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For Sale By Auction | 18:30, 25 March 2020 | Lot 21

Pittern Court, 173 - 187 Albany Road, Earlsdon, Coventry, CV5 6NE

Sold £160,000

  • Land

Call the team on 024 7652 7789 for more information

Auction Date

Wed 25/03/2020

Auction Time

18:30

Auction Venue

Village Urban Resort Dolomite Avenue, Canley, Coventry, CV4 9GZ

**SOLD AT AUCTION £160,000** Unique mixed investment opportunity comprising the Freehold Interest of a block of 3 tenanted retail units plus 21 leasehold flats. The current rent payable for the 3 retail units is £13,000 p.a. plus total ground rent for the flats is £290 p.a.

EPC RATING:

173 - Sweeney Todd EPC Rating - C 175 - Statham Flowers EPC Rating - D 177 - Earlsdon Chiropractic EPC Rating - F

TENURE

Freehold interest, subject to tenancies of 3 retail units and the leaseholds of the flats.

RETAIL TENANCIES

173 - Sweeney Todd Lease: 3 years from 2015, holding over. Current rent: £4,500 p.a. 175 - Statham Flowers Lease: 12 years from 1992, holding over. Current rent: £4,000 p.a. 177 - Earlsdon Chiropractic Lease: 6 years from 2007, holding over. Current rent: £4,500 p.a. Total rent payable £13,000 p.a.

LEASEHOLD TENANCIES

All tenancies commenced in 1989 8 x 99 year lease. (68 years remaining) 13 x 162+ year lease. (minimum 131 years) See legal pack for full schedule.

ADDITIONAL COSTS

Administration Fee: £990 (£825 plus VAT) Please see the legal pack for any further costs.

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.