For Sale By Auction | 18:30, 16 November 2023 | Lot 7

Freehold interest, 1-15 Norton Hill Drive, Wyken, Coventry, West Midlands CV2 3AS

Sold £235,000

  • Mixed Use

Call the team on 024 7652 7789 for more information

Auction Date

Thu 16/11/2023

Auction Time

18:30

Auction Venue

Village Hotel, Dolomite Avenue, Coventry, CV4 9GZ

**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.

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.