3 bed Terraced

Three superbly presented, characterful, music themed, riverside letting apartments at the heart of Bridgnorth's tourist attractions, offering tremendous investment potential in an area popular for both its historic attractions and its nightlife. Riverside Studios is named after the former music studios in Hammersmith, alongside the River Thames, where the BBC's Top of The Pops used to be filmed. Just as aptly named here in Bridgnorth the Riverside Studios have views across the River Severn from a position alongside the main bridge access to the town, the bright first and second floor apartments are dual aspect, filled with natural light and feature both views of the river and of historic Cartway an ancient route, lined with period cottages, for donkeys hauling goods from the quayside up into the town. The bustling market town of Bridgnorth, scene of a siege by parliamentarian forces during the English Civil War, has a number of tourist attractions that bring a regular year round influx of tourists, these include the Severn Valley Railway, the Castle and Castle Walk, Lavington's Hole, Pan Pudding Hill and picturesque streets of lime washed or black and white cottages many of which are listed. The town also plays annual host to the English Haydn Festival, again a strong draw for visitors to the town, which is held in St. Mary's Church built by the 18th Century Engineer Thomas Telford in 1792. The River Severn is also a big in season attraction for anglers who are often involved in competitions along the river banks. There is a big demand for accommodation in the town and Riverside Studios are strategically placed to cater both for tourists and night time visitors frequenting the towns bars, restaurants and traditional hostelries.. Our client operates the studios on their own and therefore confines the occupancy to weekend bookings only, tremendous potential exists to increase business dramatically with mid week occupancy. Beautifully presented, the apartments offer a turnkey opportunity with potential income from day one and as such there is no need for costly refurbishment voids. Current room rates are from £130 to £180 per night. The ground floor "Terrace" apartment, off the entrance lobby, features a double bedroom with Cartway views, a well equipped kitchen, shower room and a living room with characterful fireplace and low lighting for cosy evenings, the "Terrace" takes its name from the living room opening to a dramatic terrace overlooking the River Severn and bridge but also featuring a sheltered hot tub. On the first floor the one bedroom dual aspect "Bridge" apartment is playfully named after both the bridge over the River Severn, of which there are views, and a guitar bridge. The "Bridge" features a bright natural light filled double bedroom with tiled shower room off. The "Loft" apartment on the second floor is also dual aspect, natural light filled and the double bedroom has an en-suite shower room. Each of these beautifully presented apartments are music themed, they each feature a fridge styled as a Marshall amplifier, and collections of various music memorabilia including records, sheet music and instruments. Auctioneer comments This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.8% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.