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321 Croft Road, Stockingford, Nuneaton, Warwickshire CV10 7DZ

£400,000 - £420,000
Auction Thursday 19th Sep 2024 6.30pm
Village Hotel
Dolomite Avenue, Canley, Coventry CV4 9GZ

Description

**IN THE ROOM AND LIVESTREAM**

To be sold via Public Auction on Thursday 19th September 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: £400,000 - £420,000

Tenanted investment opportunity. Consisting of 2 x studios, 4 x 1 bedroom flats and 1 x 2/3 bedroom flat. All benefit from separate meters and communal parking. Located in a popular residential area, approximately 2 miles to George Eliot Hospital. Current rent payable £39,300 p.a.

ACCOMMODATION
GROUND FLOOR
Flat 4
Lounge/Kitchen/Bedroom: 24 ft 9 in max x 10 ft 11 in
Bathroom:
Flat 7
Lounge/Kitchen/Bedroom: 19 ft 4 in x 8 ft
Shower room
Yard:
MAIN BUILDING
GROUND FLOOR
Flat 5
Lounge/Kitchen: 17 ft 10 in x 15 ft 7 in max
Bedroom: 11 ft 2 in x 9 ft 8 in max
Shower room:
Flat 6
Lounge/Kitchen: 27 ft 5 in max x 13 ft 9 in
Bedroom: 14 ft max x 10 ft 3 in
Shower room:
Yard:
FIRST FLOOR
Store room:
Flat 1
Lounge/Kitchen: 16 ft 3 in x 16 ft 2 in
Bedroom: 13 ft 2 in x 9 ft
Bathroom:
Flat 2
Lounge/Kitchen: 13 ft 11 ft x 10 11 in
Bedroom: 10 ft 10 in x 10 ft
Bathroom:
SECOND FLOOR
Hallway:
Flat 3
Lounge: 18 ft 3 x 15 ft 4
Dining area: 13 ft 2 in x 12 ft 10 in
Kitchen area: 12 ft 8 in x 12 ft 1 in
Bedroom 1: 12 ft 11 in x 11 ft 1 in
W.C.
Shower room:
Bedroom 2: 11 ft 6 in x 8 ft 10 in

OUTSIDE
Communal parking.
Flat 6 : Yard.
Flat 7: Yard.

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
Flats 1, 4, 5, 6, 7 - E
Flats 2, 3 - D

COUNCIL TAX BAND
All flats are band A

TENURE
Freehold subject to tenancies.

TENANCIES
Flat 1 - Assured Shorthold Tenancy
Term: 6 months from 06/10/2022 (now rolling)
Rent payable: £475 p.c.m.
Flat 2 - Assured Shorthold Tenancy
Term: 6 months from 24/04/2023 (now rolling)
Rent payable: £450 p.c.m.
Flat 3 - Assured Shorthold Tenancy
Term: 6 months from 12/10//2022 (now rolling)
Rent payable: £550 p.c.m.
Flat 4 - Assured Shorthold Tenancy
Term: 6 months from 6/06/2024
Rent payable: £400 p.c.m.
Flat 5 - Assured Shorthold Tenancy
Term: 6 months 30/05/2024
Rent payable: £500 p.c.m.
Flat 6 - Assured Shorthold Tenancy
Term: 6 months from 10/01/2024
Rent payable: £450 p.c.m.
Flat 7 - Assured Shorthold Tenancy
Term: 6 months 13/08/2024
Rent payable: £400 p.c.m

ADDITIONAL COSTS
Administration Fee: £1,650 (£1,375 plus VAT)
Buyer's 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 Freehold Communal parking Current rent payable £39,300 p.a.
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