Summary - Park Lane, Kidderminster, DY11 DY11 6TQ
1 bed 6 bath Block of Apartments
**Standout Features:**
- **Investment Potential:** Five residential flats and two commercial units.
- **Current Rental Income:** Approximately £40,000 - £45,000 per annum, yielding 8-9%.
- **Large Footprint:** Total area of 4,894 sq ft with nine off-street parking spaces.
- **Grade II Listed Status:** Architectural charm with potential for value enhancement.
- **Local Market Demand:** Existing interest for commercial space, particularly for a launderette.
**Overview:**
This versatile freehold investment opportunity comprises three interconnected Victorian buildings strategically located near the Staffordshire & Worcestershire Canal and bustling Weavers Wharf. With a substantial size of nearly 5,000 sq ft, it features five residential flats (four fully let) and two commercial units, offering immediate rental income and promising ROI.
The residential units include a mix of one and two-bedroom flats, all equipped with gas central heating and double-glazing. The commercial spaces include a former launderette and a dry cleaner, both previously thriving, with local demand suggesting solid prospects for relaunching these businesses. While one flat is currently vacant and may need cosmetic updates, overall, the property appears well-maintained despite its listed status, allowing for historical appreciation while enabling future renovations.
The surrounding area is undergoing revitalization, providing a compelling opportunity for growth. With a very affordable council tax band and good primary and secondary schools nearby, this property not only appeals to investors but also to families and first-time buyers seeking greater rental flexibility. Don’t miss out on this unique chance to own a significant income-generating asset in a developing location, where demand is on the rise.
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