Land for sale

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Land for sale

Coundon Road, COVENTRY
£3,000

Our Summary

  • SUMMARYAUCTION SALE 17 December 2024 - Freehold Ground Rent InvestmentSix Flats – Two with Reversions in 81 yearsGround Rents Reserved £600 per annum

Description

This is a freehold ground rent investment property, comprising a three-floor mid-terrace building converted into six self-contained flats. The flats are sold on a lease for 99 years, with four flats having leases from 2021 and two from 2006, with reversions in 81 years. The ground rents reserved are £600 per annum, with two flats having reversions in 81 years. The property is being sold at auction, with a guide price and a contract documentation fee of £1,500 payable to the auctioneers. The seller may also charge additional fees upon completion. The property is being sold with vacant possession, and the guide price is intended to provide an indication of the region at which the reserve may be set, but is not a valuation or assessment of value.
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