11 & 12 Westminster Road
Coventry, West Midlands, CV1
Description
Fully let and operational residential investment. Formerly two terraced properties, the developers have completely refurbished and extended the accommodation to create 20 en-suite studios with their own kitchen facilities. The property benefits from key security front door access, CCTV monitored lobby and communal areas, with individual digital security locks to all studios. Inside the studios most of which are suitable for double occupancy, there is an en-suite shower room, kitchinette including fridge/ freezer, sink, microwave and hob, built in wardrobe and desk/ works space area. The studios have the benefit of communal facilities including a gym, sauna and laundry room at basement level and additional kitchens and social areas at ground floor. Externally there is a secure bike store, central outside seating area and a secure rear communal space, with picnic tables, bbq and table football. The properties have been refurbihed to the highest specification with every insulation and fire prevention strategy installed to produce a very safe environment that is highly cost efficient. Current yearly utility and council tax costs £10,286, with management and letting at 10% of gross rent and a 5% contingency.
Viewing
Strictly by appointment with the agent Bromwich Hardy.
Legal Costs
Each party is to bear their own legal and surveyors costs incurred in this transaction.
