Property Information
Address:
35 , Dorset Road, Coventry
, CV1 4EH
Price: Property no longer available.
Size: 2000 sq ft186 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH604759
Property Ref/Agent: Dorset Road, Coventry
*Please use the agent ref when calling the agent directly.
Property description
Three storey FREEHOLD HMO with 17 rooms near COVENTRY CITY CENTRE - Current gross income in excess of £60,000 PER ANNUM
Location
The property is situated on Dorset Road, Coventry at its junction with Somerset Road and within close proximity to the City Centre.
Description
The property comprises a former public house that has been converted to provide a 17 room HMO and holds a current HMO licence from 2013.
Internally the rooms have been finished to a good standard with carpet flooring, double glazed UPVC windows and being furnished with bed, desk, chair and in some rooms a fridge.
The building is arranged over 3 floors comprising the following:
Ground Floor
6 rooms, 2 showers, 2 WCs
First Floor
6 rooms, 1 shower, 1 WC
Second Floor
5 rooms, 1 shower, 1 WC
A vacant property fronting Dorset Road is included within the sale and has planning for an additional 5 rooms, 2 showers and 2 WCs.
Income
The property is currently generating a gross income of £60,338 per annum.
We anticipate with the conversion of the adjacent property, this could be increased to approximately £77,000 per annum.
Proposal / Tenure
Offers in the region of £650,000 are sought for the freehold interest, subject to contract.
Tenancy Schedule
A full tenancy schedule is available upon request from the agent.
Energy Performance Certificate
Available upon request.
Legal Costs
Each party are to be responsible for their own legal fees incurred during this transaction.
Availability
The property is available immediately, subject to the completion of legal formalities.
Viewings
Strictly via the sole selling agent Siddall Jones on 0121 638 0500
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