Flat 34, Abbey Court, Priory Place, Coventry, West Midlands CV1 5SA

*** SOLD AT AUCTION £149,500 ***

**BACK IN THE ROOM AND LIVESTREAM **

To be sold via Public Auction on Thursday 19th May 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: £130,000 to £150,000

*** SOLD AT AUCTION £149,500 ***

Tenanted investment opportunity. 2 bedroom, third floor apartment, plus parking. Well presented with 2 bathrooms, double glazing and electric heating, communal lift. Allocated parking space within a secure car park. Ideal investment opportunity within the heart of the City. Current rent payable £11,940 p.a. circa 9% yield.

Leasehold with approximately 132 years remaining.

ACCOMMODATION
THIRD FLOOR
Hallway:
Lounge area: 17 ft 1 in x 8 ft 1 in
Kitchen area: 8 ft 11 in max x 5 ft 11 in
Bedroom 1 with en-suite: 9 ft 12 in max x 17 ft 8 in
Bedroom 2: 9 ft 2 in x 11 ft 2 in
Shower room:

EPC RATING - C


TENURE
Leasehold subject to tenancy
Term: 150 years less 4 days from 22nd October 2003
Ground rent: £180 p.a.
Service charge: £2,327.04 p.a.

TENANCY
Apartment:
Assured Shorthold Tenancy
Initial term: 12 months from 7th April 2022
Rent payable: £995 p.c.m.

In addition, by verbal agreement:
Parking space £50 p.c.m.
Term: No tenancy agreement in place.

ADDITIONAL INFORMATION
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.