27 Westminster Road, Coventry, CV1 3GB, & 15 Regent Road, Coventry, CV1 3EP

19 bedroom HMO investment in Coventry

Guide price*

£680,000+

Plus fees

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Lot 110 Residential Investment
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Auction details:

Wednesday 14th December 2022 @ 09:00AM

Live-streamed auction, you must pre-register to bid via our website with remote bidding online, by telephone or proxy

Two Substantial Terraced Houses Let As One As A 19 Bedroom Fully Licenced HMO Investment Property Current Gross Income £68,820 PA

Property Description

Two terraced houses which are let as a single investment which stands back from the road.

Accommodation

Ground Floor: Hall with Cellar Access which is used as a laundry room, Two Kitchen's (interconnected), Communal Reception Room, Communal Bathroom/WC, Two Communal WC's, Eight Bedrooms some having En Suite facilities.
First Floor: Landing with Communal Bathroom/WC, Communal Shower Room/WC, Communal Shower, Communal WC and Ten Bedrooms some having En Suite Facilities.
Second Floor: Attic Bedroom.
Outside: Rear Yard and Driveway Parking.
The property benefits from having a gas fired central heating system and the majority of the windows are double glazed units. The property has emergency lighting, mains smoke alarms and is furbished and the furniture will be included in the sale.

Energy Performance Rating

See legal pack.

Tenure

Freehold – Subject to the existing tenancies.

Tenancy Details

The property is let subject to a lease for a term of 6 years and 11 months from 6th November 2020 at a rental figure of £5,735pcm- £68,820 per annum. The tenants are responsible for the payment of all utilities.

Auctioneer's Note

Please note that the completion period for this property is 48 days from exchange of contracts or earlier by mutual consent.

Please note offers may be considered prior to the Auction Sale.

Remote Bidding Auction

This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.

Viewings

External viewings only. A floor plan of the property will be available in the legal pack.
DISCLAIMER

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

LIVE-STREAMED AUCTION

Please note that the Auction will be livestreamed via our website.  You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.

*DEFINITION OF GUIDE & RESERVE PRICE

All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

COSTS AT AUCTION

When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’.  Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

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