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123 Allesley Old Road, Coventry, CV5 8FJ

Guide Price: £145,000 - £165,000
Auction Thursday 16th Jul 2020 6.30pm
www.auctionhouse.co.uk/loveitts
Auction starts at 6:30pm

Description

  • Mixed Use
  • 2 Bedrooms
  • 2 Bathrooms


This will be a live stream auction. Bidding will be available by either telephone, proxy or online bidding. If you wish to bid, please download the bidding form and return it by email or post with copies of your ID and proof of address.

Mixed use investment, consisting of a ground floor studio flat, first floor 2 bedroom flat and commercial unit to the rear. Current rent payable £13,520 p.a.
Ideal investment opportunity.



ACCOMMODATION

GROUND FLOOR STUDIO FLAT
Lounge/ Bedroom: 16 ft 6 in max x 13 ft 10 max
Kitchen: 11 ft 10 in x 11 ft 10 in max
Bathroom:
Yard to the rear.

FIRST FLOOR FLAT
Hallway:
Lounge: 14 ft 6 in max 13 ft 11 in
Kitchen: 8 ft 1 in x 7 ft 6 in max
Bedroom 1: 14 ft 1 in max x 13 ft 8 in max
Bedroom 2: 12 ft 10 in x 7 ft 11 in
Bathroom:

COMMERCIAL UNIT
Front area plus W.C. 16 ft 4 in max x 16 ft 9 in max
Rear area plus W.C. and kitchen area 58 ft 11 in max x 28 ft x 5 in max
Approximately 1388 sq ft (As per Valuation Office Agency website)



EPC RATING -

Ground Floor Flat: D
First Floor Flat: D
Commercial Unit: F



TENURE

Freehold subject to tenancies.



TENANCIES

GROUND FLOOR FLAT
Term: 1st December 2008 to and including 30th November 2009, now rolling.
Rent payable: £280 p.c.m.
FIRST FLOOR FLAT
Term: 20th July 2012 to and including 19th July 2013, now rolling.
Rent payable: £430 p.c.m
COMMERCIAL UNIT
Term: 11th February 2017 to 10 February 2020
Rent payable: £5,000 p.a.
(We are advised by the tenants that they will be vacating by the end of September 2020)



ADDITIONAL COSTS

Administration Fee: £1,200 (£1,000 plus VAT)
Please see the legal pack for any further costs.



Key Facts

Mixed use 2 flats Commercial unit Ideal investment opportunity
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