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1 Mansel Street, Coventry, CV6 5LP

not specified / Other / Residential

For Sale - £395,000.00

Under Offer - Last updated: 24 April 2021

Description

The available residential investment, is a property that has been split into 7 self-contained flats. Each flat has been recently created and refurbised, with its own en-suite bathroom with shower, kitchen units including inset sink, cooker, microwave, fridge and freezer combo and a washing machine. Each flat has seperated locking system, with flat 7 having its own seperated access at ground floor level. The external areas have been landscaped, with fencing around the property, paving and grassed areas to the front and rear. Each flat has their own post box to the front of the builidng. The property is currently fully rented with Gross Income at £39,180, all occupents currently on ASTs with the majority running until September 2021.

Situation and Location

The property is situated on the corner of Mansel Street and Queen Mary's Road in the Foleshill area of Coventry City. The nearby Foleshill Road connects directly with the A444 to the north, which links with Coventry City Centre and the M6 motorway. There is a Lidl supermarket approximately 500m away and the Foleshill Road shopping area provides a range of different retail offerings. The Ricoh Arena is also in close proximity, as well as the Arena Shoping Park.

EPC Description

Each studio has their own EPC, with a Rating of either C or D, running until 2030

Viewing

Strictly by appointment with the agent Bromwich Hardy.

Legal Costs

Each party is to bear their own legal and surveyors costs incurred in this transaction.

Gross Rent of £39,180 pa currently, 9.92% Yield

Fully let and income producing

Low operating costs, total 22% of rent

Dense residential area

Landscaped external features

Fully refurbished

7 seperated flats for council tax purposes

Walking distance to Lidl and Foleshill Road retail area

100m to main bus stop

Close to Ricoh Arena and Coventry City Centre
( Agency Pilot Software Ref: 1973 )

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £395,000.00 NA

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Contact agents

James Brookes

Bromwich Hardy

024 7695 0470



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