3 bed terraced house for sale

London Road, Worcester WR5

Summary

*freehold investment opportunity* *currently let at 1350pcm representing A 9% Yield*

This centrally located mid terraced property currently offers two apartments over three floors and has the potential for mixed usage development and investment.

The property briefly comprises frontage onto London Road, entrance hall, downstairs one bedroom apartment with open plan living area, double bedroom and fitted shower room.

The first and second floors offer a duplex apartment benefitting from a spacious living area and recently updated breakfast kitchen, two bedrooms and a fitted shower room.

Further benefits include electric heating, double glazing throughout and a residential rental yield in excess of 9%.

Key information 6A London Road is a chain- free and a freehold investment property

The property is being sold with tenants in situ.

The first floor apartment is 775 pcm, Approx 54 sq metres, Energy Certificate - D which is valid until 2033, The ground floor apartment is 575 pcm, Approx 44 sq metres, Energy Certificate E which is valid until 2032

Both apartments are completely separate, having their own tax bands and utilities

Both tenants have contracts with the National Residential Landlords' Association nrla) and their deposits are via the nrla with The Tenants' Deposit Scheme (TDS, Custodial)

Worcester is a cathedral city with a population of over 100,000 people and provides a comprehensive range of shopping and leisure facilities as well as three railway stations and easy motorway access. It's famous for Royal Worcester Porcelain, Lea and Perrins Worcester Sauce. Worcester's newspaper, Berrow's Worcester Journal is considered to be the oldest newspaper in the world. The world famous composer Edward Elgar who's famous for The Enigma Variations and The Pomp and Circumstances Marches, lived in Worcestershire. Worcester has its own university and a large library at The Hive.

Council Tax Band: B
Tenure: Freehold

Ground Floor Reception

Ground floor reception 18' 11" x 8' 07" (5.77m x 2.62m)

Ground Floor Bedroom

Ground floor bedroom 9' 03" x 8' 06" (2.82m x 2.59m)

First Floor Reception

First floor reception 18' 09" x 11' 06" max (5.72m x 3.51m)

First Floor Kitchen

First floor kitchen 15' 03" x 8' 06" (4.65m x 2.59m)

Second Floor Bedroom

Second floor bedroom 1 8' 07" x 8' 02" (2.62m x 2.49m)

Second Floor Bedroom 2

Second floor bedroom 2 7' 01" x 7' 00" (2.16m x 2.13m)

Second Floor Shower Room

Second floor shower room 7' 02" x 5' 07" (2.18m x 1.7m)

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.