60 - 62 Radford Road, Radford, Coventry CV1

Back

£600,000

**** investment opportunity****
auction - To be sold via Public Auction on Wednesday 21st November 2018 at 6:30 pm (Village Urban Resort Hotel).
Guide price: £600,000 to £700,000

Unique investment opportunity, part tenanted. Detached property comprising 6 apartments each containing 4 ensuite rooms, and communal living/kitchen area. Fully let potential rent payable, based on current occupation, is £144,000 p.A.

Currently there are 3 rooms let in Apartment 4, the remainder of the building is vacant.


Location


The property is located at the City Centre end of the Radford Road opposite Barrs Hill School.

Accommodation

Ground Floor

Hallway
Flat 1: Room 1, Room 2, Room 3, Room 4, Kitchen.
Flat 2: Room 1, Room 2, Room 3, Room 4, Kitchen.

First Floor

Flat 3: Room 1, Room 2, Room 3, Room 4, Kitchen.
Flat 4: Room 1, Room 2, Room 3, Room 4, Kitchen.

Second Floor

Flat 5: Room 1, Room 2, Room 3, Room 4, Kitchen.
Flat 6: Room 1, Room 2, Room 3, Room 4, Kitchen.

Outside

Paved area to the front and parking area to the rear.

Tenure

Freehold subject to tenancies.

Tenancies

Apartment 4:
Room 1 - £500 p.C.M. (24/9/18 - 30/6/19)
Room 2 - £500 p.C.M. (24/9/18 - 30/6/19)
Room 3 - £500 p.C.M. (1/7/18 - 31/8/19)

EPC Rating

Flat 1: C Flat 2: C Flat 3: B
Flat 4: B Flat 5: C Flat 6: B

Additional Costs

Administration Fee £975 (£812.50 plus VAT)
Please see the legal pack for any further costs.

Call us

024 7652 7789

Enquiry Form