Mixed-use investment opportunity to go under the hammer
A mixed-use property in central Kidderminster will be going under the hammer at auction later this month.
Carlton House is being offered with a guide price of £1.35m.
It has frontage to Oxford Street, Marlborough Street and Worcester Street and comprises eight retail units with 15 self-contained flats above.
The flats have been recently refurbished and include one and two bedroom accommodation.
It is currently 91% let and produces annual rental income of £149,280, with an estimated full rental value of £170,000 a year.
Ian Tudor, managing director of Bond Wolfe Auctions, said: “Carlton House is one of a number of significant investment opportunities we are seeing being brought to auction.
“Interest in commercial and mixed use investments is clearly growing and we expect to see competitive bidding for this substantial town centre lot.
“Lots such as Carlton House attract interest not just from investors regionally but increasingly from London and the South West, confirming Bond Wolfe Auctions’ as a truly national auction business.”
Bond Wolfe Auctions will offer a total of 212 lots at its auction on Wednesday 28 October, livestreamed, with remote bidding by proxy, telephone and internet only.