2 bedroom flat for sale
Key information
Features and description
- In room and livestream auction
- Leasehold
- Tenanted investment opportunity
- Electric heating
- 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. First floor, 2 bedroom flat with electric heating and communal gardens, within a sought after location. Leasehold with 40 years remaining. Current rent payable £10,620 p.a.
ACCOMMODATION FIRST FLOOR
Hallway:
Lounge: 14 ft 4 in x 11 ft 4 in
Kitchen: 10 ft 6 in x 7 ft 2 in
Bedroom 1: 11 ft 7 in x 9 ft 4 in
Bedroom 2: 9 ft 4 in x 9 ft
Bathroom:
OUTSIDE Front: Communal gardens.
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 BAND - A
TENURE Leasehold subject to tenancy.
Term: 99 years from 29 September 1965
Ground rent: £24 p.a.
Service charge: To be confirmed.
TENANCY Assured Shorthold Tenancy
Term: 12 months from 01/07/2024
Rent payable: £885 p.c.m.
ADDITIONAL COSTS Administration Fee: £1,440 (£1,200 plus VAT)
Buyer's Premium: £1,200 (£1,000 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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