HMO for sale in Coventry

This property is marketed by:
Connect UK Auctions

KEY FEATURES

• FOR SALE BY AUCTION. 15th May 2024. 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. 26th April 2024 
•  Vacant Possession 
•  Excellent Location 
•  Fully licensed HMO 
•  Previously fully let at £2,000 per month/ £24,000 a year, 11% 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, garden.

First floor: Three 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 26th April 2024

TENURE:

Freehold.

AUCTION DATE:

Connect Realtime® Bidding commences at 12pm with closing bids at 1pm, Wednesday 15th May 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).