Summary - Flat 1 Rowland Hill House, Blackwell Street, KIDDERMINSTER DY10 2EA
2 bed 1 bath Apartment
Long lease investment with immediate rental income and parking.
Two-bedroom ground-floor apartment with allocated parking
A practical long-lease investment in central Kidderminster, this ground-floor two-bedroom apartment is offered with an existing tenancy producing £7,920 per year. The flat includes an allocated parking space, double glazing and electric heating, and sits within walking distance of the town centre and train station.
The lease has 115 years remaining (125 years from 2015) which provides long-term security for owners. The property will be sold at public auction with a published guide price of £50,000; bidders should review the legal pack for full lease and cost details, and note the purchaser administration fee and any special conditions.
Important practical notes: the sale is subject to the existing rolling AST and will be delivered with the tenant in place. Only external viewings are available prior to auction. The local area shows high crime and significant deprivation, which may affect rental demand and resale value.
This lot will suit an investor seeking an immediate income stream and long leasehold term, prepared to buy at auction and manage a tenancy in an urban, economically challenged location. Carrying costs and potential void periods should be accounted for before bidding.
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