'The Bell' - Lion Hill, Stourport-on-Severn, DY13

'The Bell' is a handsome Grade II listed Georgian building, formerly a hotel and public house converted to form 5 x one bedroom flats and a ground floor office space plus seven parking spaces on the private car park behind.

*DETAILS OF HOW TO REGISTER AND BID AT AUCTION CAN BE FOUND AT THE END OF THIS DESCRIPTION*

The property, formally known as Bell Row Court, has an excellent location in the centre of Stourport, within a short walk of the canal basins, riverside and bustling high street. Many of the present tenants are longstanding, though two of the rents have just been reviewed and will increase in December 2024, giving a total fully let income of £38,285pa, representing an 11.96% yield at the guide price.

Details of each of the individual units and details of the auction process are all set out below:

Ground Floor Apartment
(Living Room, Kitchen, Bedroom, Shower Room - also with access to cellar).
Council Tax Band: A. - EPC Rating: D - Floor Area: 506 sq ft/ 47 sq m.
Currently let @ £6000pa (£500 x 12 calendar months) rising in Dec 2024 to £6600pa (£550 x 12 calendar months).

Ground Floor Office*
(Office Room, WC & Kitchenette)
Council Tax Band: N/A. - Commercial EPC Rating: D - Floor Area: 657 sq ft/ 61 sq m.
Currently let @ £5000pa (the office is currently rented by the sellers for business use, and they are willing to continue as tenants for another 12 months if this would suit the buyer).

* There is also an additional ground floor office (two rooms, open-plan) which the owners use for private storage and which has not previously been let out.

Flat 1 (first floor)
(Lounge, kitchen,bedroom, bathroom)
Council Tax Band: A. - EPC Rating: E - Floor Area: 452 sq ft/ 42 sq m.
Currently let @ £6000pa (£500 x 12 calendar months) rising in December 2024 to £6600pa (£550 x 12 calendar months).

Flat 2 (first floor)
(Living Room, Kitchen/ Diner, Bedroom, Shower Room, WC)
Council Tax Band: A.- EPC Rating: E - Floor Area: 635 sq ft/ 59 sq m.
Until October 2024 let @ £7150pa (£550 per 4 weeks x 13), and about to be re-let prior to auction @ £7735pa (£595 per 4 weeks x 13).

Flat 3 (second floor)
(Lounge, Kitchen, Bedroom, Shower Room, WC)
Council Tax Band: A. - EPC Rating: D - Floor Area: 495 sq ft/ 46 sq m.
Currently let @ £7150pa (£550 per 4 weeks x 13)

Flat 4 (second floor)
(Living Room/ Kitchen, Bedroom, Shower Room, WC)
Council Tax Band: A. - EPC Rating: E - Floor Area: 323 sq ft/ 30 sq m.
Currently let @ £5200pa (£400 per 4 weeks x 13)

Tenure of the building is freehold.

All units have electric storage heating. Some windows are upvc double glazed.
Mains electricity, water & drainage are connected. The is no mains gas to the property.

Each unit has an independent electricity meter fitted by Positive Energy in October 2024.

Mobile Coverage: 4G coverage is available in the area - please check with your provider.
Broadband Availability: Ultrafast broadband (FTTP) is available in the area.




Stourport-on-Severn is a vibrant tourist destination, popular with holidaymakers especially members of the boating fraternity, for whom the town is a natural gateway to the navigable River Severn and also to the entire Midlands canal network

With a population of 20,000, Stourport is the second largest town in the Wyre Forest District, with a good range of local amenities, whilst nearby Kidderminster has a railway station with regular service between Birmingham & Worcester.

In its heyday Stourport became one of the busiest inland ports in the country, following the arrival in 1771 of the Staffordshire-Worcestershire Canal which joins the River Severn here. Today, with it's riverside amusements, funfair and boat trips, there is always a good demand for holiday accommodation in the town, which may be another angle which some investors might wish to explore.

HOW TO BID AT AUCTION

The Property Experts are acting jointly with our auction partner The Auction Company, who are reponsible for the auction sale process.

Method of Auction:

- This is a Timed Online' auction, meaning bidding takes place online.
- Visit The Auction Company website find the property details and the bidding method at:
- The property is for sale by unconditional online auction on Wednesday 27/11/2024 with bidding commencing at 12:00 midday and ending on 27/11/2024 at 12:15pm.

Registering to bid:

- In order to bid on the property, you are required to register your details with The Auction Company. CALL - You will be required to undertake identity checks as this is the law.
- You will be required to register your payment details. This is to ensure you have funds available to settle the Buyer's Premium and deposit.
- A hold/shadow will be placed on £1,000 for this.
- If you place a bid, it is deemed you have read, understood and agree to the Terms and Conditions of The Auction Company in their entirety.
- T&Cs, Buyers Terms and Special Auction Conditions are found on each property details. You must read these before bidding.

Auction type - Traditional Method of Auction (Unconditional):

- If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end and complete with 28 days.
- The held amount of £1,000 will be deducted from your account and forms the Buyer's Premium minimum amount.
- You will be contacted within 2 hours to settle the deposit amount payable and any remaining Buyers Premium due.
- The Buyer's Premium is set at 4% + VAT (£5,000 + VAT minimum). This is non-refundable and does not constitute towards the cost of the property.
- The deposit amount is 10% of the sale price and will be collected within 2 hours of the close of auction.

Legal Pack:

- The legal pack is a set of documents that relate to the property and the sale of it.
- It is highly recommended that you download and consider the provided legal pack for the property you are interested in bidding on.
- It is also advisable that you seek legal advice regarding the content of the legal pack, to ensure certainty before bidding.
- To download the legal pack, search for The Auction Company website and find the property of interest. There is a tab for legals' where you will find the documents. To download, you must create a free account with The Auction Passport.
- The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.

Special Conditions of Sale:

- These conditions are not set by The Property Experts or The Auction Company. They are conditions stipulated by the seller and are contractually binding.
- You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.