sold

2 Radcliffe Road, Earlsdon, Coventry, CV5 6AA

Guide Price £260,000 - £280,000

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This property was featured in our previous auction:

22nd March 2018 @ 6:30pm

Village Urban Resort Hotel, Coventry

Dolomite Avenue, Canley, Coventry, West Midlands, CV4 9GZ

Contact us on 024 7652 7789 for more information.
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End of Terrace, 4 Bedrooms,

  • Mixed use investment property
  • Tenanted retail unit plus 4 flats (3 tenanted)
  • Rented parking space
  • Close proximity to Earlsdon high street
  • Rent increase agreed 2019
  • Current income £21,020 p.a.

Mixed use investment opportunity within the heart of Earlsdon. Ground floor retail unit with 3 tenanted flats and 1 vacant flat, and rented parking space. Current rent payable £21,020 (due to increase 2019). Rear yard with potential for development subject to consents.

LOCATION
The property is located within close proximity to Earlsdon high street, with an abundance of shops, pubs and eateries. Situated on the corner of Arden Street and Radcliffe Road.

ACCOMMODATION
GROUND FLOOR
Retail unit: 12ft 5in x 15ft 6in
Workshop: 15ft 9in x 12ft 4in
Flat 1: Hallway, Lounge/Kitchen (14ft max x 12ft 9in), Bedroom: 9ft 6in x 7ft 9 and shower room

FIRST FLOOR
Flat 2: Lounge/Kitchen (12ft 10in x 11ft 11in), bedroom (10ft x 7ft 9in) and shower room.
Flat 3: not inspected
Flat 4: not inspected, with seperate W.C.

TENURE
Freehold subject to tenancies.

TENANCIES
Retail unit rent payable £8,000 p.a. A new lease has been agreed to commence from April 2019 with rent payable to become £9,000 p.a. with 3-yearly reviews.

All tenanted flats are on a rolling contract.
Flat 1: This flat is now sold vacant. Previous rent payable was £418 p.c.m.
Flat 2: Rent payable £390 p.c.m. commencing 26/01/17.
Flat 3: Rent payable £280 p.c.m. commencing 03/05/16.
Flat 4: Rent payable £390 p.c.m. commencing 02/07/17.

Parking space £75 per quarter.

EPC Ratings
Shop: C, Flat 1: C, Flat 2: D, Flat 3: D, Flat 4: D

ADDITIONAL COSTS
Administration Fee: £975 (£812.50 plus VAT)
Please see the legal pack for any further costs.

Prop description Prop description
Hi Mark, It had been a real struggle to get our sale through and I greatly admired your tenacity and good...
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