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Tenanted investment opportunity. Well-presented end terrace property with 5 let rooms, communal kitchen/dining area, conservatory, 2 shower rooms plus garage/workshop. Located in a sought-after area in Earlsdon. Current rent payable £29,208 p.a. (gross) circa 12% yield. HMO Licence until 23rd April 2024 with new application pending. (Not transferable) Ideal investment opportunity.
ACCOMMODATION
GROUND FLOOR Room 1: 14 ft 2 in x 10 ft 9 in Room 2: 14 ft 4 in x 7 f 9 in Shower room: Kitchen/Dining area: 20 ft 8 in max x 8 ft 10 in Conservatory: 8 ft 9 in x 7 ft 9 in FIRST FLOOR Room 3: 11 ft 3 in x 9 ft Room 4: 12 ft 5 in x 8 ft 9 in Room 5: 14 ft 3 in x 11 ft 6 in Bathroom:
OUTSIDE
Front: Paved area. Rear: Paved garden.
SERVICES AND HEATING
Mains gas, electricity, water and sewage are supplied to the property. (No tests have been carried out and we are therefore unable to confirm connections.) Gas central heating.
EPC RATING - D
COUNCIL TAX BAND - B
TENURE
Freehold subject to tenancies.
TENANCIES
Assured Shorthold Tenancy Room 1 Term: 6 months 22/05/2023 (Now rolling) Rent payable: £485 p.c.m. Room 2 Term: 6 months 01/07/2021 (Now rolling) Rent payable: £452 p.c.m. Room 3 Term: 6 months 31/08/2021 (Now rolling) Rent payable: £500 p.c.m. Room 4 Term: 6 months 01/07/2021 (Now rolling) Rent payable: £490 p.c.m. Room 5 Term: 6 months 02/08/2024 (Now rolling) Rent payable: £507 p.c.m.
ADDITIONAL COSTS
Administration Fee: £1,440 (£1,200 plus VAT) Buyer's Premium: £1,440 (£1,200 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.