2 bed flat for sale

Barkers Butts Lane, Coventry CV6

Summary

'Preece House' is part of a modern development built in 2005 set in coundon, a desirable residential location perfectly appointed for access to the City Centre, Alvis Retail Park, Train Station, an array of local shops, road/transport links, sports and leisure facilities. In addition to exceptional amenities it is also within close proximity of Coventry University, The Technology Park and local employers therefore attracting student and professional tenant clientele.

Here is an excellent 'Buy To Let' opportunity offering you immediate 'return on investment'. This well maintained executive apartment is being sold with 105 Years left on the lease.

Situated on the first floor and presented with contemporary fixtures and fittings, specification includes a spacious front facing lounge diner, fitted kitchen with appliances (washer dryer, fridge freezer, integral cooker), 2 bedrooms, family bathroom, gas central heating and allocated parking.

The property is being sold with a tenant in place paying 925 pcm.

Good to know:
Tenure: Leasehold
Vendors Position: No Chain
Parking Arrangements: Allocated Parking at the rear of the parking
EPC Rating: C
Total Area: Approx. 587.00 Sq. Ft
Yearly Service Charge - 177.00 pcm
Lease remaining - Approx 105 Years remaining

Council Tax Band: B
Tenure: Leasehold
Length Of Lease: 105
Annual Ground Rent Amount: 150.00
Annual Service Charge Amount: 2,124.00

Lounge

Lounge - 5.36 x 2.81 (17'7" x 9'2")

Kitchen

Kitchen - 3.73 x 2.20 (12'2" x 7'2")

Bedroom 1

Bedroom One - 3.07 x 2.78 (10'0" x 9'1")

Bedroom 2

Bedroom Two - 2.49 x 2.57 (8'2" x 8'5"

Bathroom

Bathroom - 2.07 x 1.61 (6'9" x 5'3")

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.