Flat 41, Abbey Court, Priory Place, Coventry, West Midlands CV1 5SA
Guide Price: £120,000 - £140,000Auction starts at 1:00 pm Monday 19th June 2023
Description
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2 Bedrooms
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2 Bathrooms
To be sold via unconditional ONLINE Auction on Tuesday 20th June 2023
(Visit auctionhouse.co.uk/online).
BIDDING OPENS: 13:00 on Monday 19th June 2023
AUCTION ENDS: 13:00 on Tuesday 20th June 2023
GUIDE PRICE: £120,000 to £140,000
Tenanted investment opportunity, 2 bedroom, 4th floor apartment, plus balcony and parking. The property benefits from 2 bathrooms, double glazing, electric heating and communal lift. Allocated parking space within a secure car park. Ideal investment opportunity within the heart of the City Centre. Current rent payable £12,000 p.a. circa 9% yield. Leasehold with approximately 130 years remaining.
ACCOMMODATION
FOURTH FLOOR
Hallway:
Open plan lounge/ dining area: 19 ft 4 in x 9 ft
Kitchen area: 8 ft 11 in x 6 ft 8 in
Bedroom 1 + en suite: 14 ft 2 in max x 9 ft 2 in max
Bedroom 2: 9 ft 11 in x 9 ft 2 in
Bathroom:
OUTSIDE
Balcony
EPC RATING - C
COUNCIL TAX BAND - C
TENURE
Leasehold subject to tenancy.
Term: 150 years commencing 22/10/2003
Ground rent: £90 6 monthly
Ground rent period: 01/01/23 - 30/06/23
Service charge: £1,543 per 6 months
Service charge period: 01/01/23 - 30/06/23
TENANCY
Assured Shorthold Tenancy
Term: 12 months commencing 01/09/2022
Rent payable: £1,000 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.
Key Facts
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