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Butts, Coventry, West Midlands, CV1

PROPERTY TYPE

Block of Apartments

BEDROOMS

134

SIZE

34,008 sq ft

3,159 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • A purpose built student accommodation building arranged over four storeys and comprising 134 beds (82 Standard Plus and 52 Standard).
  • Located 0.5 miles from Coventry Station, and 0.9 miles from Coventry University.
  • Gross Internal Area 34,008 sq.ft (3,159 sq. m).
  • The Estimated Rental Value (ERV) of the property, once refurbished, is in the region of £795,000 per annum.
  • An opportunity to reposition as Residential (C3), Co-Living (Sui-Generis) or Hotel (C1) subject to obtaining the necessary consents.

Description

Value Add Opportunity for Purpose-built Freehold Student Accommodation

* A purpose built student accommodation building comprising 134 beds (82 Standard Plus and 52 Standard).

* The property is arranged over four storeys and benefits from lift access to all levels.

* Located 0.5 miles from Coventry Station, and 0.9 miles from Coventry University.

* Gross Internal Area 34,008 sq.ft (3,159 sq. m).

* The property is vacant due to internal damage requiring repairs and was previously occupied in Summer 2023.

* The Estimated Rental Value (ERV) of the property, once refurbished, is in the region of £795,000 per annum.

* An opportunity to reposition as Residential (C3), Co-Living (Sui-Generis) or Hotel (C1) subject to obtaining the necessary consents.

* Sold with Vacant Possession.

* Freehold

PROPOSAL

* Guide Price - Offers In Excess Of £3,000,000 (Three Million Pounds), subject to contract. A purchase at this level reflects a low capital value of £88 psf.

Brochures

Brochure 1
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Butts, Coventry, West Midlands, CV1

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About ESTATE OFFICE INVESTMENTS LIMITED, London

Ground Floor 1 Finchley Road, London, NW8 9TT

A London based boutique property consultancy with a global track record. We are investment and development land specialists, primarily selling land and buildings with and without planning permission, with a focus on residential blocks and commercial investment opportunities in retail, leisure and office space. We also act on behalf of clients on residential and commercial acquisitions.

Established in 1983 with exceptional combined experience, our dynamic team of fourteen work tirelessly to deliver the best possible outcomes for our clients. Entrepreneurial in style with the success which comes with several decades of service, our clients see Estate Office as their long-standing agency of choice

Your mortgage

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Monthly repayments
£14,297
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Disclaimer - Property reference ApolloHouse. 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 ESTATE OFFICE INVESTMENTS LIMITED, London. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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