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Generator Hall, Electric Wharf, Radford, CV1 4JL

£175,000Leasehold

211

Key Information

Tenure:Leasehold
Service charge:Not available
Ground rent:Not available
Time remaining on lease:Not available
Council tax band:Not available
Broadband:up to 1000Mbps
Mobile signal:*Based on indoor data coverage
EEO2ThreeVodafone

Description

Investors Only! Modern 2-bed ground-floor apartment in Electric Wharf with tenant in situ, yielding 7.89% gross, 6.64% net. Open-plan kitchen/lounge, private balcony, secure entry, parking, canal views. No chain. Prime location near Coventry City Centre. Contact Suttons today for details!

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.

**INVESTORS ONLY- SOLD WITH TENANT IN SITU**Gross rentalyield 7.89%, Net 6.64%**No chain**Close to Coventry City Centre/Uni/Trainstation**

This ground-floor, two-bedroomapartment is situated within the sought-after gated community of ElectricWharf, offering convenient access to various local amenities and publictransportation, with Coventry City Centre just meters away.

The property features anentrance hallway with two storage cupboards housing the boiler and water meter.The open-plan kitchen/lounge area boasts modern amenities including an electrichob, oven, washer/dryer, integrated fridge, and freezer, along with access to aprivate balcony area. There are two generously sized double bedrooms, with themaster bedroom benefiting from built-in wardrobes. The family bathroom is fullytiled and equipped with a spacious shower.

Additional features include asecure entry phone system, one allocated parking space in the multi-storey carpark, electric heating, double glazing, gated car park/main entrance, andpicturesque views of Coventry Canal. This apartment combines modern amenitieswith a prime location, making it an ideal home for professionals, couples, orsmall families. Don't miss out on this fantastic opportunity to own a beautifulproperty in Electric Wharf.

Good to know:

Currently rented for £1,150pcm on a company let for 24months, started 12th April 2024, excluding bills, tenant break clause11th March 2024, landlord break clause 11th February2025.

No onwards chain

Tenure: Leasehold with approx 133 years remaining.

Ground rent £150 per annum

Parking space – number 13

Service charge £2,037.35 per annum

Gross rental yield of 7.89% and Net of 6.64%

Internal area: 54 Square meters / 581 Square Foot

The property is located on the ground floor, the buildinghas a lift and is 3 / 4 stories tall.

Council Tax Band B

EPC Rating D

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Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
£921 /mo.25 Years, 5% Interest
Loan
£157,500
Total Repay
£276,219

Stamp Duty

You’ll have to pay the stamp duty of:
£0
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