23 Agincourt Road, Cheylesmore, Coventry, West Midlands CV3 5PT

*** SOLD PRIOR TO AUCTION ***

** IN THE ROOM AND LIVESTREAM**

To be sold via Public Auction on Thursday 23rd March 2023 at 6:30pm Village 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: £225,000 to £245,000

*** SOLD PRIOR TO AUCTION ***

Unique investment opportunity - 5 self contained studio flats with rent payable of £37,200 p.a. (gross). circa 15% Yield (gross). Over 2 floors, the converted property has 2 flats on the ground floor and 3 on the first floor. Located within a popular south Coventry location.

The property is situated on the corner, benefiting from 2 access doors.

ACCOMMODATION
GROUND FLOOR:
Hallway
Flat 1 - Plus ensuite
Flat 2 - Plus ensuite
FIRST FLOOR
Flat 3 - Plus ensuite
Flat 4 - Plus ensuite
Flat 5 - Plus ensuite

OUTSIDE
Side/Rear: Garden with pedestrian access.

EPC RATINGS
Flat 1 - C
Flat 2 - C
Flat 3 - D
Flat 4 - C
Flat 5 - D

COUNCIL TAX BAND - Each flat is band A.


TENURE
Freehold subject to tenancies.

TENANCIES
Company Let Agreement
Flat 1
Term: 10/07/2022 to 09/07/2023
Rent payable: £620 p.c.m.
Flat 2
Term: 10/07/2022 - 09/07/2023
Rent payable: £620 p.c.m.
Flat 3
Term: 06/07/2022 to 05/07/2023
Rent payable: £620 p.c.m.
Flat 4
Term: 06/07/2022 to 05/07/2023
Rent payable: £620 p.c.m.
Flat 5
Term: 27/07/2022 to 26/07/2023
Rent payable: £620 p.c.m.

ADDITIONAL COSTS
Administration Fee: £1,200 (£1,000 plus VAT)
Buyer's Premium: £1,200 (£1,000 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.