For Sale By Auction | 18:30, 06 February 2025

148 Drapers Fields, Canal Basin, Coventry, West Midlands CV1 4RE

*Guide | £85,000 - £95,000 (plus fees)

  • Apartment
  • 2 Bedrooms

Call the team on 024 7652 7789 for more information

Auction Date

Thu 06/02/2025

Auction Time

18:30

Auction Venue

Village Hotel, Dolomite Avenue, Coventry, CV4 9GZ

Tenanted investment opportunity, well presented 2 bedroom ground floor apartment with double glazing and electric heating, having allocated parking space. Located on the Canal Basin, on the outskirts of the City Centre. Leasehold with 161 years remaining. Current rent payable £8,400 p.a.

ACCOMMODATION

GROUND FLOOR Hallway: Lounge: 16 ft 9 in max x 11 ft 7 in max Kitchen: 10 ft 2 in x 7 ft 2 in Bedroom 1: 10 ft 2 in x 9 ft 2 in Bedroom 2: 13 ft 3 in max, 8 ft 3 in min x 9 ft 2 in max Shower room:

OUTSIDE

Communal area and allocated parking.

SERVICES AND HEATING

Mains electricity, water and sewage are supplied to the property. (No tests have been carried out and we are therefore unable to confirm connections.) Electric heating.

EPC RATING - C

COUNCIL TAX BANDING - B

TENURE

Leasehold subject to tenancy. Term: 189 years from 25 December 1997 Ground rent: £1 p.a. Service charge: £1,140 p.a.

TENANCY

Assured Shorthold Tenancy Term: 6 months from 09/02/2018 (Now rolling) Rent payable: £700 p.c.m

ADDITIONAL COSTS

Administration Fee: £1,440 (£1,200 plus VAT) Buyers premium: £2,400 (£2,000 plus VAT) Please see the legal pack for any further costs.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - these fees are included in the above sales particulars.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.