COVID-19 Update

Flat 1, 38 Coundon Road, Coundon, Coventry, CV1 4AW

Guide Price
£56,000 - £66,000

Description

  • Flat
  • 1 Bedrooms
  • 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

Tenanted investment, 1 bedroom flat ground floor flat with electric heating and double glazing. Located within 1/4 mile of City Centre. Current rent payable £5,400 p.a. approximately 10% yield.



ACCOMMODATION

Communal secured entrance hallway.
GROUND FLOOR
Lounge area: 13 ft 8 in max x 12 ft 4 in
Kitchen area: 9 ft 1 in x 4 ft 11 in
Bedroom: 12 ft 7 in max x 10 ft 7 in max
Bathroom:



EPC RATING - E


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 13th November 2020 (now rolling)
Rent payable: £450 p.c.m.



ADDITIONAL COSTS

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



Key Facts

Local Livestream Auction Tenanted Investment Ground floor, 1 bedroom flat Close to City Centre
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