3 Bedroom Flat

*GROSS YIELD OF 9.33%*EWS1 Cert in place*NO CHAIN* 3 BEDS* Suttons Estate Agents are pleased to offer for sale this spacious three-bedroom, top-floor apartment, situated within a secure gated development just off Swan Lane.

The property is well positioned for access to Coventry City Centre, the A444, local amenities and transport links, making it an attractive option for both investors and owner-occupiers.

The accommodation briefly comprises an entrance hallway with a useful storage cupboard, a bright and spacious open-plan kitchen, dining and living area, three well-proportioned double bedrooms, and a fully tiled family bathroom with a shower over the bath.

The kitchen is fitted with a gas hob and oven, with additional space available for freestanding appliances.

Externally, the development benefits from secure gated access, maintained communal grounds and one allocated parking space.

Further features include gas central heating, double glazing and no onward chain.

Good to know:

• The property is currently tenanted at £1,050 per calendar month.

• Gross rental yield 9.33% and Net yield of 7.30%

• The existing tenant has occupied the property for approximately four years.

• The property can be sold with the tenant in situ or with vacant possession, subject to the required notice.

• EWS1 certificate in place.
• Leasehold with approximately 132 years remaining.

• Ground rent: £300 per annum.

• Service charge: £2,448 per annum.

• Building management company: HomeGround Management Ltd.

• The landlord is selling as part of an exit from the rental market.

• Located on the fourth and top floor. Stairs only, no lift.

• Please note that there is no lift access; the property is accessed via stairs.

• Water meter installed.

• Council Tax A
• EPC - C
  
• Internal area - 57 Sq M / 613 Sq Ft