31 bedroom townhouse for sale
Key information
Property description & features
- Tenure: Freehold
- St Johns
- High Yielding HMO (House in Multiple Occupation) Portfolio
- All rooms fully let for 2024/2025
- Strategically Situated in High demand, Sought after Student Areas
- Immediate Income with all 31 Rooms Fully Occupied until July 2024
- Secure Avenue for Income and Growth
- Annual Rental Income £173,855.00
- 7.5% Gross Return, Eight Separate Properties
- Being sold via Secure Sale
- Immediate ‘exchange of contracts’ available
Worcester City, situated on the east side of the River Severn, offers road links to Birmingham in the north and Cheltenham and Bristol to the south via the M5. The A422 & A44 takes you east to Stratford Upon Avon and the vale of Evesham respectively. The bridge across the river heads west towards the suburb of St Johns, a prime area for property investment served by Worcester University. Alternative travel is offered by way of Crowngate Bus Station and Foregate Street railway station in the city centre. Worcester’s main High Street is supported by major brand retailers blended with traditional specialist shops to provide a comprehensive range of services. For leisure and entertainment there is a wide choice of pubs, restaurants, live music venues, night clubs and cinemas. In addition the river and canal water ways, Swan Theatre and Cathedral offer further opportunity for rest and relaxation.
ALL ROOMS FULLY LET FOR 2024/2025
A large private portfolio of eight, individual Licensed HMO (House in Multiple Occupation) properties located with in the high-demand, sought-after student area of St Johns WR2.
ALL ROOMS FULLY LET FOR 2024/2025
The portfolio comprises:
72 Oldbury Road, St Johns, WR2 6AR, 4 bedroom semi - £2045.00pcm
74 Oldbury Road, St Johns, WR2 6AR, 4 bedroom semi - £2060.00pcm
76 Oldbury Road,St Johns, WR2 6AR, 4 bedroom semi - £1975.00pcm
167 Oldbury Road, St Johns, WR2 6AR, 3 bedroom mid-terrace - £1625.00pcm
1 Comer Gardens, St Johns, WR2 6AJ, 4 bedroom detached - £1950.00pcm
72 Blenheim Road, St Johns, WR2 5NG,4 bedroom semi - £2045.00pcm
41 Blenheim Road, St Johns, WR2 5NG 4 bedroom semi - £2045.00pcm
14 Henwick Avenue, St Johns, WR2 5JB, 4 bedroom mid-terrace - £2060.00pcm.
Total Lettable Bedrooms - 31 and are fully let.
All tenancies are individual, 11 month HMOAST's starting 1st September 2023 to 31st July 2024.
Each property has its own separate, non-transferable, 5 year HMO license in place.
ALL ROOMS FULLY LET FOR 2024/2025
Combined total income per month - £15,805.00
Combine total annual income - £173,855.00.
ALL ROOMS FULLY LET FOR 2024/2025
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.
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