**ONLINE AUCTION**
To be sold via unconditional ONLINE Auction on Tuesday 4th October 2022
(Visit auctionhouse.co.uk/online).
BIDDING OPENS: 13:00 on Monday 3rd October 2022
AUCTION ENDS: 13:00 on Tuesday 4th October 2022
GUIDE PRICE: £120,000 to £140,000
Description
Part tenanted investment. End terraced property comprising of 3 x flats with current rent payable £10,920 p.a gross, yield circa 9% (potential to increase once fully let). Ground floor, 1 bedroom flat with garden access and 2 x studios on the first floor. With double glazing and current HMO licence.
Located with a popular residential area.
ACCOMMODATION
GROUND FLOOR,
FLAT 1
Hallway:
Room 1: 12 ft 4 in max x 7 ft 6 in max
Lounge: 12 ft 2 in max x 11 ft max
Kitchen: 12 ft 1 in x 6 ft 1 in
Bathroom:
Rear lobby:
FIRST FLOOR
FLAT 2
Bedroom/ Kitchen/ Lounge and en suite: 12 ft 5 in max x 11 ft 1 in
FLAT 3
Bedroom / Kitchen/ Lounge and en suite: 12 ft 5 in max x 11 ft 1 in max
OUTSIDE
Front: Paved area.
Rear: Garden.
EPC RATING
Flat 1 - E
Flat 2 - E
Flat 3 - E
COUNCIL TAX BAND
Flat 1 - A
Flat 2 - A
Flat 3 - A
PLANNING
Planning granted on 06/04/2022
"Lawful Development Certificate for the Change of use from C3 to a C4 dwellinghouse (small HMO)."
For further information please contact:
Web: www.coventry.gov.uk/planningapplications
Email: planning@coventry.gov.uk
Tel: 024 7683 1109
TENURE
Freehold subject to tenancies.
TENANCIES
Flat 1
Assured Shorthold Tenancy.
Term: 6 months commencing 12/08/21 (now rolling)
Rent payable: £490 p.c.m
FLAT 2
Vacant.
FLAT 3
Assured Shorthold Tenancy.
Term: 6 months from 10/11/2021 (now rolling)
Rent payable: £420 p.c.m
ADDITIONAL NOTES
Buyers Premium: £900 (£750 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.
Administration Charge
Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.
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- 3 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 024 7652 7789 for more information
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