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2 bed property, in Foregate Street, £120,000
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2 bed flat

Foregate Street, Worcester WR1
Auction Cash Buyers
£120,000

Our Summary

  • City Centre, 2 Bedroom, 1st Floor large modern Flat is being sold via an unconditional online auction
  • A well-presented and income-producing flat offered for sale by auction with corporate tenants in situ, making it an ideal opportunity for investors seeking an immediate rental return
  • This is an excellent opportunity for buy-to-let investors, portfolio landlords, and cash buyers looking to acquire a ready-made investment with ongoing income

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Description

The property is a large modern flat on the first floor of a converted 1958 Post Office building in the city centre. It has two bedrooms, one of which benefits from a double aspect and Juliette balcony, as well as a bright and spacious reception room with an open-plan kitchen. The flat features high ceilings, tall double-glazed windows, and a modern bathroom.

The property is leasehold with a remaining lease length of 188 years, an annual ground rent of £75 and an annual service charge of £1,700. It is currently occupied under a corporate tenancy agreement providing a rental income.