Flat 6, 8 Spencer Avenue, Earlsdon, Coventry, West Midlands CV5 6NP

*** SOLD AT AUCTION £75,000***

** 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: £55,000 to £75,000

*** SOLD AT AUCTION £75,000***

Tenanted investment opportunity. First floor 1 bedroom apartment, with open plan living. Located in a popular residential area, within close proximity to Spencer Park and walking distance to Coventry train station. Leasehold with approximately 82 years remaining. Current rent payable £6,000 p.a Circa 9% yield.

ACCOMMODATION
GROUND FLOOR
Lounge/ Kitchen: 17 ft max x 11 ft
Bedroom: 10 ft 10 in x 5 ft 8 in
Shower room:

EPC RATING - E


COUNCIL TAX BAND - A


TENURE
Leasehold subject to tenancy.
Term: 99 years from 1st January 2003
Ground rent: £40 p.a.
Service charge: £112.60 p.a.
Please see legal pack for further information

TENANCY
Assured Shorthold Tenancy
Term: 6 months commencing 10/09/2022
Rent payable: £500 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.