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

17 Carmelite Road, Stoke, Coventry, West Midlands CV1 2BX

*Guide | £240,000 - £260,000 (plus fees)

  • End of Terrace House
  • 4 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. End terrace, 3 storey, property with 4 lettable rooms (3 currently let) all with their own bathrooms plus communal lounge and kitchen. Current rent payable £35,292 p.a. with potential to increase once fully let. HMO Licence until July 2026 (Not transferable)

ACCOMMODATION

GROUND FLOOR Hallway: Room 1: 11 ft 1 in x 8 ft 1 in Lounge: 12 ft 4 in x 11 ft 8 in Kitchen: 15 ft 8 in x 6 ft Shower room: FIRST FLOOR Room 2 with ensuite: 11 ft 7 in max x 10 ft 11 in Room 3 with ensuite: 11 ft 9 in max x 9 ft 11 in SECOND FLOOR Room 4 with ensuite: 15 ft 4 in max x 11 ft 8 in max

OUTSIDE

Front: Garden. Rear: Garden. On street parking.

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 - A

TENURE

Freehold subject to tenancies.

TENANCIES

Room 1 - Vacant. Room 2 Term: 3 months from 13/08/2024 (now rolling) Rent payable: £650 p.c.m. Room 3 Term: 40 days from 22/07/2023 (now rolling) Rent payable: £966 p.c.m. Room 4 Term: 6 months from 16/11/2024 Rent payable: £700 p.c.m.

ADDITIONAL COSTS

Administration Fee: £1,440 (£1,200 plus VAT) Buyers 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.