COVID-19 – Important Auction Information
For Sale By Auction | 18:30, 16 July 2020 | Lot 16

123 Allesley Old Road, Coventry, CV5 8FJ

*Guide | £145,000 - £165,000 (plus fees)

  • Mixed Use
  • 2 Bedrooms

Call the team on 024 7652 7789 for more information

Auction Date

Thu 16/07/2020

Auction Time

18:30

Auction Venue

Livestream ONLINE,

This will be a live stream auction. Bidding will be available by either telephone, proxy or online bidding. If you wish to bid, please download the bidding form and return it by email or post with copies of your ID and proof of address. Mixed use investment, consisting of a ground floor studio flat, first floor 2 bedroom flat and commercial unit to the rear. Current rent payable £13,520 p.a. Ideal investment opportunity.

ACCOMMODATION

GROUND FLOOR STUDIO FLAT Lounge/ Bedroom: 16 ft 6 in max x 13 ft 10 max Kitchen: 11 ft 10 in x 11 ft 10 in max Bathroom: Yard to the rear. FIRST FLOOR FLAT Hallway: Lounge: 14 ft 6 in max 13 ft 11 in Kitchen: 8 ft 1 in x 7 ft 6 in max Bedroom 1: 14 ft 1 in max x 13 ft 8 in max Bedroom 2: 12 ft 10 in x 7 ft 11 in Bathroom: COMMERCIAL UNIT Front area plus W.C. 16 ft 4 in max x 16 ft 9 in max Rear area plus W.C. and kitchen area 58 ft 11 in max x 28 ft x 5 in max Approximately 1388 sq ft (As per Valuation Office Agency website)

EPC RATING -

Ground Floor Flat: D First Floor Flat: D Commercial Unit: F

TENURE

Freehold subject to tenancies.

TENANCIES

GROUND FLOOR FLAT Term: 1st December 2008 to and including 30th November 2009, now rolling. Rent payable: £280 p.c.m. FIRST FLOOR FLAT Term: 20th July 2012 to and including 19th July 2013, now rolling. Rent payable: £430 p.c.m COMMERCIAL UNIT Term: 11th February 2017 to 10 February 2020 Rent payable: £5,000 p.a. (We are advised by the tenants that they will be vacating by the end of September 2020)

ADDITIONAL COSTS

Administration Fee: £1,200 (£1,000 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.