Property description
* This property has bee POSTPONED from the May Auction and will be offered in the July Auction*
*IN THE ROOM AND LIVESTREAM*
To be sold via Public Auction on Thursday 16th May 2024 at 6:30pm Village Hotel, Canley, Coventry CV4 9GZ
Just turn up with 2 forms of ID (no need to pre-register) or register via our website for online, proxy or telephone bidding.
passport.eigroup.co.uk/bidder-registration/loveitts
GUIDE PRICE: £70,000 to £90,000* This property has bee POSTPONED from the May Auction and will be offered in the July Auction*
Tenanted investment opportunity. 2 bedroom, first floor flat with electric heating and double glazing. Leasehold with approximately 90 years remaining. Current rent payable £7,200 p.a.
Section 42 - Extension to the length of the Lease
The Seller will at the expense of the Buyer serve a section 42 notice on the freeholder between exchange of contracts and completion should the Buyer request.ACCOMMODATION FIRST FLOOR
Kitchen: 11 ft 8 in max x 6 ft 8 in max
Lounge: 15 ft 2 in x 11 ft 8 in
Bedroom 1: 9 ft 10 in x 15 ft 7 in
Bedroom 2:8 ft 8 in x 11 ft 9 in
Bathroom:
OUTSIDE Communal gardens.
Parking: Communal parking.
SERVICES Mains electricity, water and sewage are supplied to the property. (No tests have been carried out and we are therefore unable to confirm connections.)
EPC RATING - C
COUNCIL TAX BAND - A
TENURE Leasehold subject to tenancy.
Term: 99 years commencing 25/01/1964
Ground rent: £15 p.a.
Ground rent review date: to be confirmed.
Service Charge: £110 p.c.m.
Service charge period: to be confirmed.
TENANCY Assured Shorthold Tenancy.
Term: 12 months from 25/03/2024
Rent payable: £600 p.c.m.
ADDITIONAL COSTS Administration Fee: £1,200 (£1,200 plus VAT)
Please see the legal pack for any further costs.Tenure: 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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