Lion Hill, Stourport-on-Severn, Worcestershire, DY13

£445,000

Guide price

RESIDENTIAL INVESTMENT PROPERTY. Freehold building comprises of 7 apartments in total, 5 apartments are included within this sale and the further two flats on long leases. The premises are in a well-established, prominent area of Stourport at the corner of Lion Hill and Lodge Road. Overlooking the canal, the Grade II listed accommodation also consists of a cellar and 5 parking spaces which provides ideal opportunity to produce further rental income. Potential rental income £26,500-£30,000 per annum. ASKING PRICE £445,000.

Flat 1 (Not Included) Privately owned. This flat is available to purchase with an additional parking space via separate negotiations if desired. A ground floor flat. 61 square metres. Currently let on an Assured Shorthold tenancy. Service Charge of £200.00 per annum paid directly to the freeholder. Ground rent at a peppercorn rent. Lease length is currently being extended and will be completed shortly.

Flat 2 (Not Included) Owner occupied. Ground floor flat. 57 square metres. Lease term 99 years from 1 January 2001. Service Charge of £200.00 per annum paid directly to the freeholder. Ground rent at a peppercorn.

Flat 3 First floor flat. Accommodation comprises: Entrance hall, kitchen, lounge, bedroom and shower room. 29 square metres. Currently let on an Assured Shorthold tenancy at £450pcm.

Flat 4 First floor flat. Accommodation comprises: Entrance hall, fitted kitchen, lounge, double bedroom, and shower room. The property benefits from night storage heating. 30 square metres. Currently let on an Assured Shorthold tenancy at £450pcm.

Flat 5 First floor flat. Accommodation comprises: Entrance hall, lounge, fitted kitchen, double bedroom, and shower room. The property benefits from night storage heating. 37 square metres. Currently let on an Assured Shorthold tenancy at £410pcm.

Flat 6 A second floor flat. Accommodation comprises: Entrance hall with entrance phone, lounge, fitted kitchen, double bedroom, and shower room. The property benefits from new electric heating. 38 square metres. Currently let on an Assured Shorthold tenancy at £450pcm.

Flat 7 A second floor flat. The accommodation comprises of hall, lounge, kitchen, double bedroom and bathroom. The property benefits from night storage heaters. 37 square metres. Currently let on an Assured Shorthold tenancy at £450pcm.

Basement Entrance 2.67m x 4.09m

Night storage heater.

Cloakroom

W.C. Wash hand basin. Hot water heater.

Room One 4.41m x 3.71m

Night storage heater. Meters

Room Two 3.91m x 3.44m

Night storage heater.

Outside The property comes with 6 parking spaces. They are rented out separately with an income of £40pcm each.

Energy Performance Certificate Flat 1 EPC = D

Flat 2 EPC = D

Flat 3 EPC = E

Flat 4 EPC = C

Flat 5 EPC = D

Flat 6 EPC = E

Flat 7 EPC = E

V.A.T Payable V.A.T. will / will not be charged on the purchase price

Tenure & Possession The property is freehold.

Services Mains water, electricity, and drainage are connected. We have not tested any apparatus, fixtures, fittings or services and we cannot verify that they are in working order, correctly installed or fit for the purpose. Prospective tenants are advised to obtain verification from their solicitor, surveyor or specialist contractor as appropriate.

Fixtures & Fittings Any fixtures and fittings not mentioned in these sale particulars are excluded from the sale.

Viewing By prior appointment with Doolittle & Dalley 01562 821600.

Council Tax Bands Flat 1 = B

Flat 2 = B

Flat 3 = A

Flat 4 = A

Flat 5 = A

Flat 6 = A

Flat 7 = A

Reference: jea.lb.02.09.2022

Money Laundering Regulations 2003 We are governed by the Anti-money Laundering Legislation and are obliged to report any knowledge or suspicion of money laundering to the National Criminal Intelligence Service. Therefore if you purchase this property you will be required to produce photographic identification and a utility bill for your current address in accordance with this Act. Without identification a sale cannot proceed.

Valuation Advice for Prospective Purchasers If you have a property to sell we can provide you with a Free Market Appraisal and marketing advice without any obligation.

Misrepresentations Act Messrs. Doolittle & Dalley for themselves and for the vendors/lessors of this property whose agents they are, give notice that:- 1.These particulars do not constitute, or constitute any part, of an offer or a contract. 2.All statements contained in these particulars as to this property are made without responsibility on the part of Messrs. Doolittle & Dalley or the vendor. 3.None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. 4.Any intending purchaser must satisfy him/herself by inspection or otherwise, as to the correctness of each of the statements contained in these particulars. 5.The vendor does not make or give and neither Messrs. Doolittle & Dalley or any person in their employ has any authority to make or give any representation or warranty whatever in relation to this property.