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45 Coventry Street, Coventry, CV2 4NA
not specified / Other / Residential
Withdrawn - Last updated: 23 May 2022
Description
The available residential investment is a two storey residential building on a corner plot, converted into five seperated studio flats of varying sizes. Each flat has been seperated for council tax purposes and the investment is currently fully let on ASTs. The two larger flats have sperated living and bedroom areas and an en-suite bathroom. The three smaller units are more in a studio style, with seperate en-suite bathroom facilities. Each flat has a kitchinette with in built sink, cooker, microwave, fridge and freezer and a washing machine. The proeprty has recently been fully refurbished inside and out, withe external areas being landscaped. The site measures 0.07 acres with the currnt buildings occupying 30% plot density, which gives further devlopment potential subject to planning. Current rent of £XXX per annum, Gross Yield 8.62%.
Situation and Location
Situated on the corner of Milton Street and Coventry Street, the property is located in a very densly populated residential area known as Uper Stoke in the city of Coventry. The property is close to the A444, which leads to the city centre within 2.5km. To the north the A444 connects with Junction 2 of the M6 Motorway and south of Coventry there is connection to the M1, M40 and M42 motorways. the city centre trainstation is about 10 minutes drive and provides main line access to London and Birmingham in under an hour.
EPC Description
All 5 flats have in date EPCs, with ratings of either D or E
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.
Recently refurbished into 5 flats with seperate entrances
Gross Rent of £XXX per annum
Fully let at market level rents
Low plot density, so opportunity to develop STP
Seperated for Council Tax purposes
Total costs currently of £XXX per annum
Landscaped external areas
Kitchinette facilities in each flat
En-suite facilities in each flat
( Agency Pilot Software Ref: 1974 )
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