Property Details: • Type: Terraced • Tenure: N/A • Floor Area: N/A
Key Features: • **This property is currently available – Please contact the Auctioneers to register your interest** • IN ROOM AND LIVESTREAM AUCTION • Requires redecoration • Tenanted investment opportunity • HMO licence till April 2026 (Not transferable) • Current rent payable £22,800 p.a. • Freehold
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: 29 Warwick Row, Coventry, CV1 1DY
Full Description: **This property is currently available – Please contact the Auctioneers to register your interest**
**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: £240,000 to £260,000**This property is currently available – Please contact the Auctioneers to register your interest**
Tenanted investment opportunity. 3 Storey mid terrace consisting of 5 x bedsits and 1 x studio flat, with communal kitchen and bathrooms. Requiring some redecoration. Current HMO licence until April 2026 (not transferable) rent payable £22,800 p.a. Potential to achieve more once fully let.ACCOMMODATION GROUND FLOOR Room 1: Lounge/Bedoom:14 ft 7 in x 8 ft 9 in Kitchen: 10 ft 11 in x 9 ft 11 in Separate shower room: Communal kitchen: 12 ft 7 x 10 ft 10 in Room 2: Not inspected. FIRST FLOOR Room 3: Bedsit: 11 ft 8 in x 9 ft 11 in Communal bathroom: Room 4: 12 ft 6 in x 10 ft 10 in Room 5: 15 ft 8 in x 15 ft 2 in max SECOND FLOOR Room 6: Lounge/bedroom/Kitchen: 13 ft 9 in x 12 ft 7 in Store:OUTSIDE Front: Garden. Rear: Communal garden. On Street 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.)
Gas central heating.EPC RATING - ECOUNCIL TAX BAND - DTENURE Freehold subject to tenancies.TENANCIES Assured Shorthold Tenancy Room 1 - Vacant Room 2 Let month by month at £350 p.c.m - no tenancy agreement in place Room 3 Term: 12 months from 01/02/2024 Rent payable: £350 p.c.m. Room 4 Term: 12 months from 15/04/2024 Rent payable: £450 p.c.m. Room 5 Term: 12 months from 01/01/2024 Rent payable: £400 p.c.m. Room 6 Term: 12 months from 19/05/2022 Rent payable: £350 p.c.m.ADDITIONAL COSTS Administration Fee: £1,440 (£1,200 plus VAT) Buyer's Premium: £1,440 (£1,200 plus VAT) Please see the legal pack for any further costs.Tenure: See Legal PackDisbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.