COVID-19 Update

Flat 3, 38 Coundon Road, Coundon, Coventry, CV1 4AW

Guide Price: £50,000 - £60,000
Auction Thursday 15th Jul 2021 6.30pm
https://passport.eigroup.co.uk/bidder-registration/loveitts
Auction starts at 6:30pm

Description

  • Flat
  • 1 Bedrooms
  • 1 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

Tenanted first floor, 1 bedroom flat, with current rent payable £5,400 p.a. Located within 1/4 mile of City Centre, having gas central heating and double glazing, secured front door access. Ideal investment, approximately 10% yield.



ACCOMMODATION

Communal secured entrance hallway.
FIRST FLOOR
Hallway:
Kitchen: 6 ft 9 in x 4 ft 10 in
Lounge: 13 ft 11 in x 10 ft 11 in max
Bedroom: 12 ft 7 in x 10 ft 3 in max
Shower room:



EPC RATING - D


TENURE

Leasehold subject to tenancy.
Term: New Lease. 99 years.
Ground rent: £100 p.a.
Service charge: £200 p.q.



TENANCY

Assured Shorthold Tenancy
Term: 6 months from 28th August 2020
Rent payable: £450 p.c.m.



ADDITIONAL COSTS

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



Key Facts

Local Livestream Auction 1 bedroom flat Gas central heating Double glazing Outskirts of City Centre Tenanted investment
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