Auctions

Home Auctions 15 Coundon Road, Coundon, Coventry, West Midlands CV1 4AR

Auction Thursday 6th Feb 2025 6.30pm

Village Hotel
Dolomite Avenue, Canley, Coventry CV4 9GZ

024 7652 7789

Legal Packs Finance Available Register To Bid

Description

6 Bedrooms
2 Bathrooms

**IN THE ROOM AND LIVESTREAM**

To be sold via Public Auction on Thursday 6th February 2025 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: £240,000 to £260,000

Part tenanted investment opportunity. 3 Storey mid terrace consisting of 5 x bedsits and 1 x studio flat, with communal kitchen and bathrooms. Requiring some redecoration. Current HMO licence until April 2026 (not transferable) rent payable £22,800 p.a. with potential to increase once fully let.

ACCOMMODATION
GROUND FLOOR
Room 1:
Lounge/Bedoom:14 ft 7 in x 8 ft 9 in
Kitchen: 10 ft 11 in x 9 ft 11 in
Separate shower room:
Communal kitchen: 12 ft 7 x 10 ft 10 in
Room 2: Not inspected.
FIRST FLOOR
Room 3:
Bedsit: 11 ft 8 in x 9 ft 11 in
Communal bathroom:
Room 4: 12 ft 6 in x 10 ft 10 in
Room 5: 15 ft 8 in x 15 ft 2 in max
SECOND FLOOR
Room 6:
Lounge/bedroom/Kitchen: 13 ft 9 in x 12 ft 7 in
Store:

OUTSIDE
Front: Garden.
Rear: Communal garden.
On Street parking.

SERVICES AND HEATING
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.)

Gas central heating.

EPC RATING - E

COUNCIL TAX BAND - D

TENURE
Freehold subject to tenancies.

TENANCIES
Assured Shorthold Tenancy
Room 1
Term: 12 months from 01/01/2024
rent payable: £350 p.c.m.
Room 2
Vacant
Room 3
Term: 12 months from 01/02/2024
Rent payable: £350 p.c.m.
Room 4
Term: 12 months from 15/04/2024
Rent payable: £450 p.c.m.
Room 5
Term: 12 months from 01/01/2024
Rent payable: £400 p.c.m.
Room 6
Term: 12 months from 19/05/2022
Rent payable: £350 p.c.m.

ADDITIONAL COSTS
Administration Fee: £1,400 (£1,200 plus VAT)
Buyer's Premium: £1,440 (£1,200 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.

Key Facts

IN ROOM AND LIVESTREAM AUCTION Requires redecoration Part tenanted investment HMO licence till April 2026 (Not transferable) Current rent payable £22,800 p.a. Freehold

;