113 Gravel Hill, Tile Hill, Coventry, West Midlands CV4 9JR

**IN THE ROOM AND LIVESTREAM**

To be sold via Public Auction on Thursday 21st November 2024 at 6:30pm Village Hotel, Canley, Coventry CV4 9GZ

Just turn up with 2 forms of ID (no need to pre-register) or register for online, proxy or telephone bidding.

GUIDE PRICE: £70,000 to £80,000

Investment opportunity. Tenanted 1 bedroom flat, first floor. Leasehold with approximately 90 years remaining. Benefiting from current rent payable £7,500 p.a. Ideal investment.

ACCOMMODATION
FIRST FLOOR
Entrance hall:
Lounge: 15 ft 9 in x 9 ft
Kitchen: 9 ft x 5 ft 10 in
Bedroom: 12 ft 9 in x 10 ft 9 in
Bathroom:

OUTSIDE
On street parking.
Communal grassed area.

SERVICES
Mains gas, electricity, water and sewage are supplied to the property. (No tests have been carried out and we are therefore unable to confirm connections.)

EPC RATING - C


COUNCIL TAX BAND - A


TENANCY
Assured Shorthold Tenancy.
Term: 6 months from 18/05/2023 (now rolling)
Rent payable: £625 p.c.m.

TENURE
Leasehold subject to tenancy.
Term: 125 years commencing 15/05/1989
Ground rent: £10 p.a.
Ground rent review date: to be confirmed.
Service charge: £52 p.c.m.
Service charge period: to be confirmed.

ADDITIONAL COSTS
Administration Fee: £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.