Melrose House, 34 Catherine Street, Coventry CV2 4HA
£432.22 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,545 sq ft
236 sq m
- SECTOR
Residential development for sale
- USE CLASSUse class orders: C3 Dwelling Houses
C3
Key features
- Newly refurbished
- Close to city centre
- Rental income of £108,000 per annum
- Development opportunity at rear
Description
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
Melrose House, 34 Catherine Street, Coventry CV2 4HA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Coventry Station1.2 miles
- Coventry Arena Station2.4 miles
- Canley Station2.5 miles
About Loveitts Commercial, Coventry
29 Warwick Row, Coventry, CV1 1DY
Coventry & West Midlands Commercial Property Services
The industry experienced and dynamic Commercial Team at Loveitts provide a professionally accountable service acting for a wide range of corporate clients, private clients, charities and companies. In addition to our expertise in commercial agency, we offer the following comprehensive range of property services:
• Acquisition and Disposal advice
• Investment advice
• Valuations for Sale/Purchase, Secured Lend
Notes
Disclaimer - Property reference 116154. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Loveitts Commercial, Coventry. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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