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53 Barras Lane, Spon End, Coventry, West Midlands CV1 3BU

Guide Price: £230,000 - £250,000
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: £230,000 to £250,000

** SOLD POST AUCTION **

Part tenanted investment opportunity, comprising of 6 units with shared facilities (except unit 2) over 3 storeys, plus basement. Requiring some improvements. Located within a popular residential area. Current rent payable £9,360 p.a. with potential to increase once fully let.

ACCOMMODATION
GROUND FLOOR
Hallway:
Unit 1
Bedroom/Kitchen/Lounge: 15 ft 8 in max x 12 ft 5 in max
Unit 2
Lounge/Bedroom: 13 ft 9 in max x 13 ft 6 in
Kitchen: 13 ft 10 in x 7 ft 7 in max
Shower Room
Access to basement
FIRST FLOOR
Shared bathroom:
Unit 3:
Bedroom/Kitchen/Lounge: 14 ft 4 in x 10 ft 4 in max
Unit 4:
Bedroom/Kitchen/Lounge: 16 ft 8 in max x 15 ft 9 in max
SECOND FLOOR:
Shared former shower room
Unit 5:
Bedroom/Kitchen/Lounge: 13 ft 10 in x 10 ft 5 in max
Unit 6:
Bedroom/Kitchen/Lounge: 16 ft 9 in x 15 ft 9 in max

OUTSIDE
Front: Paved area
Rear: Garden

EPC RATING - E


COUNCIL TAX BAND - C


TENURE
Freehold subject to tenancies.

TENANCIES - All Assured Shorthold Tenancies
Unit 1 - Vacant
Unit 2 - Term: 6 months commencing 24/06/22
Rent payable: £50 p.w
Unit 3 - Term: 6 months from 24/06/22
Rent payable: £55 p.w
Unit 4- Term: 6 months from 24/06/22
Rent payable: £75 p.w
Unit 5 - Vacant
Unit 6 - Vacant

ADDITIONAL COSTS
Administration Fee: £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.

Key Facts

PUBLIC AUCTION - In room and livestream ** SOLD POST AUCTION ** Part tenanted investment opportunity 6 x lettable units (3 x vacant) Requiring some improvements Popular Spon End location Potential for uplift of income
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