1 bedroom Apartment in Coventry

Flat 5, Friars Court, 16 Friars Road, Coventry, Warwickshire CV1 2LL
  • Lot No: 23
  • Property Type: Apartment
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £72,500+ plus fees

Result Sold at Auction £80,000

Property Description

DRAFT DETAILS This one bedroomed 2nd floor apartment is ready to be occupied and with a potential return of £650 per calendar month/£7,800 per annum, based on comparable evidence. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding. Located within 1/2 mile of Coventry University and the main shopping area of Coventry and comprising allocated parking, hallway, lounge diner, kitchen, double bedroom and bathroom.

Lounge Diner

20ft 1 x 9ft 3


Kitchen

8ft 4 x 7ft 4


Bedroom

9ft 3 x 12ft 10


Bathroom

7ft 4 x 6ft 2


Leasehold

Length of lease: 125 years from and including 1 April 2021 Current ground rent: Peppercorn Ground rent review period: N/A Current service charge: Please see legal pack Service charge review period: Please see legal pack This information should be clarified in the legal pack and we’ll update the information above when we receive it.


Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 25th August 2022

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

Flat 5, Friars Court, 16 Friars Road, Coventry, Warwickshire CV1 2LL