5 Blackpole Road, Worcester, WR4 9ST
4 self contained flats in Worcester
Guide price*
£175,000+
Plus fees
Sold for £241,000
Lot information
Residential Investment
Auction details:
Thursday 16th May 2024 @ 08:30AM
An extended Freehold residential investment property Current Gross Income £21,840 per annum with potential to increase.
Property Description
The property comprises a comprehensively extended end terrace residential property having been converted into 4 self-contained flats, each let on separate assured shorthold tenancies. The two storey property is of brick and slate with a two storey wing and single storey extension added in 2008. The properties are all individually metered.Location
The property occupies a prominent end terrace position on Blackpole Road approximately 1 mile north of Worcester City Centre. The property is well located for easy access to Blackpole Trading Estate, Blackpole Retail Park and the Sainsburys Worcester supermarket. Blackpole Road is a well established residential location .Accommodation
A hallway and stairs provide internal access to flats 1,3 and 4 , whilst a separate entrance door provides access to Flat 2.Ground Floor Front: Flat 1 - Accessed via covered Porch, Communal Hall, Living Room, Kitchen, Bedroom, Shower Room.
Ground Floor Rear: Flat 2 - Accessed via its own front door to the side, Living Room, Kitchen, Bedroom, Bathroom.
First Floor Front: Flat 3 - Accessed via covered Porch and Communal Hall, Living Room, Kitchen and Attic Bedroom with Bathroom.
First Floor Rear: Flat 4 - Accessed via covered Porch and Communal hall, Living Room, Kitchen, Bedroom, WC, Shower Room.
We understand that the mains gas, electricity are individually metered, however there is no meter to the mains water.
Auctioneer's Note
Please note no offers will be considered prior to the Auction Sale.Viewings
External viewings only.Lease Details
| Flat No. | Lease Term | Approx. Reversion |
|---|---|---|
| FLAT | TENANCY | RENTAL |
| Flat 1: | Let on an Assured Shorthold Tenancy from 15th November 2008. | £395 pcm |
| Flat 2: | Let on an Assured Shorthold Tenancy from 22nd June 2017. | £425 pcm |
| Flat 3: | Let on an Assured Shorthold Tenancy from 1st March 2024. | £575 pcm |
| Flat 4: | Let on an Assured Shorthold Tenancy from 22nd July 2017. | £425 pcm |
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.
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 £2,160 inc VAT (£1,800.00 + 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 has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. 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.
