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Apartment
An investment opportunity to acquire a two bedroom ground floor apartment close to the city centre of Coventry.
The property has recently been rented out on an AST and is generating an impressive income of £10k per year (£850 pcm) for 12 months from the 1st May 2025, offering a great return on investment and yield.
A modern two bedroom ground floor apartment located in a popular location close to the City Centre. The property has recently been redecorated and has had new carpets throughout. Entrance hallway leading to family bathroom, two bedrooms with the master having built in wardrobes. Open plan lounge and dining area. Fitted kitchen with a built in oven and hob. Allocated parking space.
Ideal as an investment as always popular with tenants due to its central location and wide range of local amenities, shops, eateries and transport links.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Construction Material: Standard Brick. Broadband Coverage: Standard, Ultrafast and Superfast. Mobile signal: O2, Vodafone, EE and Three. Satellite and Cable: BT and Sky.
These sales details are awaiting vendor approval.
Leasehold. Subject to tenancy.
- Heating Supply: Gas
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Allocated
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
