House For Sale Allesley Old Road, Coventry, CV5

**IN THE ROOM AND LIVESTREAM**\r
\r
To be sold via Public Auction on Thursday 16th May 2024 at 6:30pm Village Hotel, Canley, Coventry CV4 9GZ\r
\r
Just turn up and no need to pre-register. You can also register for telephone, proxy, internet bidding online.\r
\r
passport.eigroup.co.uk/bidder-registration/loveitts\r
\r
GUIDE PRICE: £230,000 to £250,000

Investment opportunity - Terraced property comprising of 5 tenanted flats, with rent payable £35,700 p.a. Requiring some improvements, includes a cellar and rear yard. Accommodation extends over 3 floors. Popular location, approximately 1 mile from the City centre.\r
\r
NOTE - Please see Legal Pack for Notice served by Coventry City Council relating to HMO Licensing.

ACCOMMODATION CELLAR\r
GROUND FLOOR\r
Flat 1\r
No Access\r
Flat 5\r
Lounge/bedroom/Kitchen: 13 ft 2 in max x 29 ft max\r
Shower room:\r
FIRST FLOOR\r
Flat 2\r
Lounge/Bedroom: 15 ft 3 in max x 18 ft 5 in max\r
Kitchen: 4 ft 8 in max x 7 ft 7 in max\r
Shower room:\r
Flat 3\r
Lounge/Bedroom: 11 ft 11 in max x 13 ft 2 in \r
Kitchen/diner: 15 ft 5 in max x 7 ft 5 in \r
Shower room\r
SECOND FLOOR\r
Flat 4\r
Lounge/Bedroom: 8 ft 8 in x 16 ft 10 in \r
Kitchen: 8 ft 2 in max x 6 ft 2 in max\r
Bathroom:
OUTSIDE Outside W.C.\r
Parking in street.
SERVICES Mains gas, electricity, water and sewage are supplied to the property, with solar panels on the roof. (No tests have been carried out and we are therefore unable to confirm connections.)
EPC RATING Flat 1 - C\r
Flat 2 - A\r
Flat 3 - D\r
Flat 4 - D\r
Flat 5 - D
COUNCIL TAX BAND All flats are band A
TENURE Freehold subject to tenancies.
TENNANCIES Flat 1 - Assured Shorthold Tenancy\r
Term: 12 months from 08/09/2023\r
Rent payable: £525 p.c.m.\r
Flat 2 - Assured Shorthold Tenancy\r
Term: 12 months from 31/01/2024\r
Rent payable: £575 p.c.m.\r
Flat 3 - Assured Shorthold Tenancy\r
Term: 12 months from 07/12/2023\r
Rent payable: £700 p.c.m.\r
Flat 4 - Assured Shorthold Tenancy\r
Term: 12 months from 25/03/2022 (now rolling)\r
Rent payable: £525 p.c.m.\r
Flat 5 - Assured Shorthold Tenancy\r
Term: 12 months from 21/02/2024\r
Rent payable: £650 p.c.m.
ADDITIONAL COSTS Administration Fee: £1,650 (£1,375 plus VAT)\r
Please see the legal pack for any further costs.

Tenure: See Legal Pack

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.