Property for sale in Broad Lane, Coventry CV5

*** opportunity to purchase A mixed use building containing commercial and two residential units *** Comprises of three separate titles including ground floor commercial premises, first floor flat and ground floor flat to rear. Sought after location in Eastern Green. No chain.

Freehold

Foster Lewis and Co are proud to offer for sale this rare opportunity to purchase the freehold mixed use premises in the desirable area of Eastern Green.

The property is made up of three separate titles - This includes a ground floor commercial unit, previously used as a successful hair salon and start up estate agents.

To the front there is unallocated open plan parking set back from the main road.

To the rear is a large garden area for shared usage.

The ground floor also offers a modernised flat with open plan living room/kitchen, separate bedroom and bathroom with shower. This property is accessed via the rear down the side access point to the left of the commercial premises.

To the first floor there is a spacious one bedroom flat with separate lounge, kitchen and bathroom with shower. This property is accessed via front.

The two residential units are currently let out to long existing tenants. The combined rental as of April 2024 is £1025 per calendar month. The commercial premises was receiving an income of £800 per calendar month between 2022-2024.

An expected annual return of over £21,900 in total.

There are no management or services costs attached to the property.

The property has gas central heating and is double glazed throughout.

This property is being sold with no upward chain.

Money laundering Act – intended purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

Council Tax – please refer to to verify this information.

Tenure – the vendor has confirmed verbally to us that the property is Freehold but you should check this with your legal advisor before exchanging contracts.

Description – measurements are approximate and some may be maximum on irregular walls. Some images may have been taken with a wide angle lens and occasionally a zoom lens. The plan shows the approximate layout of the rooms to show the inter relationship of one room to another.

Consent – we have not had sight of any relevant building regulations, guarantees or planning consents and all relevant documentation pertaining to this property should be checked by your legal advisor before exchanging contracts.

Agents Opinion – these details imply the opinion of the selling agent at the time of these details were prepared and are subjective. It may be that the purchasers opinion may differ.

Every attempt has been made to ensure accuracy, photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures and fittings, therefore potential buyers are advised to recheck the measurements before committing to any expense. In accordance with the Property Mis descriptions Act (1991) the following particulars have been prepared in good faith and they are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. Foster Lewis and Co has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.