UNIQUE RANGE OF LOTS UP FOR GRABS AT LOVEITTS MARCH AUCTION
A range of unique land, commercial and residential opportunities ideal for investors, first time auction buyers and developers are set to go under the hammer at Loveitts auction this month.
Among the lots up for auction, a plot of land off Coalpit Lane near Wolston Village is set to attract significant interest from budding investors and developers alike.
Formally the site of a former cattery, the 1.34-acre lot includes planning permission for a bungalow with the potential for future development subject to consents and comes with a paddock, a private entrance and existing buildings and stables on the site.
Located on a private driveway off the sought-after location, the site has a guide price of £220,000 to £240,000, making it an ideal investment opportunity for potential developers.
The Neighbourhood Centre situated on Whitaker Road, Coventry is another unique lot that is expected to receive a great deal of interest on the night.
Having a highly competitive guide price of £280,000 and £350,000, the 5700 sq. ft commercial site is ready for future occupiers to fit out and is suitable for a variety of uses. (subject to consent)
For investors looking for a challenge, a 3-bedroom end of terrace property in need of refurbishment throughout is believed to be an ideal investment opportunity by Loveitts experts.
Situated in a popular residential community in Sir Henry Parkes Road, the 3-bed home is located 1.6 miles away from Warwick University and has parking facilities to the rear, a back facing garden, and kitchen and bathroom facilities. Guide price is £130,000 to £150,000.
Another ideal investment opportunity situated on Hugh Road in Stoke, Coventry is set to be up for grabs for a guide price of between £210,000 and £230,000.
The tenanted 5-bedroom mid-terrace property lies within close proximity to Coventry University and has high yield potential, with the current rent payable at £27,455 over eleven months.
Further investment opportunities are available on Silverdale Close and Collingwood Road on the night of the auction; the latter of which also promises a high-yield return.
The vacant three storey property with five lettable rooms on Collingwood Road in the sought-after area of Earlsdon, Coventry, comes with a guide price of £160,000 and £180,000.
Situated in the sought-after residential location of Earlsdon, the 3-bedroom mid-terraced home on Silverdale Close features front and rear gardens, gas and central heating and double-glazed windows throughout. Guide price is £120,000 and £140,000.
Loveitts Director and Auctioneer Sally Smith commented: “Our March auction is set to join a long line of Loveitts auctions to feature a wide variety of unique lots that are attractive prospects for either an investor, developer or first-time auction buyer.
“This month’s auction certainly has something for everyone including the hugely unique space in the Neighbourhood Centre on Whitaker Road. We are confident that there will be a lot of people at the auction, keen to get themselves several exceptional deals.
“We are enjoying a successful start to 2019 so far with a record-attended auction last month and a continuous and varied selection of lots. The number of people who have been attending our auctions signals a growing confidence amongst vendors opting to sell their house by auction rather than the traditional route.”
The Loveitts auction will take place on Thursday 21st March at the Village Hotel, Coventry at 6:30pm
Established in 1843, Loveitts Estate Agents is the largest independent multi-discipline practice of estate agents, chartered surveyors, valuers and auctioneers in the region.