Flat 2, 15 Albany Road, Earlsdon, Coventry, West Midlands CV5 6JQ

To be sold via unconditional TIMED ONLINE AUCTION on Tuesday 15th April 2025
(Visit auctionhouse.co.uk/online).

BIDDING OPENS: 13:00 on Monday 14th April 2025
AUCTION ENDS: 13:00 on Tuesday 15th April 2025

GUIDE PRICE: £45,000 to £65,000

Tenanted investment opportunity. 1 bedroom first floor flat requiring redecoration. Located in a popular residential area. Leasehold with 49 years remaining and current rent payable £8,100 p.a. circa 10% Yield.

ACCOMMODATION
FIRST FLOOR
Hallway:
Lounge: 15 ft 10 in x 12 ft 9 in
Kitchen: 13 ft 1 in x 6 ft 2 in
Bedroom: 14 ft 5 in x 9 ft 2 in
Bathroom:

OUTSIDE
Front: Paved area.

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 - C


COUNCIL TAX BAND - A


TENURE
Leasehold subject to tenancy.
Term: 99 years from 1/3/1975
Ground rent: To be confirmed
Service Charge: To be confirmed

TENANCY
Assured Shorthold Tenancy
Term: 12 months from 04/03/2023 to 03/02/2024, now rolling.
Rent Payable: £675 p.c.m.

ADDITIONAL COSTS
Administration Fee: £1,200 (£1,000 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.