Cartway, Bridgnorth

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.

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.8% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

Tenure
We understand that the property is Freehold

Business Tax
The current business tax is £2,250 per annum

Services
The property has the benefit of all mains services

Viewings
All viewings are to be arranged via the vendors sole agents Nick Tart Estate Agents, Bridgnorth call or email

We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £45 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We do not receive any of the fee taken by Lifetime Legal for its role in the provision of these checks.

Important
We take every care in preparing our sales details. They are carefully checked, however we do not guarantee appliances, alarms, electrical fittings, plumbing, showers, etc. Photographs are a guide and do not represent items included in the sale. Room sizes are approximate. Do not use them to buy carpets or furniture. Floor plans are for guidance only and not to scale. We cannot verify the tenure as we do not have access to the legal title. We cannot guarantee boundaries, rights of way or compliance with local authority planning or building regulation control. You must take advice of your legal representative. Reference to adjoining land uses, i.e. farmland, open fields, etc does not guarantee the continued use in the future. You must make local enquiries and searches.