166-188 Humber Road, Coventry, West Midlands, CV3 1BG

Description

The opportunity comprises an unbroken parade of 12 x 2 bedroom self contained apartments, set back beyond foregardens and low level retaining brick walls. Each property is serviced by electric heating, mains water, and comprise 2 bedrooms, bathroom, kitchen and a lounge/sitting room.

Location

The properties occupy an end parade position on Humber Road at it’s junction with Terry Road, approximately 1.5 miles south east of Coventry City Centre. The location affords excellent and easy access to the city centre and is within walking distance of Coventry University and less than 1 mile from Jaguar Land Rover. The M1, M6, M40, M42, M45 and M69 motorways are all within a seven mile radius, each accessed by the A45 or A46 trunk roads. Coventry is a cathedral city located in the West Midlands in the heart of the Golden Triangle. It is the ninth largest city in England with a population in excess of 360,000 and a GDP of over £11 billion. This is largely driven by the advanced manufacturing and engineering sectors, given its strong geographic location and access to a large employment catchment. The area is home to a number of major companies such as Jaguar Landrover, Walkers Crisps, Unipart, Royal Mail, Travis Perkins and B&Q.

Tenure

Freehold

Tenancy

The properties are let to professionals on assured shorthold tenancies.
FLAT NUMBER - RENTAL INCOME PCM - RENTAL INCOME PA
166 - £800 - £9,600
168 - £800 - £9,600
170 - £850 - £10,200
172 - £800 - £9,600
174 - £850 - £10,200
176 - £850 - £10,200
178 - £850 - £10,200
180 - £775 - £9,300
182 - £850 - £10,200
184 - £850 - £10,200
186 - £850 - £10,200
188 - £850 - £10,200
TOTAL - £9,975 - £119,700

Price

Offers based on £1,495,000, equating to a current gross yield of 8%.

VAT

We are advised that VAT is not applicable but purchaser’s should satisfy themselves in this regard.

EPC

Available upon request.

Legal Costs

Each party is to be responsible for their own legal costs that may be incurred in this transaction.

Anti Money Laundering

In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.