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Flat 41, Abbey Court, Priory Place, Coventry, West Midlands CV1 5SA

Guide Price: £100,000 - £120,000
Auction Tuesday 15th Aug 2023 1.00pm
https:/www.auctionhouse.co.uk/loveitts
Auction starts at 1:00 pm Monday 14th August 2023

Description

  • filter bedroom 2 Bedrooms
  • filter bathroom 2 Bathrooms

** SOLD POST AUCTION **

To be sold via unconditional ONLINE Auction on Tuesday 15th August 2023
(Visit auctionhouse.co.uk/online).

BIDDING OPENS: 13:00 on Monday 14th August 2023
AUCTION ENDS: 13:00 on Tuesday 15th August 2023

GUIDE PRICE: £100,000 to £120,000

** SOLD POST AUCTION **

Tenanted investment opportunity, 2 bedroom, 4th floor apartment, plus balcony and parking. The property benefits from 2 bathrooms, double glazing, electric heating and communal lift. Allocated parking space within a secure car park. Ideal investment opportunity within the heart of the City Centre. Current rent payable £12,000 p.a. circa 9% yield. Leasehold with approximately 130 years remaining.

ACCOMMODATION
FOURTH FLOOR
Hallway:
Open plan lounge/ dining area: 19 ft 4 in x 9 ft
Kitchen area: 8 ft 11 in x 6 ft 8 in
Bedroom 1 + en suite: 14 ft 2 in max x 9 ft 2 in max
Bedroom 2: 9 ft 11 in x 9 ft 2 in
Bathroom:

OUTSIDE
Balcony

EPC RATING - C


COUNCIL TAX BAND - C


TENURE
Leasehold subject to tenancy.
Term: 150 years commencing 22/10/2003
Ground rent: £90 6 monthly
Ground rent period: 01/01/23 - 30/06/23
Service charge: £1,543 per 6 months
Service charge period: 01/01/23 - 30/06/23

TENANCY
Assured Shorthold Tenancy
Term: 12 months commencing 01/09/2022
Rent payable: £1,000 p.c.m

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

NATIONAL ONLINE AUCTION - ** SOLD POST AUCTION ** Secured parking Tenanted investment opportunity City Centre Location 2 bedrooms, 2 bathrooms Long leasehold
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