12.6% gross yield for sale

5 Marlborough Road, Coventry, West Midlands, CV2 4EN

  • FOR SALE BY AUCTION. UNLESS SOLD PRIOR, SUBJECT TO All AUCTION CONDITIONS, AS PER THE LEGAL PACK.
  • Auction Finance Available By Request.
  • Auction legal pack available by request.
  • Ideal for owner occupiers and investors.
  • Viewings: By appointment only.
  • Vacant Possession
  • Excellent Location
  • Fully licensed HMO
  • Previously fully let at £2,000 per month/ £24,000 a year, 12.6% gross yield.

DESCRIPTION:

Freehold middle terrace house. Full HMO license. (previously fully let, £24,000 per annum) Ideal investment property. Excellent location. Vacant possession.

ACCOMMODATION:

Ground floor: Entrance hall, WC, kitchen, reception, en suite bedroom, garden.

First floor: Two en suite rooms

Top floor: Two en suite rooms.

LOCATION:

Coventry is a cathedral city and metropolitan borough in the West Midlands county, in England, on the River Sherbourne. Coventry had been a large settlement for centuries. Founded in the early Middle Ages, its city status was formally recognised in a charter of 1345.[8] The city is governed by Coventry City Council. It is the second largest city in the West Midlands region, after Birmingham, from which it is separated by an area of green belt known as the Meriden Gap; it is the third largest in the wider Midlands after Birmingham and Leicester. Coventry is 19 miles (31 km) east-south-east of Birmingham, 24 miles (39 km) south-west of Leicester, 10 miles (16 km) north of Warwick and 94 miles (151 km) north-west of London.

VIEWING:

By appointment only.

TENURE:

Freehold.

AUCTION DATE:

Connect Realtime® Bidding commences at 12pm with closing bids at 1pm, Wednesday 17th July 2024.

The Lot is for sale via Traditional Auction. This is a timed auction, which requires both parties to complete the transaction within the completion date as per the auction legal pack. The buyer, is required to register, with Connect UK Auctions, in order to participate and will be required to go through, identification verification process. The auction Legal Pack, is available by request. You are required to complete your own due diligence prior to bidding. The Lot is subject to an undisclosed Reserve Price. The Reserve Price and Starting Bid being subject to change.

UNCONDITIONAL LOT:

Auction Fees apply, upon the fall of the gavel, as per the auction legal pack. The highest bidder, will also pay a deposit of 5% (minimum £5,000) of the hammer price and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 or 42 days following the day of auction (unless otherwise stated in the legal pack).

*Connect UK Auctions does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. All displayed property boundaries use data provided by Land Registry and is assumed to be correct and updated regularly. However for the avoidance of doubt all displayed property boundaries are indicative and for marketing purposes only.

Reference: CCM-77199303

Additional Details

  • Receptions: 2 Receptions
  • Toilets: 1 Toilet
  • Kitchens: 1 Kitchen
  • Tenure: Freehold
  • Auction

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To make an enquiry for this property, please call us on 0800 448 0100, or complete the form below. If a legal pack is available for this lot, it will be automatically emailed to you.

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