London Road, Coventry, CV1
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Residential development for sale
Key features
- A company sale offering excellent returns on investment
- 15 double and 1 single self contained high quality studios within walking distance of Coventry city centre
- An existing lease agreement that offers further income with an existing lease in place until 2036
- Modern self contained living spaces
- There is a large parking and storage area to the rear with 7 parking spaces, that could potentially increase up to 16 if needed
- Fully Occupied with existing tenancies in place at good market rents
- Efficient running costs
- EPC Rating C and D for individual units - Full details on EPC Register online
- Ideal CV1 location for professionals looking to rent
Description
A rare opportunity to purchase a local established business that brings in regular rental income, owns the freehold property and also has a commercial lease that in total that brings in a combined yearly gross income in excess of £150,000.
The Company Sale on offer consists:
16 self contained studio apartments situated in a popular residential location that is within walking distance of Coventry city centre, and is conveniently positioned for major road network links leading to A46, A444 and other major motorways. The property itself is a traditional brick built property with rear parking space with the AST lets agreed to working professionals.
The modern and recently refurbished units consist of modern fitted kitchen with oven, double hob and fridge, en-suite bathroom with walk in shower, w/c and sink. entrance hallway to each floor, bedroom with bed, chest of drawers, desk and chair. Some units slightly vary as outlined in the floor plans provided. Council tax is band A and due, dependent on individual circumstances. The whole property benefits from a communal laundry room, parking and bills being included within the rent. In total there are 12 apartments within the Freehold property with a further 4 apartments adjacent.
An additional 4 self contained apartments are located in the neighbouring property that currently forms part of a lease agreement. The fit and style of studio apartment are in keeping with all units, an opening has been created in the dividing wall to provide internal connection between both properties. A commercial lease is in place with an expiry date of 2036. The current rent is £7,200 per annum and at the tenant has security of tenure.
Annual rent for the business is £150,840. 100% shares are available in the purchase of the company.
Energy Rating for each individual unit is C or D , with communal areas rated at E.
For further details relating to running costs please contact Paul Barnes on .
Price on Application
A rare opportunity to purchase a local established business that brings in regular rental income, owns the freehold property and also has a commercial lease that in total that brings in a combined yearly gross income in excess of £150,000.
The Company Sale on offer consists:
16 self contained studio apartments situated in a popular residential location that is within walking distance of Coventry city centre, and is conveniently positioned for major road network links leading to A46, A444 and other major motorways. The property itself is a traditional brick built property with rear parking space with the AST lets agreed to working professionals.
The modern and recently refurbished units consist of modern fitted kitchen with oven, double hob and fridge, en-suite bathroom with walk in shower, w/c and sink. entrance hallway to each floor, bedroom with bed, chest of drawers, desk and chair. Some units slightly vary as outlined in the floor plans provided. Council tax is band A and due, dependent on individual circumstances. The whole property benefits from a communal laundry room, parking and bills being included within the rent. In total there are 12 apartments within the Freehold property with a further 4 apartments adjacent.
An additional 4 self contained apartments are located in the neighbouring property that currently forms part of a lease agreement. The fit and style of studio apartment are in keeping with all units, an opening has been created in the dividing wall to provide internal connection between both properties. A commercial lease is in place with an expiry date of 2036. The current rent is £7,200 per annum and at the tenant has security of tenure.
Annual rent for the business is £150,840. 100% shares are available in the purchase of the company.
Energy Rating for each individual unit is C or D , with communal areas rated at E.
For further details relating to running costs please contact Paul Barnes on .
Price on Application
The Company Sale on offer consists:
16 self contained studio apartments situated in a popular residential location that is within walking distance of Coventry city centre, and is conveniently positioned for major road network links leading to A46, A444 and other major motorways. The property itself is a traditional brick built property with rear parking space with the AST lets agreed to working professionals.
The modern and recently refurbished units consist of modern fitted kitchen with oven, double hob and fridge, en-suite bathroom with walk in shower, w/c and sink. entrance hallway to each floor, bedroom with bed, chest of drawers, desk and chair. Some units slightly vary as outlined in the floor plans provided. Council tax is band A and due, dependent on individual circumstances. The whole property benefits from a communal laundry room, parking and bills being included within the rent. In total there are 12 apartments within the Freehold property with a further 4 apartments adjacent.
An additional 4 self contained apartments are located in the neighbouring property that currently forms part of a lease agreement. The fit and style of studio apartment are in keeping with all units, an opening has been created in the dividing wall to provide internal connection between both properties. A commercial lease is in place with an expiry date of 2036. The current rent is £7,200 per annum and at the tenant has security of tenure.
Annual rent for the business is £150,840. 100% shares are available in the purchase of the company.
Energy Rating for each individual unit is C or D , with communal areas rated at E.
For further details relating to running costs please contact Paul Barnes on .
Price on Application
A rare opportunity to purchase a local established business that brings in regular rental income, owns the freehold property and also has a commercial lease that in total that brings in a combined yearly gross income in excess of £150,000.
The Company Sale on offer consists:
16 self contained studio apartments situated in a popular residential location that is within walking distance of Coventry city centre, and is conveniently positioned for major road network links leading to A46, A444 and other major motorways. The property itself is a traditional brick built property with rear parking space with the AST lets agreed to working professionals.
The modern and recently refurbished units consist of modern fitted kitchen with oven, double hob and fridge, en-suite bathroom with walk in shower, w/c and sink. entrance hallway to each floor, bedroom with bed, chest of drawers, desk and chair. Some units slightly vary as outlined in the floor plans provided. Council tax is band A and due, dependent on individual circumstances. The whole property benefits from a communal laundry room, parking and bills being included within the rent. In total there are 12 apartments within the Freehold property with a further 4 apartments adjacent.
An additional 4 self contained apartments are located in the neighbouring property that currently forms part of a lease agreement. The fit and style of studio apartment are in keeping with all units, an opening has been created in the dividing wall to provide internal connection between both properties. A commercial lease is in place with an expiry date of 2036. The current rent is £7,200 per annum and at the tenant has security of tenure.
Annual rent for the business is £150,840. 100% shares are available in the purchase of the company.
Energy Rating for each individual unit is C or D , with communal areas rated at E.
For further details relating to running costs please contact Paul Barnes on .
Price on Application
Brochures
London Road, Coventry, CV1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Coventry Station0.6 miles
- Canley Station2.0 miles
- Coventry Arena Station3.0 miles
About Sheldon Bosley Knight, Warwickshire
35 -36 Rother Street Stratford Upon Avon Warwickshire CV37 6LPNotes
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