1 bedroom commercial property for saleCaradoc Hall, Caradoc Close, Coventry, West Midlands, CV2 1QU
Guide Price* £2,600,000
- A superb portfolio of 103 flats in total, consisting of 52 studio flats and 51 one bedroom flats
- An ideal-buy-to let investment with approximately 86 flats currently let generating approximately £415,000 in rental income.
- Potential when fully let to generate approximately £450,000 per annum
**For Sale By Public Auction 08 December 2016 at Le Meridien Piccadilly, 21 Piccadilly, London, W1J 0BH commencing at 1pm.**
Guide Price - £2,600,000+
Caradoc Hall is located in Coventry which is approximately 20 miles east of Birmingham and 25 miles south west of Leicester. Coventry City Centre is 3 miles to the south west of the property. For the commuter the A4600 leads to the M6 at junction 2. Located within a residential neighbourhood with Henley Green Primary School close by, the local area benefits from open amenity space including a children's play area as well as shops and recreational facilities. The University of Coventry and Warwickshire lies around 3 1/2 miles to the south west.
A 17 storey tower block consisting of studio and one bedroom apartments. There are two lifts, communal lobby, security office and secondary office. There is a tarmac surfaced car parking area to the front of the building. The building has 24 hour CCTV and has electric heating to reduce costs.
The studio flats have a bedroom with small kitchenette area, separate bathroom, built-in cupboards and small corridor area.
The one bedroom flats comprise a bedroom, lounge, kitchen, hallway, WC/bathroom and fitted cupboards.
Strictly by appointment with our joint agents Bairstow Eves - Coventry Tel: 02476 257321
The Pro-map shown is for approximate identification purposes only and is not to scale. Crown copyright reserved. Potential purchasers are duly advised there are 26 flats within the premises which are not included in the sale and are owned by third parties. The potential purchaser will obtain control on purchase of 103 flats 30 of which are sold under long leases to the seller and 73 of which are held by virtue of the seller owning the freehold. Please refer to the legal pack and advice from your solicitor on the exact nature of the purchase.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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