No longer on the market
This property is no longer on the market
Floorplan
Map
Area stats17 bedroom semi-detached house
Key information
Features and description
- Worcester City Centre
- High Yielding Investment Property
- Current Annual Income £139,200
- Prime City Location
- 15 Studio Apartments and 2 One Bedroom Apartments
- Is Fully Let
- Ideal for Students and Professionals Tenants
Worcester City Centre provides an excellent range of shopping, schooling and leisure facilities. Worcester has two main line Railway Stations, offering access to all major towns and cities. The M5 motorway is accessible at Junction 7 south Worcester allowing commuting to Birmingham and the West Midlands linking to the M42 for NEC and Birmingham International Airport or Bristol and the South West.
Directions: Proceed north along Foregate Street take the first right hand turning into Pierpont Street, the property can be found on the right hand side.
14 Pierpoint Street was converted in early 2016 into fifteen studio apartments and two one bedroom apartments. Nestled in the heart of Worcester City Centre this building presents a fine investment, boasting an annual return of £139,200.00 and offers flexibility over a choice of tenant.
The current annual rental income is £130,176.00 and is inclusive of utilities, with the property currently being rented to a mixture of student and professionals. Each apartment is rented fully furnished and comprises a fitted kitchen with built in fridge, electric hob, built in storage units with roll top work surfaces, a living space, bedroom area and en-suite shower room.
VESTIBULE 6' 10'' x 4' 9''
ENTRANCE HALL 6' 10' x 9' 2''
HALL 53' 5' x 7' 8''
UTILTY ROOM 8' 3'' x 7' 7''
BIN & BIKE STORE 15' 8'' x 7' 9''
LAUNDRY ROOM 1 3' 9'' x 7' 0''
REAR ACCESS LOBBY
BASEMENT LEVEL WITH ACCESS TO 5 CELLARS
STUDIO 1 11' 0'' x 14' 0'
EN-SUITE 5' 9'' x 5' 8''
STUDIO 2 14' 5'' x 15' 1''
EN-SUITE 5' 5'' x 5' 8''
STUDIO 3 15' 8'' x 14' 1''
EN-SUITE 4' 5'' x 6' 1''
STUDIO 4 14' 11'' x 14' 2''
EN-SUITE 3' 11'' x 7' 3''
STUDIO 5 14' 2'' x 15' 2''
EN-SUITE 3' 11'' x 7' 3''
LANDING 1 24' 10'' x 11' 10''
BOILER ROOM 1 3' 9'' x 7' 5''
LAUNDRY ROOM 2 4' 0'' x 6' 6''
STUDIO 6 11' 11'' x 14' 1''
EN-SUITE 5' 4'' x 5' 5''
STUDIO 7 14' 5'' x 15' 0''
EN-SUITE 5' 6'' x 5' 6''
STUDIO 8 16' 1'' x 14' 1''
EN-SUITE 3' 10' x 7' 7''
APARTMENT 9
LOUNGE 8' 4'' x 11' 3''
KITCHEN 7' 6'' x 7' 2''
BEDROOM 6' 1'' x 11' 5''
SHOWER ROOM 7' 6'' X 3' 11''
STUIDO 10 15' 4'' x 14' 1''
EN-SUITE 9' 3'' x 5' 6''
STUDIO 11 11' 9' x 13' 4''
EN-SUITE 5' 3'' x 5' 3''
LANDING 2 24' 11'' x 11' 10''
STUDIO 12 11' 0'' x 15' 2''
EN-SUITE 5' 3'' x 5' 5''
STUDIO 13 13' 7'' x 15' 0''
EN-SUITE 5' 3'' x 5' 3''
STUDIO 14 16' 2'' x 10' 2''
EN-SUITE 3' 10 x 7' 2''
APARTMENT 15
LOUNGE 7' 7'' x 10' 7''
KITCHEN 7' 6'' x 7' 2''
BEDROOM 7' 1'' x 10' 8''
SHOWER ROOM 7' 2'' X 3' 11''
STUDIO 16 15' 4'' x 14' 1''
EN-SUITE 9' 3'' x 5' 6''
STUDIO 17 11' 9'' x 13' 2''
EN-SUITE 5' 0'' x 5' 3''
RENTS
S1 - £675
S2 - £675
S3 - £600
S4 - £675
S5 - £675
S6 - £675
S7 - £675
S8 - £675
A9 - £750
S10 - £675
S11 - £675
S12 - £650
S13 - £650
S14 - £725
A15 - £750
S16 - £725
S17 - £675
Total PCM - £11,600.00
Total PA - £139,200.00
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