COVID-19 Update

106 Edward Street, Nuneaton, CV11 5RE

Guide Price: £280,000 - £310,000
Auction Thursday 20th May 2021 6.30pm
https://passport.eigroup.co.uk/bidder-registration/loveitts
Auction starts at 6:30pm

Description

  • Block of Apartments
  • 5 Bedrooms
  • 5 Bathrooms


This will be a Livestream auction. Bidding will be available by either telephone or online bidding. If you wish to bid, please follow the link below to register online.

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

If you wish to proxy bid please contact a member of the Auction Team.

Unique investment opportunity, mostly tenanted former medical centre converted into 5 self contained flats, with car parking to the rear. Current rent payable £25,740 p.a. (gross) with potential of £32,040 p.a. (gross) when fully let. Well presented with double glazing and gas central heating



ACCOMMODATION

GROUND FLOOR
Flat F - 1 bedroom flat, direct access from car park.
Communal access lobby with utility area.
Flat D - Studio flat
Flat E - Studio flat

FIRST FLOOR/ SECOND FLOOR
Flat A - Studio flat
Flat B - Duplex 1 bedroom flat



OUTSIDE

Car park.



EPC RATING

106 A - E
106 B - D
106 D - E
106 E - D
106 F - D



TENURE

Freehold subject to tenancies.



TENANCIES

106 A -
Currently Vacant
106 B -
Assured Shorthold Tenancy
Term: 6 months from 9th September 2020 (now rolling)
Rent payable: £600 p.c.m.
106 D -
Currently Vacant
106 E -
Assured Shorthold Tenancy
Term: 6 months from 29th June 2019 (now rolling)
Rent payable: £495 p.c.m.
106 F -
Assured Shorthold Tenancy
Term: 3 months from 15th April 2021 up to and including 14th July 2021
Rent payable: £525 p.c.m.



ADDITIONAL COSTS

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



Key Facts

5 x self contained flats Mostly tenanted Investment opportunity Off parking parking
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