This property is no longer on the market
Mixed use
Property description & features
- PUBLIC AUCTION in the room and livestream
- Circa 9% yield
- Unique opportunity
- 4 x tenanted retail
- 5 x residential leasehold
- Mixed residential and commercial investment
*IN THE ROOM AND LIVESTREAM*
To be sold via Public Auction on Thursday 16th November 2023 at 6:30pm Village Hotel, Canley, Coventry CV4 9GZ
Just turn up and no need to pre-register. You can also register for telephone, proxy, internet bidding online.
passport.eigroup.co.uk/bidder-registration/loveitts
GUIDE PRICE: £250,000 plus
*This property is currently available – Please contact the Auctioneers to register your interest*
Unique opportunity, mixed commercial and residential investment opportunity. Comprising of a parade of retail units and residential flats. Current rent payable £22,900 p.a. Yield circa 9%.
ACCOMMODATION 4 retail units (all Let), plus 5 residential flats (all Leasehold with 58 years remaining). The site also includes 4 garages and parking to the rear.
EPC RATINGS Commercial
1a - C
7 - C
9 - B
11 - C
TENURE Freehold subject to Leases.
LEASE INFORMATION Please see table.
Please see Legal Pack for details of rent arrears.
ADDITONAL COSTS Administration Fee: £1,200 (£1,000 plus VAT)
Buyer's Premium: £1,200 (£1,000 plus VAT)
Please see the legal pack for any further costs.
Tenure: See Legal Pack
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Places of interest
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*DISCLAIMER
Property reference 202309271201sq_zinh. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Loveitts - Auctions.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on April 19, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on April 19, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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