House For Sale £230,000
*IN THE ROOM AND LIVESTREAM*
To be sold via Public Auction on Thursday 16th May 2024 at 6:30pm Village Hotel, Canley, Coventry CV4 9GZ
Just turn up and no need to pre-register. You can also register for telephone, proxy, internet bidding online.
passport.eigroup.co.uk/bidder-registration/loveitts
GUIDE PRICE: £230,000 to £250,000
Investment opportunity - Terraced property comprising of 5 tenanted flats, with rent payable £35,700 p.a. Requiring some improvements, includes a cellar and rear yard. Accommodation extends over 3 floors. Popular location, approximately 1 mile from the City centre.
NOTE - Please see Legal Pack for Notice served by Coventry City Council relating to HMO Licensing.
ACCOMMODATION CELLAR
GROUND FLOOR
Flat 1
No Access
Flat 5
Lounge/bedroom/Kitchen: 13 ft 2 in max x 29 ft max
Shower room:
FIRST FLOOR
Flat 2
Lounge/Bedroom: 15 ft 3 in max x 18 ft 5 in max
Kitchen: 4 ft 8 in max x 7 ft 7 in max
Shower room:
Flat 3
Lounge/Bedroom: 11 ft 11 in max x 13 ft 2 in
Kitchen/diner: 15 ft 5 in max x 7 ft 5 in
Shower room
SECOND FLOOR
Flat 4
Lounge/Bedroom: 8 ft 8 in x 16 ft 10 in
Kitchen: 8 ft 2 in max x 6 ft 2 in max
Bathroom:
OUTSIDE Outside W.C.
Parking in street.
SERVICES Mains gas, electricity, water and sewage are supplied to the property, with solar panels on the roof. (No tests have been carried out and we are therefore unable to confirm connections.)
EPC RATING Flat 1 - C
Flat 2 - A
Flat 3 - D
Flat 4 - D
Flat 5 - D
COUNCIL TAX BAND All flats are band A
TENURE Freehold subject to tenancies.
TENNANCIES Flat 1 - Assured Shorthold Tenancy
Term: 12 months from 08/09/2023
Rent payable: £525 p.c.m.
Flat 2 - Assured Shorthold Tenancy
Term: 12 months from 31/01/2024
Rent payable: £575 p.c.m.
Flat 3 - Assured Shorthold Tenancy
Term: 12 months from 07/12/2023
Rent payable: £700 p.c.m.
Flat 4 - Assured Shorthold Tenancy
Term: 12 months from 25/03/2022 (now rolling)
Rent payable: £525 p.c.m.
Flat 5 - Assured Shorthold Tenancy
Term: 12 months from 21/02/2024
Rent payable: £650 p.c.m.
ADDITIONAL COSTS Administration Fee: £1,650 (£1,375 plus VAT)
Please see the legal pack for any further costs.
Tenure: See Legal Pack
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
