Load Street, Bewdley, Worcestershire

DY12 2AP 5 bedrooms Offers Over£275,000
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Description

Accommodation comprising:

A two bedroom apartment on first floor level comprising entrance and cloakroom, open living dining kitchen area, bathroom off and two separate bedrooms (one double, one single) ; approached from an entrance to the side of the property.

A two bedroom apartment on second floor level comprising an entrance leading to living dining kitchen area, 2 x double bedroom and bathroom; approached from a rear staircase directly to second floor.

A one bedroom apartment at third floor level comprising open plan living and seperate bedroom with a self contained kitchen and separate bathroom, approached from the rear of the property through a shared access with the apartment at second floor level via a winder staircase.

The properties is in excellent repair and has recently been refurbished with a pleasant neural colour scheme, new kitchen fittings and work units, new bathroom fittings in plain white porcelain, clean neutral or grey carpeting. and simple overhead light fittings.

No parking is directly attached the property, although street parking is free in nearby areas.

Tenancies:

The property is presently let on three separate assured tenancies agreements all for a contractual original periods of six months, expiring on terms between 31st December 2020 and the 9th April 2021 on a cumulative gross current income of £17,800 per annum (Seventeen thousand and eight hundred pounds per annum)

Location:

Situated right in the heart of the picturesque small riverside town of Bewdley in Worcestershire, along the Severn Valley, 3 miles west of Kidderminster and 22 miles southwest of Birmingham. It lies on the River Severn, at the gateway of the Wyre Forest national nature reserve. Bewdley offers an abundance of amenities along with 2 churches, a village hall leisure centre, tennis club, museum, rowing club and a selection of riverside pubs and restaurants.
The highly recommended public houses such as the The Little Pack Horse and The Bewdley Brewer which serves its local Worcester Way every week. On the River Severn The Mug House, The Courtyard and The Magpie are also favourites. The town is also host to one of the principal Severn Valley Railway stations.

Planning Approval:

The subject property was granted planning permission on the 22nd July 2009 for the ‘Conversion of existing three floor offices to three number flats at Compass House, 58 Load Street, Bewdley’ .

Outside:

Externally; the 3 x properties all sits above the the ground floor commercial premises which is used by the Midlands County Cooperative as a funeral directors office.

Services:

Mains water and electric and drainage.

Tenure:

The apartments are all held leasehold - on three seperate 99 year leases from 2nd November 2009 from at a nominal ground rent of £50 each per year per property. We are not aware of any disputes currently with the superior landlord or adjoining tenant.

Property Features

  • FULLY LET RESIDENTIAL INVESTMENT OPPORTUNITY.
  • Three apartments in total
  • Recently refurbished and ready for the tenant market
  • Two x 2 bedroom, one x 1 bedroom apartments
  • Prime town centre location.
  • Currently producing a gross yield of 6.5% yield to an investor

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