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1-11 Hearsall Lane and 62-72 Broomfield Place, Earlsdon, Coventry, West Midlands CV5 6HF

Guide Price: £660,000 plus
Auction Thursday 3rd Nov 2022 6.30pm
Village Hotel
Dolomite Avenue, Canley, Coventry CV4 9GZ

Description

*** SOLD POST AUCTION **

**IN THE ROOM AND LIVESTREAM **

To be sold via Public Auction on Thursday 3rd November 2022 at 6:30pm Village Urban Resort Hotel, Canley, Coventry CV4 9GZ

Just turn up and no need to pre-register. You can also register for telephone, proxy, internet bidding online.

passport.eigroup.co.uk/bidder-registration/loveitts

GUIDE PRICE: £660,000 plus

*** SOLD POST AUCTION **

Unique opportunity - mixed residential and commercial investment opportunity. Comprising a parade of retail units, first floor tattoo studio and 5 first floor studio flats. Current rent payable £63,800 (plus potential from vacant unit expected to be £9,000), circa 9% + Yield.

ACCOMMODATION
COMMERICAL ACCOMMODATION
1, 3, 5 Hearsall Lane - Convenience store (approx 1,206 sq ft)
7 Hearsall Lane - Retail store (approx 459 sq ft)
9, 11 Hearsall Lane - Retail store (approx 1,093 sq ft)
72 Broomfield Place - Retail store (1,100 sq ft)
1a Hearsall Lane - Tattoo studio (411 sq ft)

RESIDENTIAL ACCOMMODATION
5 x bedsit flats
Comprising lounge/bedroom plus separate kitchen, shower room and balcony.

EPC RATINGS
1A Hearsall Lane - D
3-5 Hearsall Lane - D
7 Hearsall Lane - G
9-11 Hearsall Lane - D
62 Broomfield Place - E
64 Broomfield Place - E
66 Broomfield Place - E
68 Broomfield Place - E
70 Broomfield Place - E
72 Broomfield Place - E

TENURE
Freehold subject to Leases and Tenancies.

TENANCY AND LEASE INFORMATION
Please see table.

Please see Legal Pack for details of rent arrears.

ADDITIONAL COSTS
Administration Fee: £1,650 (£1,375 plus VAT)
Please see the legal pack for any further costs.

Disbursements:
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Key Facts

PUBLIC AUCTION - In the room and livestream *** SOLD POST AUCTION ** Mixed residential and commercial investment Circa 9%+ Yield Comprising retail units and residential flats Unique opportunity
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