The property is situated on Dorset Road, Coventry at its junction with Somerset Road and within close proximity to the City Centre.
The property comprises a former public house that has been converted to provide a 17 room HMO and holds a current HMO licence from 2013.
Internally the rooms have been finished to a good standard with carpet flooring, double glazed UPVC windows and being furnished with bed, desk, chair and in some rooms a fridge.
The building is arranged over 3 floors comprising the following:
6 rooms, 2 showers, 2 WCs
6 rooms, 1 shower, 1 WC
5 rooms, 1 shower, 1 WC
A vacant property fronting Dorset Road is included within the sale and has planning for an additional 5 rooms, 2 showers and 2 WCs.
The property is currently generating a gross income of £60,338 per annum.
We anticipate with the conversion of the adjacent property, this could be increased to approximately £77,000 per annum.
Proposal / Tenure
Offers in the region of £650,000 are sought for the freehold interest, subject to contract.
A full tenancy schedule is available upon request from the agent.
Energy Performance Certificate
Available upon request.
Each party are to be responsible for their own legal fees incurred during this transaction.
The property is available immediately, subject to the completion of legal formalities.