Semi-detached house
A period property converted into four self-contained apartments.
The property has a good history of letting with a rent of £85 per week / £4420 per annum. Three flats are currently let at a combined rent of £13,260 per annum. The rental income when fully let is £17,780 which gives an approximate return of 11.7%.
Each flat has modern kitchens and bathrooms, UPVC double glazing and their own electricity supply. There are also fire alarms and emergency lighting throughout.Close to local amenities including shops, schools, park and pubs and easy access to Coventry City Centre.
Open plan Lounge/Kitchen/Bedroom, Shower Room
Lounge / bedroom, kitchen, bathroom
Lounge / bedroom, kitchen, shower room
Lounge, kitchen, bedroom, shower room
Small fore-garden, rear yard and a useful good sized second garden to the rear of the property.
We understand the property is Freehold and is being sold subject to existing tenancies.
Strictly by arrangement with the auctioneers.
Freehold. Subject to tenancy.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
