£1,100,000

Block of flats for sale

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Freehold

£1,100,000

(£432.22/sq. ft)

Block of flats for sale

Melrose House, 34, Catherine Street, Coventry CV2

2,545 sq. ft

Local area information

Property location

Nearby amenities

  • Southfields Primary School 0.2 miles
  • St Mary and St Benedict Catholic Primary School 0.3 miles
  • Coventry 1.2 miles
  • Canley 2.5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Coventry to find out more about the area.

Features and description

  • Freehold
  • Newly refurbished
  • Close to city centre
  • Rental income of £108,000 per annum
  • Development opportunity at rear
The property is situated on Catherine Street near its junction with Nicholls Street and overlooks the Signet Square Development.
It is located just over 1/2 mile from Coventry city centre and accordingly the area is well served by amenities.

Draft Details
Melrose House comprises twelve self-contained studio flats - each with a kitchen and bathroom. It has recently undergone comprehensive refurbishment throughout to now offer attractive accommodation in a popular rental location.

This is an investment opportunity with a 5 year lease in place. This is at a rent of £750 per unit per month (£108,000 per annum) with the tenant being responsible for all outgoings relating to services and council tax. The property is let furnished and all fixtures and landlords contents are included within the sale, In addition, the site comprises an additional piece of land with a planning application due to be submitted for the erection of a block of three self-contained flats.

N.B - The lease agreement is awaiting completion and a copy of the agreement has not yet been seen by the agent - further details will be provided to interested parties in due course.

Accommodation:
Building Area: 2,545.00 sqft
Ground Floor: 1,415.00 sqft
First Floor: 1,130.00 sqft
Total: 2,545.00 sqft

More information

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  1. Zoopla
  2. Commercial for sale
  3. West Midlands
  4. Coventry
  5. Catherine Street

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