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8 bed detached house
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Our Summary
- Clear reversionary uplift potential
- Prominent freehold residential investment offering immediate income, defined reversionary uplift and future growth potential, including parking and management control, set within a landmark Worcester building
- The property currently produces over £50,000 per annum and offers immediate reversionary potential through significant scope for rental growth
- This presents an attractive opportunity for future rental growth while combining strong existing income with long-term investment potential
- - Strong existing income with reversionary potential through rental uplift and asset management
- - Further upside through short term and serviced accommodation opportunities subject to consent
- Its size, configuration and ground floor position support broad tenant appeal, offering immediate scope to enhance income through rental realignment within the wider investment
- The flat is currently producing £675 per calendar month and presents an immediate opportunity for income uplift to an anticipated market rent of approximately £725 per calendar month
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Description
The property is a substantial freehold residential investment located within a landmark period building on Droitwich Road, Worcester. The property comprises seven self-contained luxury apartments over four floors, with a total living area of approximately 2,159 sq ft. The building features high ceilings, well-preserved period details, and a visually prominent façade.
The property includes the majority of the on-site car park, with allocated parking spaces, and a management company that administers maintenance charges for two of the apartments. The apartments are arranged as follows: a two-bedroom ground floor apartment, a two-bedroom ground floor apartment, a two-bedroom first floor apartment, a one-bedroom top floor apartment, and a one-bedroom basement apartment, each with its own unique layout and features. The property benefits from a strong existing income of over £50,000 per annum and offers immediate reversionary potential through rental growth and asset management.