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Freehold interest, 1-15 Norton Hill Drive, Wyken, Coventry, West Midlands CV2 3AS

Guide Price: £250,000 plus
Auction Thursday 16th Nov 2023 6.30pm
Village Hotel
Dolomite Avenue, Canley, Coventry CV4 9GZ

Description


**IN THE ROOM AND LIVESTREAM**

To be sold via Public Auction on Thursday 16th November 2023 at 6:30pm Village Hotel, Canley, Coventry CV4 9GZ

Just turn up and no need to pre-register. You can also register for telephone, proxy, internet bidding online.

passport.eigroup.co.uk/bidder-registration/loveitts

GUIDE PRICE: £250,000 plus

**This property is currently available – Please contact the Auctioneers to register your interest**

Unique opportunity, mixed commercial and residential investment opportunity. Comprising of a parade of retail units and residential flats. Current rent payable £22,900 p.a. Yield circa 9%.

ACCOMMODATION
4 retail units (all Let), plus 5 residential flats (all Leasehold with 58 years remaining). The site also includes 4 garages and parking to the rear.

EPC RATINGS
Commercial
1a - C
7 - C
9 - B
11 - C

TENURE
Freehold subject to Leases.

LEASE INFORMATION
Please see table.

Please see Legal Pack for details of rent arrears.

ADDITONAL 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

PUBLIC AUCTION - in the room and livestream Circa 9% yield Unique opportunity 4 x tenanted retail 5 x residential leasehold Mixed residential and commercial investment
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