Auction House / Coventry and Warwickshire

  • For Sale By Unconditional Online Auction
  • Guide Price* : £120,000
  • Auction Ended 20/06/2023
  • Lot 5

Flat 41 Abbey Court, Flat 41 Abbey Court, Coventry, West Midlands, CV1 5SA

To be sold via unconditional ONLINE Auction on Tuesday 20th June 2023
(Visit auctionhouse.co.uk/online).

BIDDING OPENS: 13:00 on Monday 19th June 2023
AUCTION ENDS: 13:00 on Tuesday 20th June 2023

GUIDE PRICE: £120,000 to £140,000

Description

To be sold via unconditional ONLINE Auction on Tuesday 20th June 2023
(Visit auctionhouse.co.uk/online).

BIDDING OPENS: 13:00 on Monday 19th June 2023
AUCTION ENDS: 13:00 on Tuesday 20th June 2023

GUIDE PRICE: £120,000 to £140,000

Tenanted investment opportunity, 2 bedroom, 4th floor apartment, plus balcony and parking. The property benefits from 2 bathrooms, double glazing, electric heating and communal lift. Allocated parking space within a secure car park. Ideal investment opportunity within the heart of the City Centre. Current rent payable £12,000 p.a. circa 9% yield. Leasehold with approximately 130 years remaining.

ACCOMMODATION FOURTH FLOOR
Hallway:
Open plan lounge/ dining area: 19 ft 4 in x 9 ft
Kitchen area: 8 ft 11 in x 6 ft 8 in
Bedroom 1 + en suite: 14 ft 2 in max x 9 ft 2 in max
Bedroom 2: 9 ft 11 in x 9 ft 2 in
Bathroom:
OUTSIDE Balcony
EPC RATING - C
COUNCIL TAX BAND - C
TENURE Leasehold subject to tenancy.
Term: 150 years commencing 22/10/2003
Ground rent: £90 6 monthly
Ground rent period: 01/01/23 - 30/06/23
Service charge: £1,543 per 6 months
Service charge period: 01/01/23 - 30/06/23
TENANCY Assured Shorthold Tenancy
Term: 12 months commencing 01/09/2022
Rent payable: £1,000 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

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.

Buyers Premium

Buyer's Premium: £1,200 (£1,000 plus VAT)

Administration Charge

Administration Fee: £1,200 (£1,000 plus VAT)
Please see the legal pack for any further costs.

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* Guide | £120,000
  • Flat
  • 2 Bedrooms
  • Unconditional (Immediate Exchange)

Call the team on 024 7652 7789 for more information

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.