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£850,000

9 bedroom purpose built semi-commercial
Bull Ring, Kidderminster

Contact Connells at Kidderminster branch for information

T: 01562 682 14
kidderminster@connells.co.uk

Ref: KMR307306


***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.

Key Features

  • Mixed Commercial & Residential units
  • Newly converted first and second floor flats
  • 3 x Two bedroom flats with en-suite shower room
  • 3 x One bedroom flats
  • Open plan living and kitchen
  • Ground floor commercial with existing lease
  • Flats partially let

Tenure

Freehold

Full Details

*** 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.

EPC

Please note that the marker reflects the centre of the postcode rather than the exact property location.

To view this property please contact Connells on

T: 01562 682 14
kidderminster@connells.co.uk

28-29 Worcester Street, KIDDERMINSTER, Worcestershire, DY10 1ED

While every reasonable effort is made to ensure the accuracy of descriptions and content, we should make you aware of the following guidance or limitations.

  • (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.
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