Lot 1 - 29 Conrad Road, Coventry, West Midlands, CV6 2JZ
- Unconditional Online Auction Sale
- Guide Price* : £120,000
- Three bedroom semi detached house plus Two x One Bedroom Flats
- Fully Let Producing £24,300 per annum
- Cash Buyers Only
ON BEHALF OF LPA RECEIVERS: Three bedroom semi detached house which has been extended to provide a two storey side extension arranged as two self contained flats. The property is fully Let producing a combined annual income of £24,300
Description
The property comprises a three bedroom semi detached house which is in need of improvement work and is currently occupied by a Tenant. A two storey side extension has been added to the property, arranged as two self contained one bedroom flats, both are which are occupied on separate tenancy agreements. The property is in need of work and is currently producing a combined annual rental income of £24,300. There is no access from the extension into the main building.
The property received planning permission from Coventry City Council for the erection of a two storey side and rear extension (Ref: FUL/2011/0471). The extension does not appear to have been completed in accordance with planning permission and interested parties will need to satisfy themselves in this regard. The boiler located in the main house services all three properties. The electricity is not separated, with the main house having a meter and the two flats being sub-metered.
Location
The property is located in Radford, a suburb located 1.5 miles north of Coventry City Centre. The property is situated on Conrad Road in a mainly residential area. There are a number of local amenities close by including a Co-op, restaurants and two primary schools.
Tenure
The property is held Freehold.
Accommodation
29 Conrad Road
Ground Floor: Lounge, Sitting Room, Conservatory and Kitchen
First Floor: Three Bedrooms and Bathroom/W.C
Flat One (Ground Floor): This property has not been inspected and is assumed to comprise the same layout as Flat Two.
Flat Two (First Floor): Open Plan Kitchen/Lounge, Bathroom and Bedroom
Outside
Driveway to the front and garden to the rear.
Tenancies
29 Conrad (House) - The property is Let on an Assured Shorthold Tenancy agreement from the 10th November 2023 for a term of 12 months at a rent of £600pcm.
Flat One - The property is Let on an Assured Shorthold Tenancy agreement from the 10 November 2023 at £725 pcm (all bills included).
Flat Two - The property is Let on an Assured Shorthold Tenancy agreement from the 10 November 2023 at £700 pcm (water, gas, Council Tax and electricity to be paid by the Landlord)
EPC
Energy Performance Asset Rating - D. Please note this is for the house and not the flats. The flats have not been assessed individually,
Council Tax Band
C
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,000 payable upon exchange of contracts.Additional Information
1. Interested parties are referred to the planning permission document included in the legal pack in relation to the extension.
2. The Flats have not been assessed for Council Tax.
3. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
4. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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