Mixed use for sale

The property for sale in Kidderminster is a fantastic opportunity for investors looking to enter the HMO market with a previously licenced property.
With 6 bedrooms, a reception room, 2 bathrooms and 4 en-suites, there is plenty of potential for generating a high rental income. The property also includes a spacious kitchen and communal living area, making it an attractive option for tenants.

Located just a short walk from Kidderminster train station and the town centre, tenants will have easy access to transport links, shops, restaurants, and other amenities. The property is also within close proximity to local schools and colleges, making it ideal for student accommodation.

The property is in need of renovation, but once completed, it has the potential to generate a yearly income in excess of £40,000. With 6 bedrooms, reception room4 en-suites, and a 1-bedroom studio, there is room for multiple tenants, increasing the potential for rental income.

Kidderminster itself is a bustling town with plenty to offer residents and visitors alike. From the Severn Valley Railway, a heritage steam railway that runs through beautiful countryside, to the West Midlands Safari Park, there is no shortage of things to do and see in the area. The town also has a range of shops, restaurants, and leisure facilities, ensuring that tenants will have plenty to keep them entertained.

Overall, this previously licenced HMO property in Kidderminster is a fantastic investment opportunity with the potential to generate a high rental income. With its convenient location and close proximity to local amenities, it is sure to attract tenants and provide a steady stream of income for the new owner. Contact Eezee Estate Agents today to arrange a viewing and learn more about this exciting opportunity.

Please note, a HMO licence will need to be applied for with the local council due to expiring approx 3 years ago

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively. The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.