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.
If you would like any advice on buying, selling or renting a property, get in touch with our friendly team today.