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8 bedroom block of apartments for sale
Flats 1 - 7, Pershore Court, Park Street, Kidderminster DY11 6TP
£350,000
Flats 1 - 7, Pershore Court, Park Street, Kidderminster DY11 6TP
£350,000
Our Summary
- For sale on 29 May 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- A superb opportunity to purchase a freehold block of 7 vacant apartments built in the year 2000 and in need or renovation
- Once renovated the potential for income is great, with rents in this desirable residential area on the increase, the new buyer could be looking at a yearly rental income in excess of £60k offering a handsome return on investment
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
- Auction: 29
- Excellent potential to add value
- In need of Refurbishment
Description
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Here is a summary of the property description in a single paragraph:
A block of 7 vacant apartments, built in 2000, is being sold at auction. The block consists of 6 one-bedroom and 1 two-bedroom apartments, each with its own separate kitchen and living room. The apartments are in need of renovation, but once completed, they have the potential to generate a significant annual rental income of over £60,000. The block is located in a desirable residential area with easy access to local amenities, shops, and transport links. The property is being sold as a freehold, and the auction will be held online with live auctioneers. Viewings are recommended, and a walkthrough video is available to view online.