15 bedroom end of terrace house

* This property remains available and open to offers following the auction on 14th July 2022. Please contact the auctioneers for further details. *

*IN THE ROOM AND LIVESTREAM *

To be sold via Public Auction on Thursday 14th July 2022 at 6:30pm Village Urban Resort 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: £550,000 plus

* This property remains available and open to offers following the auction on 14th July 2022. Please contact the auctioneers for further details. *

Unique tenanted investment opportunity. Locally Listed, end terraced property with 15 lettable rooms, arranged as 3 clusters flats. Locally listed with shared facilities and cellar. Approximately 231 sq. m. Formally The Motor Hotel which is located on the corner of Dorset Road and Somerset Road. Current rent payable £41,400 p.a., circa 8% yield.

ACCOMMODATION GROUND FLOOR
Room 1:
Room 2:
Room 3:
Room 4:
Room 5:
Bathroom:
Shower room:
Kitchen:
FIRST FLOOR
Room 6:
Room 7:
Room 8:
Room 9:
Room 10:
Room 11:
Kitchen:
Shower room:
SECOND FLOOR
Room 12:
Room 13:
Room 14:
Room 15:
Room 16
Room 17:
kitchen:
Shower room:
EPC RATING Ground floor: D
First floor: D
Second floor: D
COUNCIL TAX BANDING - A
TENURE Freehold subject to lease agreements.
TENANCIES Lease Agreement
Ground floor
Term: 5 years from and including 01/03/2021
Rent: £13,800 p.a.
Lease Agreement
First and second floor
Term: 5 years from and including 01/02/2021
Rent: £27,600 p.a.
ADDITIOINAL COSTS Administration Fee: £1,650 (£1,375 plus VAT)
Please see the legal pack for any further costs.

Tenure: See Legal Pack