86 King Edward Road, Hillfields, Coventry, West Midlands CV1 5BJ

*** SOLD AT AUCTION £122,000***

** IN THE ROOM AND LIVESTREAM**

To be sold via Public Auction on Thursday 9th February 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: £80,000 to £100,000

*** SOLD AT AUCTION £122,000***

Tenanted investment opportunity. The property comprises of 2 flats with a current rent payable of £13,980, Yield circa 15% p.a. With a 2 bedroom to the ground floor and 2 bedroom duplex flat, to the first and second floor, each with their own access.
The Auctioneers have not inspected the property.

ACCOMMODATION
The accommodation is understood to be:
(The auctioneers have been unable to verify this information.)

Ground floor flat
Kitchen/ Diner:
Lounge:
Bathroom:
Bedroom 1:
Bedroom 2:

First floor flat
Separate access.
Lounge:
Kitchen:
Bedroom 1:
Bathroom:
Stairs leading to:
Bedroom 2:

OUTSIDE
Yard to the rear.

EPC RATING
Ground floor flat - D
First floor flat - D

COUNCIL TAX BAND
Ground floor flat - A
First floor flat - A

TENURE
Freehold subject to tenancies.

TENANCIES
GROUND FLOOR FLAT
Assured Shorthold Tenancy
Term: 6 months commencing 05/10/2021
Rent payable: £715 p.c.m (Now rolling)
(Tenant has only paid £675 p.c.m. Is currently in arrears and has not paid since 08/2022)
Notice served to vacate on 03/10/2022
FIRST FLOOR FLAT
Assured Shorthold Tenancy
Term: 6 months commencing 07/02/2018 (Now rolling)
Rent payable: £450 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.

VIEWINGS
There are no viewings available on this property.

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