Comberton Road, Kidderminster, DY10

£1,000,000

Guide price

  • Bedrooms: 47
SUMMARY

Fantastic opportunity to acquire this comprehensive range of seven buildings. The properties all comprise of apartments, studios, bedsits and HMOs.

For sale via BAGSHAWS RESIDENTIAL AUCTIONS IN ACCOCIATION WITH BARNARD MARCUS ONLINE AUCTIONS www.barnardmarcusauctions.co.uk

DESCRIPTION

A fantastic opportunity has arisen to acquire a comprehensive range of seven buildings offering an array of apartments, studios, bedsits and HMO's. The building is located on a prominent corner position in Kidderminster which makes the properties a great investment opportunity. Planning permission has been granted by Wyre Forest District Council to convert two of the existing HMO units from 12 bedsits into 2 blocks of 4 individual flats. The complex is served by two entrances which in turn lead to, two car parking areas, gardens, patios and a further pond, they are all held under four titles being numbers 19, 19A, 20 and 156.

The buildings are close to Kidderminster town centre which is south west of Birmingham with access a few miles away to the M6 and M42 and is renowned for the historic Seven Valley Railway along with having a population of over 55,000 residents Censes of 2011. The price is £1,000,000 - £1,300,000.

19 & 19a Comberton Road

Consists of 12 bedsits (six in each block) presently, however it does have planning permission for the conversion into eight flats (four in each block) secure bicycle storage, bin storage and additional parking via Wyre Forest District Council ref: 19/0697/FUL dated 03/01/2020. The majority of block 19 is vacant as the vendor is presently obtaining quotations for conversion.

Cromer House & 2 Annexes

Comprises of six, one bedroom flats. Annex one (flats 7 & 8) consist of two semi-detached bungalows/studios. Annex two, HMO (known as flat 9) consists of three studios and a three bedsits.

Ashbourne House, 156

Consist of one, two bedroom flats, six bedsits and a one bedroom flat in Ashbourne House and in 156a, an extension, consisting of four bedsits.

Condition Of Sales

The Conditions of Sale will be deposited at the offices of the auctioneers, Bagshaws Residential, and vendors solicitors seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 9:30am. Prospective purchasers are advised to check with the auctioneers, Bagshaws Residential/barnardmarcusauctionsco.uk, before the sale that the property is neither sold nor withdrawn. The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Health & Safety Advise

For Property Viewers Whilst Bagshaws Residential make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of the properties in our auction and cannot therefore guarantee the safety and security of viewers Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds, outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewer's risk

*Guide & Reserve Prices

Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Note

Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits. The sale of each lot is subject to a contract documentation charge £1,150.00 (including VAT) payable on the fall of the hammer. If you are unable to attend the auction for any reason you can still bid on the property either by telephone or proxy bid, please contact the auctioneers for further information.

Guidance notes are set out in the catalogue in relation to auction property, particularly from a purchasing perspective.

Bagshaws Residential are contactable at 32-34 Cornmarket, Derby DE1 2DG

Tel - 01332 542 298

Website - www.bagshawsauctions.co.uk

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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Marketed by Arrange viewing 01562 227042

Shipways Kidderminster

4 Carlton House, Kidderminster, Worcestershire, DY10 1AY

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