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Flat 6, 38 Coundon Road, Coundon, Coventry, CV1 4AW

Guide Price: £56,000 - £66,000
Auction Tuesday 7th Sep 2021 6.30pm
https://passport.eigroup.co.uk/bidder-registration/loveitts
Auction starts at 6:30pm

Description

  • Flat
  • filter bathroom 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

*** SOLD AT AUCTION - £66,000 ***

1 bedroom tenanted investment. 2nd floor leasehold flat, current rent payable £5,700 p.a. located within 1/4 mile of City Centre. Circa 9% yield.



ACCOMMODATION

SECOND FLOOR
Hallway:
Lounge: 15 ft 11 in x 12 ft 2 in max
Kitchen: 12 ft 8 in x 5 in
Bathroom:
Bedroom: 12 ft 6 in max x 10 ft 10 in



EPC RATING - D


OUTSIDE

Communal paved area.



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 6th February 2016 (now rolling)
Rent payable: £475 p.c.m.

Notice has been given by the tenant and they are due to vacate the property on the 1st October 2021



ADDITIONAL COSTS

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



Key Facts

Local Livestream Auction *** SOLD AT AUCTION - £66,000 *** Tenanted Investment Outskirts of City Centre Rent payable £5,700 p.a. 1 bedroom flat
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