Call the team on 024 7652 7789 for more information
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.
TENANCIES
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.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - these fees are included in the above sales particulars.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.