Dorset Road, Coventry
£650,000 Freehold
IMG_0428_20180515101601.jpg-Dorset Road, Coventry IMG_0427_20180515101601.jpg-Dorset Road, Coventry IMG_0430_20180515101601.jpg-Dorset Road, Coventry IMG_0431_20180515101601.jpg-Dorset Road, Coventry
Three storey FREEHOLD HMO with 17 rooms near COVENTRY CITY CENTRE - Current gross income in excess of £60,000 PER ANNUM

category header
Key Facts - Birmingham 1-5000 For Sale Investment
Location
Birmingham
Description
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
Google Maps
Google Streetview

Enquire about this property

Type of Enquiry
Request details
Arrange viewing
Send next virtual tour to my calendar
Book an interactive Facetime tour
Name
 
Email
 
Telephone
 
Message
I wish to receive details of similar properties via email
I wish to receive details of similar properties via text (please include a valid mobile telephone number above)


Share this page



© Siddall Jones. All rights reserved. Website developed by Nexus Creative

Register for latest property alerts

Just sign up and tell us how you'd like to be contacted and we'll send you the latest property details - as soon as they are listed!

Register for latest property alerts