Property description
A prime City Centre Freehold - highly attractive for rental investment or DEVELOPMENT AS LUXURY INDIVIDUAL LONG LEASE RE-SALES! Old Baskerville House is a fine Grade II Listed property, on a grand scale, currently consisting of 11 flats in good level grounds extending to about .75 of an acre with plenty of parking. There is also Planning Permission for two further flats via conversion of existing garaging. Old Baskerville House currently commands a rental income of £55,380 per annum when fully let on Assured Shorthold Tenancies. Factoring in further value/income from the two additional proposed dwellings then here is a highly profitable opportunity! External area approximately 7,160sq.ft. excluding the garage block. STOURPORT OFFICE 01299 822060. To be offered for sale by Public Auction, subject to prior sale, special conditions and reserve at Hogarths Stone Manor Hotel, Stone, Kidderminster, Worcestershire. DY10 4PJ on Tuesday 13 September, 2016 at 6pm.
DESCRIPTION
One of the most exciting opportunities to come to the market in recent years and, perhaps, a once in a lifetime chance for this type of acquisition in Historic Worcester!Phipps & Pritchard with McCartneys LLP are delighted to offer for sale Old Baskerville House upon kind instructions from long standing Private Clients, Samuel Parkes (Estates) Ltd who have owned this gracious building since 1975 and successfully let it ever since which stands as great testament to it!The Freehold is now offered for sale the very first time during those 41 years, given our clients planning for retirement, and is in the market to be sold "under the hammer" at a realistic price designed to attract ready interest from able buyers. Our Firm has managed the letting of Old Baskerville House for many years and continues to do so today whereby all of the eleven existing properties are currently let on Assured Shorthold Tenancy Agreements as follows:-Flat 1 - £350.00 per calendar monthFlat 2 - £525.00 per calendar monthFlat 3 - £425.00 per calendar monthFlat 4 - £425.00 per calendar monthFlat 5 - £500.00 per calendar monthFlat 6 - £400.00 per calendar monthFlat 7 - £350.00 per calendar monthFlat 8 - £425.00 per calendar monthFlat 9 - Empty - currently being refurbished - rental value £400.00 per calendar monthFlat 10 - £365.00 per calendar monthFlat 11 - £450.00 per calendar month (this being a former Coach House detached from the main block itself)The property itself is a grand three-storey red brick Grade II Listed Georgian house (c.1770 - 1780) close to the centre of Worcester City with direct access off the A38/A449 Barbourne Road but, crucially, is set well back from it in a lovely private setting standing very nicely indeed within its own attractive walled gardens. The site forms part of the St. Georges Square Conservation Area in a prime location near to the now converted former Worcester Eye Hospital. Please see the attached plans showing both the existing and proposed layouts - however it should be stressed that these are included for illustrative purposes only and not to scale.
CONDITIONS OF SALE
The property will, unless previously withdrawn, be sold subject to Specific and General Conditions of Sale which have been settled by the Vendors Solicitors. These Conditions may be inspected during the 5 days inclusive and exclusive of the day of Sale. The Conditions may also be inspected in the Sale Room at the time of Sale but WILL NOT then be read. The Purchaser shall be deemed to have notice of such Conditions and all the terms thereof and shall bid on these terms whether he shall have inspected the Conditions or not.AGENTS NOTE: The successful purchaser will be required to sign the Contract of Sale immediately after the Auction and pay a 10% deposit, BY CHEQUE, to the Vendor's Solicitor.
AGENTS NOTE
Albeit all the properties are Let by Phipps & Pritchard with McCartneys LLP Lettings Department, the 'selling' agents have not personally inspected all properties.