Property Details

1 bedroom flat for sale For Sale

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

£65,000

ROI = 0% BMV = 0%

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Description

*IN THE ROOM AND LIVESTREAM** To be sold via Public Auction on Thursday 20th March 2025 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: £65,000 to £85,000Tenanted 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 - to be confirmed 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: £1,400 (£1,00 plus VAT) Please see the legal pack for any further costsTenure: See Legal PackDisbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

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