£425,000

   

ROI = 2% BMV = -23.57%
Description

SUMMARY **IDEAL INVESTMENT OPPORTUNITY** Oak Lodge Residential Home is a small residental home situated in Coventry, with capacity to house fifteen residents. DESCRIPTION ** Ideal Investment Opportunity** Oak Lodge Residential Home is a small residental home situated in Coventry, with capacity to house fifteen residents. With 15 rooms and plenty of communal space this property is being sold as a going concern or can be vacant upon completion. Auctioneer's Comments  This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change. Approach  Double glazed front door. Ground Floor:  Hall  Stairs to first floor, radiator. Reception Room 15' 8" x 13' 10" ( 4.78m x 4.22m ) Double glazed window, radiator and laminate flooring. Lounge 17' 6" x 29' 8" ( 5.33m x 9.04m ) Double glazed window, radiator and laminate flooring. W/C  Comprising, toilet, wash hand basin, radiator.. Orangery Room 18' 8" x 12' 4" ( 5.69m x 3.76m ) Double glazed windows and double glazed French doors opening onto rear garden. Room 3 12' 2" x 9' 11" ( 3.71m x 3.02m ) Double glazed window, radiator, wash hand basin. Room 12 10' 7" x 10' 5" ( 3.23m x 3.17m ) Double glazed window, radiator and wash hand basin. Room 13 10' 6" x 5' 6" ( 3.20m x 1.68m ) Double glazed window, radiator and wash hand basin. Dining Room 13' 3" x 10' 11" ( 4.04m x 3.33m ) Double glazed window, radiator and laminate flooring. Room 15 11' x 11' max ( 3.35m x 3.35m max ) Double glazed window, radiator and wash hand basin. Room 14 10' 6" x 9' 1" ( 3.20m x 2.77m ) Double glazed window, radiator and wash hand basin. W/C  Comprising toilet and wash hand basin. Laundry Room 7' 2" x 4' 11" ( 2.18m x 1.50m ) Comprising of a Belfast sink, plumbing for washing machine and radiator. Drying Room  Utility Room 7' 7" x 7' 3" ( 2.31m x 2.21m ) Door to side elevation. Kitchen 22' 5" x 7' 7" ( 6.83m x 2.31m ) Wall and base mounted units incorporating an inset one and a half bowl stainless steel drainer sink unit with work surfaces. Integrated electric double oven and gas hob with cookerhood over, space for domestic appliance, double glazed window. First Floor:  Room 2 13' 11" x 13' 3" ( 4.24m x 4.04m ) Double glazed window, radiator, wash hand basin and shower.. Room 10 13' 10" x 11' 11" ( 4.22m x 3.63m ) Double glazed window, radiator. Room 5 12' 1" x 10' ( 3.68m x 3.05m ) Double glazed window, radiator, wash hand basin and shower. Room 4 12' 1" x 9' 11" ( 3.68m x 3.02m ) Double glazed window, radiator, wash hand basin and shower cubicle. Room 11 15' 1" x 10' 1" ( 4.60m x 3.07m ) Two double glazed windows, radiator, wash hand basin and shower. Room 6 12' 6" x 9' 10" ( 3.81m x 3.00m ) Double glazed window, radiator. W/C  Toilet, wash hand basin. Room 7 15' 6" x 7' 3" ( 4.72m x 2.21m ) Two double glazed windows, radiator, shower and wash hand basin. Room 9 10' 11" 9 x 1' ( 3.33m 9 x 0.30m ) Two double glazed windows, radiator, shower and wash hand basin set into vanity unit. Room 8 14' 2" max x 11' ( 4.32m max x 3.35m ) Two double glazed windows, radiator, wash hand basin and shower. Room 1 12' 1" x 10' 11" ( 3.68m x 3.33m ) Double glazed window, radiator, w/c and shower. Wet Room  Comprising shower, wash hand basin, toilet. Staff Room 9' 5" x 3' 7" ( 2.87m x 1.09m ) Double glazed window. Outside  Rear Garden  Paved with outside steps to the first floor. 1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4: Potential buyers are advised to recheck the measurements before committing to any expense. 5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. 6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

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Property Details
  • Property ID: 158815340
  • Added On: 2025-03-01
  • Deal Type: For Sale
  • Property Price: £425,000
  • Bedrooms: 1
  • Bathrooms: 1.00
Amenities
  • Sale by Modern Auction (T&Cs apply)
  • Subject to an undisclosed Reserve Price
  • Buyers fees apply
  • 15 Bedroom Care Home
  • Outbuilding
  • Close To Local Amenities
  • No Upward Chain
  • Ideal Investment Opportunity