Stourport Road, Bewdley, Worcestershire

£1,650,000

Guide price

Residential investment opportunity

Riverside property comprising 14 apartments close to Bewdley town centre

Location

The property is located near the centre of Bewdley, off the Stourport Road on the banks of the River Severn. Bewdley is a small riverside town in the Wyre Forest District of Worcestershire, along the Severn Valley, approximately 3 miles to the west of Kidderminster and 22 miles south west of Birmingham. Bewdley contains a number of local facilities and amenities including two primary schools and a secondary school, medical centre, sports centre and rowing club, along with numerous convenience stores, local shops and public houses. The small Georgian town plays hosts to many local events including market days and local community events. There are further extensive facilities and amenities in Kidderminster, including a train station providing regular services to Birmingham city centre and Worcester.

Description

The property comprises Victoria House, a former mill building, the coach house and former workshop, which have been converted to provide 14 apartments as follows:-

Victoria House

Victoria House, shown hatched green on the plan, is a three storey former private residence overlooking the river, which has since been converted to provide three two bedroom apartments, each with a kitchen, sitting room and bathroom.

Former Mill Building

The former mill building, shown hatched red, comprises a large brick three storey building converted into seven two bedroom apartments with views over the river.

Former Workshop

The former workshop, shown hatched blue, comprises a two storey brick building which has been converted into one two bedroom apartment and one one bedroom apartment, along with a site office on the ground floor.

The Coach House

The coach house, shown hatched yellow, comprises a two storey former coach house which has been converted to provide two two bedroom apartments.

All of the apartments benefit from one parking space each. Victoria House is accessed off the Stourport Road, with the remaining properties being accessed from Ricketts Place. The title also includes an area of pavement and garden at the front of 1-7 Ricketts Place.

Opportunity

The opportunity exists for an investor to acquire this unique residential investment opportunity on the edge of Bewdley town centre.

We would expect high tenant demand for the properties given that the property is very well located, has good access to local services and is convenient not only for Kidderminster but also for commuters to Birmingham and the wider West Midlands conurbation.

Arrange viewing 01905 813787

Fisher German - Worcester

1 Kings Court, Charles Hastings Way, Worcester

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