Council tax band: B.

Tenure: Leasehold.

Lease remaining (For Leasehold tenure): 133 (in years).
Service charge (For Leasehold tenure): £2037.35 per year.
Ground rent (For Leasehold tenure): £150 per year.

MODERN TWO-BED APARTMENT WITH BALCONY – INVESTORS ONLY –TENANT IN SITU

Positioned on the ground floor of the sought-after ElectricWharf development, this stylish two-bedroom apartment offers a prime canal-sidelocation just minutes from Coventry City Centre, the university, and the trainstation. With a gross rental yield of 7.89%, a long lease, and no onward chain,this is an ideal opportunity for investors seeking a ready-to-go rentalproperty with strong returns.

Key Features

·        Leasehold spacious two-bedroom apartment, masterwith built-in wardrobe

·        Secure gated development with entry system andlift access

·        Open-plan kitchen/living area with integratedappliances

·        Private balcony with canal views

·        Fully tiled bathroom with large walk-in shower

·        EPC: D | Council Tax Band: B | Allocated parkingspace in secure multi-storey car park

·        Ground Rent: £150 p.a. | Service Charge:£2,037.35 p.a. | Lease: 133 years remaining

Description

This contemporary ground-floor apartment is set within thesecure, gated Electric Wharf development, just moments from Coventry CityCentre. The entrance hall includes two storage cupboards housing the boiler andwater meter. A bright, open-plan living space features a modern kitchen withintegrated fridge/freezer, electric oven, hob, washer/dryer, and opens onto aprivate balcony overlooking the canal. There are two generous double bedrooms,including a master with built-in wardrobe, and a stylish fully tiled bathroomwith a large walk-in shower. Additional features include electric heating,double glazing, secure entry system, and one allocated space in themulti-storey car park.

Prime Investment Opportunity

The apartment is currently let on a company tenancy at£1,150pcm for 24 months, beginning 12th April 2024. The agreement includes atenant break clause on 11th March 2025 and a landlord break clause on 11thFebruary 2025.

Offering a gross yield of 7.89% and net yield of 6.64%, thisproperty provides reliable returns in a desirable central location. With noonward chain, this is an excellent hands-off investment opportunity.

Room Measurements (in ft)

Kitchen/Living Area: 19'8" x 12'5"

Bedroom 1: 11'0" x 10'2"

Bedroom 2: 10'0" x 9'8"

Bathroom: 7'2" x 6'9"

Hallway: 11'6" x 3'5"