Lot 23 - Flat 3 Radford House, Brownshill Green Road, Coventry, West Midlands, CV6 2AN
- Unconditional Online Auction Sale
- Guide Price* : £45,000
- One Bedroom Ground Floor Flat
- Let at £6,000 per annum
- Convenient location
ON BEHALF OF LPA RECEIVERS: One bedroom ground floor flat Let at £500pcm.
Description
A residential investment comprising a one bedroom ground floor flat within a purpose built development benefiting from double glazing and central heating (not tested). The property is Let producing an annual equivalent rent of £6,000.
Location
The property is located in Radford, a suburb located 1.5 miles north of Coventry City Centre. The property is situated on Brownshill Green 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 Leasehold for a term of 125 years from 13th May 2002. The ground rent is £10 per annum and it is understood the maintenance charge is £288 per annum.
Accommodation
Kitchen, Living Room, Bathroom and Bedroom
Outside
There is an area of parking available to the side of the block which is accessed from Holloway Field. It is noted that there is no mention of a parking space demised on the Title and Interested Parties will need to satisfy themselves in this regard.
Tenancies
The property is Let at a recently increased rent of £461.53 four weekly (£500 pcm). The Receivers have not had sight of a Tenancy Agreement and it is understood that the tenant has been in occupation for around 19 years.
EPC
Energy Performance Asset Rating - D
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,400 (inc VAT) payable upon exchange of contracts.Additional Information
1. 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.
2. 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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