£1,300,000

Woodside Lodge, Lark Hill Road, Worcester, Worcestershire WR5 2EF

Office Details

Bowmen Way
Battlefield
Shrewsbury
Shropshire SY4 3DR

Tel: 01743 450 700

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Property Features

  • A rare opportunity to acquire a residential investment in the city of Worcester
  • An attractive initial yield of 8.53%
  • 19 bedrooms of HMOs, an apartment and a penthouse
  • Further asset management/development potential subject to statutory consents
  • Income of £117,540 per annum

Property Description

The property has been the subject of an ongoing scheme of maintenance and improvement works and the condition of the property together with the location combine to create a strong HMO investment opportunity for property investors.

There is the potential in the future to further enhance the investment return by the further asset management of the property. The premises are well presented and fully comply with current regulations. There is some potential future redevelopment, subject to statutory consents.A rare opportunity to acquire a significant residential HMO, comprising in total 19 bedrooms, 1 ground floor and 1 penthouse apartment in the sought after city

of Worcester.The property is owned Freehold under the following Property Title:

Woodside, Lark Hill - WR146736

We are instructed to seek proposals for our client's freehold interest in excess of £1,300,000 (One Million, Three Hundred Thousand Pounds), subject to contract and the existing occupational tenancies, which reflects an Initial Yield of 8.53% (after stamp duty and acquisition costs of 1.75%).

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