens, shower rooms and en-suite on the two bedroom flats. The ground floor currently offers an occupied commercial unit with an existing lease.

Ground Floor

The ground floor is currently occupied by William Hill Organization Ltd, on 10 year lease with an agreed break clause which can be actioned on 24th December 2021. The annual rent is £30,000 per annum. A copy of the existing lease is available upon request.

Non Domestic EPC = E (119)

First Floor

Flat 1

Two bedroom flat, with an en-suite shower to the master bedroom, open plan living room and kitchen and a separate shower room.

EPC = D (62)

Anticpated rent = £525pcm

Flat 2

One bedroom flat with an open plan living room and kitchen and a separate shower room.

EPC = C (71)

Anticpated rent = £425pcm

Flat 3

Two bedroom flat, with an en-suite shower to the master bedroom, open plan living room and kitchen and a separate shower room.

EPC = E (53)

Anticpated rent = £495pcm

Second Floor

On the second floor landing there is a maintenance/store room with a utility room and toilet off.

Flat 4

Two bedroom flat, with an en-suite shower to the master bedroom, open plan living room and kitchen and a separate shower room.

EPC = D (61)

Anticpated rent = £550pcm

Flat 5

One bedroom flat with an open plan living room and kitchen and a separate shower room.

EPC = C (70)

Anticpated rent = £415pcm

Flat 6

One bedroom flat with an en-suite shower room and open plan living room and kitchen.

EPC = D (66)

Anticpated rent = £395pcm

Income

Based on the current lease for the ground floor and the anticipated rents for the flats, we anticipate a return of approximately 7.48% annually.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. These particulars do not constitute part or all of an offer or contract.

3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.

4. Potential buyers are advised to recheck the measurements before committing to any expense.

5. Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.

6. Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Arrange viewing 01562 227035

Connells - Kidderminster

20-21 Oxford Street, Kidderminster, Worcestershire

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