Lodge Gardens, 25 Lodge Close, Bewdley, Worcestershire, DY12 1DN

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Town & Country Property Auctions Cheshire, Shropshire & Staffordshire
Town & Country Property Auctions Cheshire, Shropshire & Staffordshire

Unconditional (Buyer's Premium)


UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Description

Properties in this desirable and charming area of Worcestershire are rarely available. This apartment comes with the advantage of an existing tenancy agreement, with the current tenant having resided here since 2005. The property generates a rental income of £595 per month, with an annual service charge of £920 and a ground rent of £120 per year.

The apartment is situated in a peaceful cul-de-sac and benefits from its own private parking area. Surrounded by well-maintained open lawns, No. 25 is accessed via a small staircase leading to a porch and hallway. Off the hallway, you'll find two spacious bedrooms, a bathroom, a kitchen, and a lounge, all of which are generously proportioned. As a first-floor apartment, it enjoys an abundance of natural light, creating a bright and airy atmosphere.

With a reliable tenant in place and the property in good condition, this is a fantastic opportunity for an investor looking to expand their rental portfolio with minimal effort. Priced to sell quickly, this property offers excellent potential for a solid return on investment.

Bewdley, Worcestershire, is a charming and picturesque town nestled along the banks of the River Severn, offering a peaceful and idyllic setting with a rich history. Known for its beautiful Georgian architecture, the town boasts an array of quaint shops, cafés, and traditional pubs, creating a welcoming and vibrant atmosphere. The surrounding countryside offers stunning views and numerous outdoor activities, including scenic walks, cycling routes, and the nearby Wyre Forest, making it a perfect location for nature lovers and outdoor enthusiasts.

With its close-knit community, excellent local amenities, and easy access to larger towns like Kidderminster and Worcester, Bewdley provides the perfect balance of rural tranquillity and urban convenience. Whether you’re strolling along the riverbank, enjoying a local festival, or simply relaxing in one of the town's charming spots, Bewdley offers a warm, inviting atmosphere that’s hard to beat.

NB: This property has 53 years left of a 99 year lease, but the owner has already initiated a Section 42 request to extend the lease and so the new buyer will benefit from having the option to extend the lease after purchase rather than have to wait the mandatory 2 year moratorium.

Council Tax Band A
Service Charge = £920pa
Ground Rent = £120pa
EPC already sent this morning but attached again for ease of reference.

Tenure

Leasehold

Buyers Premium

* Plus 5% Buyers Premium + VAT

Pre Auction Offers Are Considered

The seller of this property may consider a pre-auction offer prior to the auction date.  All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit.  To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online.  To find out more information or to make a pre-auction offer please contact us.

Special Conditions

Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’.  Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Annual Ground Rent

£120

Annual Service Charge

£460


* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.

We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.

Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.

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