Apartment
DRAFT DETAILS
This one bedroomed 2nd floor apartment is ready to be occupied and with a potential return of £650 per calendar month/£7,800 per annum, based on comparable evidence. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Located within 1/2 mile of Coventry University and the main shopping area of Coventry and comprising allocated parking, hallway, lounge diner, kitchen, double bedroom and bathroom.
20ft 1 x 9ft 3
8ft 4 x 7ft 4
9ft 3 x 12ft 10
7ft 4 x 6ft 2
Length of lease: 125 years from and including 1 April 2021
Current ground rent: Peppercorn
Ground rent review period: N/A
Current service charge: Please see legal pack
Service charge review period: Please see legal pack
This information should be clarified in the legal pack and we’ll update the information above when we receive it.
Leasehold. Vacant possession upon completion.
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 (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
Guide Price & Reserve Price
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.
