Overview
- Commercial, Residential
- 6
- 2360
Description
Sri Kanth Properties are pleased to bring to the market this mixed-use property in Coventry, ideal for investment. The gross yield on investment is an attractive 9.7%, perfect for investors looking to cash in on a gross rental of £53,730 per annum (details below).
Ground Floor
The property consists of a ground floor retail/convenience store currently let on a lease expiring in 2029.
The rear of the store leads to an ensuite studio with kitchenette and a large shared kitchen, a utility room and shower room.
First Floor
There are 6 ensuite bedrooms which are HMO registered, renovated to modern standards and fully furnished.
The Total Gross Annual Rent (at full occupancy) per annum: £53,730
Break Down (per annum)
Retail Premises: £8,970
Studio: £8,760
6 Ensuite Bedrooms: £36,000
Located on a high footfall area of Coventry, Humber Road is located just East of Coventry city centre, less than a mile away from Coventry University and one bus ride away from the city.
There is ease of access to the location via motorways; M69, M6 and M40 and Coventry Rail Station is less than 2 miles away.
For more details or to arrange a viewing, please contact Sri Kanth Properties.
Details
Updated on October 18, 2023 at 3:38 pm- Property ID: PSM20764
- Price: £545,000
- Property Size: 2360 sqft
- Bedrooms: 6
- Property Type: Commercial, Residential
- Property Status: For Sale
Additional details
- Mixed-Use Property: Yes
- Gross Rental Income: £53,730/year: Yes
- Ground Floor Studio Flat & 6 Bedroom HMO: Yes
- Freehold: Yes
- Very close proximity to Coventry City Centre & Coventry University.: Yes
- An abundance of buses to and from the area.: Yes
- Ease of access to roads; M69, M6, M40.: Yes
What's Nearby?
- Education
-
Sylvia Bird Dance Centre (0.53 mi)
-
A1 L of A Lesson School of Motoring (0.56 mi)
-
Andy1st Driving School (0.7 mi)
-
Stoke Park School (0.85 mi)
-
Coventry University Student Union (0.85 mi)
- Health & Medical
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The & Warwickshire Centre For Advanced Dentistry (0.27 mi)
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The Smile Centre (0.52 mi)
-
Eyesite Opticians (0.58 mi)
-
365 Pharmacist (0.84 mi)
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Coventry University Student Union (0.85 mi)
- Restaurants
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Humber Road Post Office (0.04 mi)
-
Jade House Chinese Take Away (0.36 mi)
-
The Big Comfy Bookshop (0.39 mi)
-
Sultan Restaurant (0.42 mi)
-
Windsor's and Refreshed (0.42 mi)
Mortgage Calculator
- Principal & Interest
- Property Tax
- Home Insurance
- PMI
Floor Plans
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