For Sale

Binley Road, Coventry

Bed icon  6    Bath icon  0    

Guide price £495,000

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Description

*** BEING SOLD THROUGH MODERN METHOD OF AUCTION *** READ AUCTION DETAILS BELOW *** A very substantial end terraced investment property occupying a large plot, situated in this relatively central location, within easy walking distance of various daily amenities, the City centre and therefore Coventry University. The immediate area offers excellent road links to both north and south of the City and therefore enabling good access to the motorway network. Consisting of 9 units in total, arranged over three floors, being 6 studio apartments and 3 one bedroom apartments, the property includes gas heating and some double glazing together with a direct side driveway leading to the long rear garden creating a number of valuable off-road parking areas. Potential income in excess of £42,000 pa.

Features

  • A very substantial end terraced investment property
  • Consisting of 9 units in total, arranged over three floors, being 6 studio apartments & 3 one bedroom apartments
  • Gas heating & some double glazing
  • Direct side driveway leading to the long rear garden creating a number of valuable off-road parking areas
  • Potential income in excess of £42,000 pa
  • Viewing Advised

Full Details

Reception Hall (4.95m x 4.17m overall)

with an outstanding original patterned Minton tiled floor, impressive staircase, ceiling cornice, hot water radiator and fire alarm system

Flat 1 (4.50m x 3.94m)

with a double glazed bay window, sink unit, base cupboard and wall cabinets, built-in double door wardrobe, wood effect flooring

En-suite Shower Room (3.05m x 0.76m)

with shower cubicle, basin and WC

Flat 2 (5.61m x 3.63m)

having double glazed rear window, sink unit, base cupboard and wall cabinets, built-in double door wardrobe

En-suite Shower Room (2.16m x 1.55m)

with shower cubicle, basin and WC

Flat 3 (3.76m x 3.35m)

with double glazed bay window, sink unit, base cupboard, wall cabinets, wood effect flooring and built-in wardrobes

En-Suite Shower Room (1.70m x 1.24m)

having shower cubicle, basin, WC and double glazed window

ON THE FIRST FLOOR

Flat 4 (4.62m x 2.39m)

with double glazed rear window and built-in double door wardrobe

Kitchen (1.85m x 1.50m)

with sink unit, base cupboards and double glazed window

Shower Room (1.78m x 1.70m)

with shower cubicle, basin, WC and double glazed window

Flat 5 (6.10m x 3.63m)

with a sink unit, double glazed bay window, 2 built-in double door wardrobes

En-Suite Shower Room (1.63m x 1.42m)

with shower cubicle, basin and WC

Flat 6 (3.94m x 3.73m)

with double glazed window, sink unit, base cupboards, wall cabinets and built-in wardrobe

En-Suite Shower Room (3.05m x 0.76m)

with shower cubicle, basin and WC

Double Bedroom (2.92m x 2.31m)

with double glazed window and built-in wardrobe

ON THE SECOND FLOOR

Flat 7 (4.83m x 3.71m overall)

having sink unit, base cupboards, double glazed front and side windows

Double Bedroom (3.12m x 2.29m)

having Velux window

En-Suite Shower Room (2.64m x 0.76m)

with shower cubicle, basin and WC

Flat 8

Lounge (4.09m x 3.28m)

with double glazed side window

Kitchen (2.59m x 1.83m)

with sink unit and base cupboards

Double Bedroom (3.56m x 2.29m)

having Velux window and built-in wardrobe

En-Suite Shower Room (2.29m x 1.14m)

with shower cubicle, basin and WC

Flat 9 (2.72m 2.72m)

with double glazed window and double door wardrobe

Kitchen (1.65m x 1.19m)

having sink unit and double glazed window

Shower Room (1.60m x 0.86m)

with shower cubicle, basin, WC and double glazed window

OUTSIDE

The property has a side driveway providing off-road parking leading to the large rear garden where further parking spaces can be found.

SPECIAL NOTE

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.
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 (subject to lending criteria, affordability and survey).
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 £300.00 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.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may

POTENTIAL RENTAL INCOME

Flat 1 £ 450 per calendar month
Flat 2 £ 368 every four weeks
Flat 3 £ 425 per calendar month
Flat 4 £ 320 per calendar month
Flat 5 £ 450 per calender month
Flat 6 £ 420 per calendar month
Flat 7 £ 450 per calender month
Flat 8 £ 495 per calendar month
Flat 9 £ 195 per calendar month

Monthly total £ 3573
Annual total £ 42876

Floorplan for Binley Road, Coventry

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