Property

* SOLD AT AUCTION - £147,000 *

*IN THE ROOM AND LIVESTREAM*

To be sold via Public Auction on Thursday 15th May 2025 at 6:30pm Village Hotel, Canley, Coventry CV4 9GZ

Just turn up with 2 forms of ID (no need to pre-register) or register for online, proxy or telephone bidding.

GUIDE PRICE: £125,000 to £145,000

* SOLD AT AUCTION - £147,000 *

Unique opportunity, tenanted mixed commercial and residential property comprising of a car workshop, commercial/storage unit, and first floor 2 bedroom flat. Current rent payable £24,600 p.a. Ideal investment opportunity.

LOCATION The property is located on the Business Park, with access off Station Street West and also off Lockhurst Lane.
ACCOMMODATION GROUND FLOOR
Workshop: 24 ft 1 in x 11 ft 9 in with office and W.C
Commercial/storage: Not inspected.
FIRST FLOOR - Flat
Lobby:
Bathroom:
Bedroom: 13 ft 4 in x 10 ft 11 in
Room 2: 10 ft 2 in x 7 ft 2 in
Room 3: 13 ft 3 in x11 ft
Room 4: 14 ft 4 in x 8 ft 3 in
Kitchen: 13 ft 5 in x 6 ft 9 in
EPC RATING - Flat above Unit 19 - D
Unit 19 - F
COUNCIL TAX BAND Flat above Unit 19 - A
SERVICES AND HEATING Mains gas, electricity, water and sewage are supplied to the property. (No tests have been carried out and we are therefore unable to confirm connections.)

Gas central heating.
TENURE Freehold subject to leases and agreements.
AGREEMENT & LEASES Workshop Lease:
Term: 3 years from 01/12/2024
Rent: £6,000 p.a.

Commercial Unit Lease:
Term: 3 years from 01/04/2025
Rent: £9,600 p.a.

Flat Agreement:
Term: 12 months from 02/04/2025
Rent: £750 p.c.m.
ADDITIONAL COSTS Administration Fee: £1,440 (£1,200 plus VAT)
Buyer's Premium: £1,800 (£1,500 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.