No longer on the market
This property is no longer on the market
Floorplan
Map2 bedroom flat
Key information
Features and description
- In room livestream auction
- Tenanted Investment
- Yield circa 18% p.a
- First floor flat
- Garage in block
- Leasehold
- 2 bedrooms
*IN THE ROOM AND LIVESTREAM*
To be sold via Public Auction on Thursday 10th July 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: £40,000 +
Tenanted, 2 bedroom first floor flat with garage, requiring some improvements. Current rent payable £7,000 p.a. Accessed off Eld Road, Foleshill, leasehold with 44 years remaining. Ideal investment opportunity with current yield circa 18% p.a.
ACCOMMODATION FIRST FLOOR
Hallway:
Lounge: 13 ft 3 in x 9 ft 11 in
Kitchen: 9 ft 10 in x 6 ft 2 in
Bedroom 1: 10 ft 3 in x 9 ft
Bedroom 2: 10 ft 5 in x 6 ft 3 in
Bathroom:
OUTSIDE Front: Communal gardens.
Rear: Garage in a block.
Communal parking.
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.)
Electric heating.
EPC RATING - C
COUNCIL TAX BAND - A
TENURE Leasehold subject to tenancy.
Term: 99 years from 01/01/1970
Ground rent: £40 p.a.
Service Charge: £1,200 p.a
TENANCY Assured Shorthold Tenancy.
Term: 6 months from 03/08/2023 (Now rolling)
Rent payable: £600 p.c.m.
ADDITIONAL COSTS Administration Fee: £1,440 (£1,200 plus VAT)
Buyer's Premium: £600 (£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.
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