Million pound property investment in Kidderminster

A prominent property in central Kidderminster will be going under the hammer at Bond Wolfe Auction’s online livestreamed sale on Wednesday 28 October.

Carlton House is a high yielding, freehold town centre mixed use investment which is being offered with a guide price* of £1.35 million.

It has frontage to Oxford Street, Marlborough Street and Worcester Street and comprise a mix of 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 per annum.

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.”

The company has recently announced plans to run commercial auctions separately from residential sales from the Spring of 2021.

Bond Wolfe Auctions will offer a total of 212 lots at its auction on Wednesday 28 October, livestreamed via the www.bondwolfe.com website with remote bidding by proxy, telephone and internet only.

Anyone interested in the auctions or with properties for sale in future auctions should contact [email protected] or call 0121 312 1212.