Manor Road, Rugby, Warwickshire, CV21

A fantastic opportunity for buy to let investors. This substantial town house, located in a popular residential area, extends to 1,466 Sq.' (136.2 Sqm.) and has been converted into a 5 bedroom HMO, that is currently let with a GUARANTEED income until the 26th of September 20230.

The property is currently let on an AASC agreement between the current owner and Serco Ltd, a multi-million pound company that is contracted by the Government to provide accommodation for asylum seekers. The contract provides a PCM income of £1,827.00 (£21,924.00 PA) that is guaranteed until the 26th September 2030.

A very important feature of this contract is that the Landlord has NO BILLS and NO MAINTENANCE COSTS with respect to his property. These are all covered by Serco Ltd., as per the terms of the AASC contract. We have estimated that this confers an additional benefit to the Landlord of approximately £11,000. In addition, the Landlord has chosen not to appoint a managing agent, saving an additional £3,732.00 (10% + VAT) when compared to a similar managed HMO being run as individual room lets.

In brief the accommodation comprises: Entrance Hall, Room One, Room Two, Kitchen/Dining Room, Rear Lobby, Cloakroom, Utility Room, First Floor Landing, Room Three, Room Four, Room Five, Ensuite Shower Room, Cloakroom, Shoer Room, Garden to the Rear.

ENTRANCE HALL:

Entered via a double glazed door.
Staircase to the first floor landing.
Understairs cupboard.
Panel Radiator.
Doors leading off to:

ROOM ONE: 14'8" x 10'11" (4.48m x 3.33m)

uPVC double glazed bay window to the front aspect.
Panel radiator.
Original feature fireplace surround.

ROOM TWO: 12'9" x 10'11" (3.91m x 3.33m)

uPVC double glazed window to the rear aspect.
Panel radiator.
Original feature fireplace surround.

REAR HALLWAY:

uPVC double glazed window to the side aspect.
Door to:

KITCHEN/DINING ROOM: 19'3" x 9'3" (5.89m x 2.83m)

Fitted with a range of base and wall mounted cupboards with adjacent working surfaces.
Stainless steel sink unit with mixer tap.
Panel radiator.
Two uPVC double glazed windows to the side aspect.
Wall mounted gas combination boiler serving radiators and domestic hot water.
Ceramic tiled floor.
Gas range style cooker with extractor canopy above.

REAR LOBBY:

uPVC double glazed door to the rear garden.
Built in storage cupboard.
Doors to:

CLOAROOM:

Fitted with a low level WC and wall mounted wash hand basin.
uPVC double glazed frosted window to the rear aspect.

UTILITY ROOM: 8'1" x 3'3" (2.48m x 1.01m)

Plumbing for a washing machine.
uPVC double glazed window to the rear aspect.

FIRST FLOOR LANDING:

Access to the loft space.
Panel radiator.
Doors leading off to:

ROOM THREE: 14'11" x 12'9" (4.55m x 3.91m)

uPVC double glazed bay window to the front aspect.
Panel radiator.
Original feature fireplace surround.

ROOM FOUR: 12'9" x 11'11" (3.91m x 3.65m)

uPVC double glazed window to the rear aspect.
Panel radiator.
Original feature fireplace surround.

ROOM FIVE: 15'1" x 9'1" (4.60m x 2.77m)

uPVC double glazed window to the rear aspect.
Panel radiator.
Original feature fireplace surround.
Door to:

ENSUITE SHOWER ROOM: 5'11" x 4'4" (1.82m x 1.34m)

Fitted with a white suite comprising a fully tiled corner shower cubicle, pedestal wash hand basin and low level WC.
Panel radiator.
uPVC double glazed frosted window to the side aspect.

SHOWER ROOM: 6'7" x 5'11" (2.02m x 1.82m)

Fitted with a white suite comprising a fully tiled corner shower cubicle, pedestal wash hand basin.
Panel radiator.
uPVC double glazed frosted window to the side aspect.

WC:

Fitted with a low level WC and wall mounted wash hand basin.
uPVC double glazed window to the side aspect.
Ceramic wall tiling.

REAR GARDEN:

Laid mainly to lawn, enclosed by a brick wall and timber panel fencing.

LOCATION:-

Manor Road is a very popular residential location within easy walking distance of Rugby Town Centre, and with Rugby railway station only about a 1/3 of a mile away.

Rugby's retail parks 'Elliots Field' and 'Junction 1' are only a short distance from Park Road. These modern, easy-to-reach shopping parks contain many flagship retail stores such as Debenhams, Marks and Spencer, Next, Nike and DFS to name just a few. There are also coffee shops, restaurants and not to forget the free parking. There are many excellent private and public schools with Rugby School being the most famous. Leisure amenities are plentiful, including the Queen's Diamond Jubilee Sports Centre, a multiplex cinema, a theatre, and many pubs and restaurants.

Rugby's train station is served by London Midland and Avanti West Coast. Rugby to London Euston is less than 50 minutes by fast train and Birmingham is only 20 minutes. Rugby is also located centrally to a host of major road networks M1, M6, M40, A45, A5 and A14. This is just one of the reasons why Rugby has become extremely popular with many commuters.

Local Authority
Rugby Borough Council.
Telephone .
Council tax band: C - currently £1,925.00

TENURE: The property is freehold with vacant possession on completion.

SERVICES: All mains services are connected or available but not tested. A telephone line is installed the transfer of which is subject to BT regulations. Life Investments have not tested any apparatus, equipment, fittings, etc, or services to this property, so cannot confirm they are in working order or fit for the purpose. A buyer is recommended to obtain confirmation from their Surveyor or Solicitor.

FIXTURES AND FITTINGS: Only those as mentioned in these details will be included in the sale.

MEASUREMENTS: The measurements provided are given as a general guide only and are all approximate.

VIEWING: By prior appointment through the Sole Agents.

ADDITIONAL SERVICES: Do you have a house to sell? Life Investments offer a complete and professional service to home owners throughout Warwickshire. If you are thinking of selling your home, Life Investments offer you a Free Valuation with no obligation whatsoever. Please call us today for details of our service and our competitive fees.

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