*investment opportunity* freehold price: …...*investment opportunity* freehold price: £1,500,000...

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*Investment Opportunity* Freehold Price: £1,500,000 155 - 161B Albany Road Gross Income: £78,040 pa Earlsdon, Coventry, CV5 6ND

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Page 1: *Investment Opportunity* Freehold Price: …...*Investment Opportunity* Freehold Price: £1,500,000 155 - 161B Albany Road Gross Income: £78,040 pa Coventry, CV5 6ND • 155 - 161B

*Investment Opportunity* Freehold Price: £1,500,000 155 - 161B Albany Road Gross Income: £78,040 pa Earlsdon, Coventry, CV5 6ND

Page 2: *Investment Opportunity* Freehold Price: …...*Investment Opportunity* Freehold Price: £1,500,000 155 - 161B Albany Road Gross Income: £78,040 pa Coventry, CV5 6ND • 155 - 161B

155 - 161B Albany Road Earlsdon, Coventry, CV5 6ND

Front Elevation

Lounge (159a)

Site Plan

Kitchen (No: 161a) Bathroom (No: 161b)

The flats are let on Assured Shorthold Tenancies and are all let. The retail unit is let until at least 2021. There is certainly potential for future rental growth to increase the current gross yield of 5.2%. The properties are freehold, unfurnished and being sold subject to the existing tenancies. • Interesting investment opportunity

• Convenient and popular location in Earlsdon

• Within easy access of the City Centre and Railway Station

• Ten 2-bedroom flats and one 1-bedroom flat, fully occupied and let

on Assured Shorthold Tenancies

• One corner retail unit let at £7,000 pa on an internal repairing lease

• Current gross yield 5.2%. Current gross rental income £78,040pa

• Good potential for future rental growth

• EPC ratings B, C, D and E

All transactions are stated exclusive of VAT. SUBJECT TO CONTRACT.

Legal Fees: Each party will be responsible for their own legal costs incurred in the transaction. Price: The Freehold interest in the property is available at a price of £1,500,000. This represents a gross yield of 5.2%.

INTERESTING FREEHOLD RESIDENTIAL INVESTMENT. Conveniently located close to the centre of the highly sought after area of Earlsdon, with easy access to the City Centre and Railway Station. The investment consists of eleven flats and one retail unit. .

Page 3: *Investment Opportunity* Freehold Price: …...*Investment Opportunity* Freehold Price: £1,500,000 155 - 161B Albany Road Gross Income: £78,040 pa Coventry, CV5 6ND • 155 - 161B

Kitchen (No: 159)

Lounge (155a) Garden

Shower Room (No: 155a)

024 7655 2841 coopersestateagents.com

Tenure The properties are Freehold. Council tax According to valuation Office Website enquiries these properties are all in Band A

THESE PARTICULARS DO NOT CONSTITUE ANY PART OF A CONTRACT OR OFFER. COOPERS give notice to prospective purchasers that they must not rely upon any statement herein as representation of fact and they should make their own inspection or commission a survey. The owners do not make or give and neither COOPERS nor their employees have any authority to make or give any representation or warranty whatsoever in relation to this property. All reasonable efforts have been made to ensure the accuracy of these Sales Particulars including the approximate measurements stated. These are for general guidance only. COOPERS have not tested any apparatus, equipment, fittings and fixtures or services & so cannot verify that they are in working order or fit for purpose. Any purchaser is advised to obtain verification from their Surveyor or Solicitor.

Page 4: *Investment Opportunity* Freehold Price: …...*Investment Opportunity* Freehold Price: £1,500,000 155 - 161B Albany Road Gross Income: £78,040 pa Coventry, CV5 6ND • 155 - 161B