For Sale By Auction | 18:30, 20 March 2025 | Lot 11

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

*Guide | £65,000 - £85,000 (plus fees)

  • Flat
  • 1 Bedroom

Call the team on 024 7652 7789 for more information

Auction Date

Thu 20/03/2025

Auction Time

18:30

Auction Venue

Village Hotel, Dolomite Avenue, Coventry, CV4 9GZ

Tenanted 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: £1,440 (£1,200 plus VAT) Please see the legal pack for any further costs

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - these fees are included in the above sales particulars.

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