2 bedroom ground floor maisonette for sale
Key information
Features and description
- In room and licestram auction
- Garage in a block
- Ground floor maisonette
- Leasehold
- 2 bedroom
- Yield circa 14%
*IN THE ROOM AND LIVESTREAM*
To be sold via Public Auction on Thursday 6th February 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: £65,000 to £85,000
Tenanted investment opportunity. Ground floor 2 bedroom maisonette with garden to the rear and a single garage located within a block. Located in a popular residential area. Leasehold with 40 years remaining. Current rent payable £10,200 p.a. circa 14% yield.
ACCOMMODATION GROUND FLOOR
Hallway:
Kitchen: 8 ft 10 in x 7 ft 5 in
Lounge: 14 ft 6 in x 11 ft 4 in
Shower room:
Bedroom 1: 11 ft 11 in x 11 ft 4 in
Bedroom 2: 8 ft 6 in x 7 ft 6 in
OUTSIDE Garden to the rear with store and a garage located in a block.
On street parking.
SERVICES AND HEATING Mains 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 - D
COUNCIL TAX BANDING - A
TENURE Leasehold with vacant possession.
Term: 99 years commencing 01/01/1966
Ground rent: £24 p.a. (paid twice yearly)
Ground rent review date: to be confirmed.
Garage rent: £146.72 p.q.
TENANCY Assured Shorthold Tenancy
Term: 12 months from 01/06/2024
Rent payable: £850 p.c.m
ADDITIONAL COSTS Administration Fee: £1,200 (£1,000 plus VAT)
Buyers premium: £1,440 (£1,200 plus VAT)
Please see the legal pack for any further costs.
Tenure: See Legal Pack
Buyer's Premium Fee: £1440 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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