Property Information
Address:
11 & 12 Westminster Road, Coventry, West Midlands
, CV1 3GA
, West Midlands
, United Kingdom
Price: Property no longer available.
Size: 20 sq ft sqm
Primary Category: Commercial Property
All Categories:
Investment,
Property Ref/Movehut: MH648866
Property Ref/Agent: 1923
*Please use the agent ref when calling the agent directly.
Property description
Fully let and operational residential investment. Formerly two terraced properties, the developers have completely refurbished and extended the accommodation to create 20 en-suite studios with their own kitchen facilities. The property benefits from key security front door access, CCTV monitored lobby and communal areas, with individual digital security locks to all studios. Inside the studios most of which are suitable for double occupancy, there is an en-suite shower room, kitchinette including fridge/ freezer, sink, microwave and hob, built in wardrobe and desk/ works space area. The studios have the benefit of communal facilities including a gym, sauna and laundry room at basement level and
additional kitchens and social areas at ground floor. Externally there is a secure bike store, central outside seating area and a secure rear communal space, with picnic tables, bbq and table football. The properties have been refurbihed to the highest specification with every insulation and fire prevention strategy installed to produce a very safe environment that is highly cost efficient. Current yearly utility and council tax costs £10,286, with management and letting at 10% of gross rent and a 5% contingency.
Fully let delivering £145,788 currently, rising to £147,204 in March
Located 365m from Coventry City train station
Fully refurbished to produce 20 self contained studios
Fully let to young professionals
Gym, Sauna, Laundry, communal kitchens and social areas
Landscaped external areas including picnic tables, bbq and table football
Low management investment
Waiting list for room availability
Ever increasing rents
Bromwich Hardy available to manage if required
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