London Road, Toll Bar End, Coventry, West Midlands, CV3 4EP
To Buy £50,000 - Flat
10740 2 Bedrooms 1 Bathroom

FOR SALE BY CONDITIONAL ONLINE AUCTION
On Behalf of Foster Lewis & Co Two bedroom second floor flat located in the popular Stone House Estate near Whitley and JLR. Ideal investment property with potential returns of £7000 per annum. Gas central heated, double glazed. No chain.

Description

FOR SALE BY CONDITIONAL ONLINE AUCTION
On Behalf of Foster Lewis & Co

Foster Lewis and Co are delighted to offer for sale this second floor 1960’s built flat located in the ever popular area of CV3 near JLR in Whitley.

The accommodation has communal entrance and access to the top floor with balcony to the front, there is a hallway out to the parking available at the rear.

The property has gas central heating, double glazing, and is offered for sale with no upward chain.

There is a fitted kitchen, bathroom with electric shower, Biasi Combination boiler, two double bedrooms and a living room to the front aspect.

This property in modernised condition could potentially bring in a return of £7000 per annum.

It has a 37 year lease according to the vendors with annual service charges of £508 and ground rent of just £8.

If buying with a mortgage, please contact your advisor to discuss the extension of the lease as only short and may need advise about extending.

Dimensions

Fitted kitchen 2.80 x 2.29
Bathroom 2.41 x 1.95m
Living room 4.35 x 3.35m
Bedroom to Front 3.37 x 3.32m
Bedroom To Rear 3.85 x 3.34m

Tenure
See Legal Pack
*Start Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Start Price. The Start Price, also know as a Guide Price, is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms which is available to download on our website, www.sdlauctions.co.uk.

Viewing Details

By arrangement with the auctioneer 0345 319 2162 or can be booked online www.sdlauctions.co.uk/online-auctions

Energy Performance Certificates

EPCs can be viewed in the Related Documents section on our website or in the legal pack.

Auction Type: Conditional with Reservation Fee

Every online bidder on SDL Auctions must first create an account at www.sdlauctions.co.uk/online -auctions. This is a very quick and simple process. In order to bid, you will need to be authorised for money laundering purposes, this will be carried out at the registration stage. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.

Once you have registered, you will be able to search, download legal documents, arrange site viewings and contact the Auctioneers and the solicitors if you have queries on the property.

If you are the successful bidder, at the end of the specified time period, you’ll enter into a reservation agreement with the seller and will have 40 business days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 40 business day reservation period, the seller is not able to accept other offers.

The sale of this lot is subject to a reservation fee of 4.8% including VAT or 4.2% including VAT in London, subject to a minimum of £6,000 including VAT. This does not contribute towards the purchase price and is payable on the fall of the hammer.

We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract.

By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.

Property on Map

Similar Properties