Auctions

Home Auctions 17 Carmelite Road, Stoke, Coventry, West Midlands CV1 2BX

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

4 Bedrooms
4 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

Tenanted investment opportunity. End terrace, 3 storey, property with 4 lettable rooms (3 currently let) all with their own bathrooms plus communal lounge and kitchen. Current rent payable £35,292 p.a. with potential to increase once fully let. HMO Licence until July 2026 (Not transferable)

ACCOMMODATION
GROUND FLOOR
Hallway:
Room 1: 11 ft 1 in x 8 ft 1 in
Lounge: 12 ft 4 in x 11 ft 8 in
Kitchen: 15 ft 8 in x 6 ft
Shower room:
FIRST FLOOR
Room 2 with ensuite: 11 ft 7 in max x 10 ft 11 in
Room 3 with ensuite: 11 ft 9 in max x 9 ft 11 in
SECOND FLOOR
Room 4 with ensuite: 15 ft 4 in max x 11 ft 8 in max

OUTSIDE
Front: Garden.
Rear: 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 - D

COUNCIL TAX BAND - A

TENURE
Freehold subject to tenancies.

TENANCIES
Room 1 - Vacant.
Room 2
Term: 3 months from 13/08/2024 (now rolling)
Rent payable: £650 p.c.m.
Room 3
Term: 40 days from 22/07/2023 (now rolling)
Rent payable: £966 p.c.m.
Room 4
Term: 6 months from 16/11/2024
Rent payable: £700 p.c.m.

ADDITIONAL COSTS
Administration Fee: £1,440 (£1,200 plus VAT)
Buyers Premium: £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.

Key Facts

IN ROOM AND LIVESTREAM AUCTION Current rent payable £35,292 p.a. Tenanted investment opportunity. Freehold 4 lettable rooms Current HMO Licence (not transferable)

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