Sold Subject to Contract

Ansty Road, Coventry

Bed icon  7    Bath icon  0    

Guide price £385,000

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Description

For sale by Modern Method of Auction; Starting Bid Price £385,000 plus Reservation Fee.. A two storey block of seven self-contained flats, with two lock-up garages and five open parking spaces. All have electric heating and uPVC double glazing. Cavity walls and lofts have been insulated with all having separate valid EPC's. Six comprise hall, bed-sitting room, kitchen and bathroom/WC with one having hall, living room, kitchen, bedroom and bathroom/WC. All are let/available unfurnished on monthly Assured Shorthold Tenancies to individuals at a combined annual rent of around £32,000. Please note that a director of the selling agents is a trustee of the vendor estate. This property is for sale by “The West Midlands Property Auction powered by iamsold Ltd".

Features

  • FREEHOLD RESIDENTIAL INVESTMENT
  • Block of 7 self-contained studio flats
  • 6 with bed/sitting rooms
  • 1 with separate bedroom
  • All with kitchen & bathroom/shower room
  • All double glazed & electric heating
  • Cavity walls & loft insulated
  • Separate valid EPC's
  • 2 garages & 5 parking spaces

Full Details

AUCTION TERMS

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £220.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Floorplan for Ansty Road, Coventry
EPC Graph for Ansty Road, Coventry

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