1 bed flat for sale

Lower Ford Street, Coventry CV1

Summary

Being Sold via Secure Sale online bidding. Terms & Conditions apply.

**an excellent investment opportunity with 134 years remaining on the lease and tenant in-situ with current rental income of 9,540 pa**

This modern and spacious one bedroom ground-floor apartment is situated within walking distance to the City Centre and local amenities, with double glazing and electric heating.

Comprises of generously sized living room with French doors to communal car park, fitted kitchen with integrated electric oven & hob, washer dryer and freestanding fridge/freezer. A part tiled bathroom with white suite to include bath with shower over, w/c and hand wash basin. Also benefits from allocated parking and entry phone system.

Approach - The apartment comprises of a communal entrance door and entry phone system

Hall - Comprises of a electric heater, secure intercom telephone system, with built in storage cupboard containing the water tank.

Bathroom - 2.12 x 1.91 (6'11" x 6'3") - A part tiled bathroom with white suite, bath with thermostatic shower over, W/C and hand wash basin

Bedroom - 2.75 x 4.17 (9'0" x 13'8") - Double glazed window to rear, spacious double room with carpet.

Lounge - 3.01 x 5.73 (9'10" x 18'9") - Double glazed French door leading to the car park, two electric heaters, generously sized lounge with carpet.

Kitchen - 2.71 x 1.92 (8'10" x 6'3") - Modern fitted kitchen with a range of matching wall and base units, integrated electric four ring hob and oven, washer/dryer and freestanding fridge/freezer

Tenure - Leasehold - The agent has been informed that the property is offered leasehold however any interested party should obtain confirmation of this, along with any ongoing associated costs such as ground rent and service charges, via their own solicitor or legal representative. Any costs stated in these particulars have been provided by the vendor and have not been verified by the agent.

Viewings - Viewings are strictly by appointment only via Archer Bassett.

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 135
Annual Ground Rent Amount: 180.00
Annual Service Charge Amount: 1,812.00

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.