5 bedroom block of apartments

* This property remains available and open to offers following the auction on 9th February 2023. Please contact the auctioneers for further details. *

* IN THE ROOM AND LIVESTREAM*

To be sold via Public Auction on Thursday 9th February 2023 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: £240,000 to £260,000

* This property remains available and open to offers following the auction on 9th February 2023. Please contact the auctioneers for further details. *

Unique investment opportunity - 5 self contained studio flats with rent payable of £37,200 p.a. (gross). circa 15% Yield (gross). Over 2 floors, the converted property has 2 flats on the ground floor and 3 on the first floor. Located within a popular south Coventry location.

The property is situated on the corner, benefiting from 2 access doors.

ACCOMMODATION GROUND FLOOR:
Hallway
Flat 1 - Plus ensuite
Flat 2 - Plus ensuite
FIRST FLOOR
Flat 3 - Plus ensuite
Flat 4 - Plus ensuite
Flat 5 - Plus ensuite
OUTSIDE Side/Rear: Garden with pedestrian access.
EPC RATINGS Flat 1 - C
Flat 2 - C
Flat 3 - D
Flat 4 - C
Flat 5 - D
COUNCIL TAX BAND - Each flat is band A.
TENURE Freehold subject to tenancies.
TENANCIES Company Let Agreement
Flat 1
Term: 10/07/2022 to 09/07/2023
Rent payable: £620 p.c.m.
Flat 2
Term: 10/07/2022 - 09/07/2023
Rent payable: £620 p.c.m.
Flat 3
Term: 06/07/2022 to 05/07/2023
Rent payable: £620 p.c.m.
Flat 4
Term: 06/07/2022 to 05/07/2023
Rent payable: £620 p.c.m.
Flat 5
Term: 27/07/2022 to 26/07/2023
Rent payable: £620 p.c.m.
ADDITIONAL COSTS Administration Fee: £1,200 (£1,000 plus VAT)
Buyer's Premium: £1,200 (£1,000 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.