Tenanted, 2 bedroom first floor flat with garage, requiring some improvements. Accessed off Eld Road, Foleshill. Leasehold with 44 years remaining. Ideal investment opportunity with current yield circa 18% p.a
ACCOMMODATION
FIRST FLOOR Hallway: Lounge: 13 ft 3 in x 9 ft 11 in Kitchen: 9 ft 10 in x 6 ft 2 in Bedroom 1: 10 ft 3 in x 9 ft Bedroom 2: 10 ft 5 in x 6 ft 3 in Bathroom:
OUTSIDE
Front: Communal gardens. Rear: Garage in a block. Communal parking.
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.) Electric heating.
EPC RATING - C
COUNCIL TAX BAND - A
TENURE
Leasehold subject to tenancy Term: 99 years from 01/01/1970 Ground rent: £40 p.a. Service Charge: £1200 p.a
TENANCY
Assured Shorthold Tenancy Term: 6 months from 03/08/2023 (Now rolling) Rent payable: £600 p.c.m.
ADDITIONAL COSTS
Administration Fee: £1,440 (£1,200 plus VAT) Buyer's Premium: £600 (£500 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.