Location England West Midlands Coventry Chapel Fields Price £200,000 to £2,350,000 Max rental return: 17.5% Mortgage calculator Add to shortlist Property ID: 490910          Description Key selling points 4 x 1 bed and 4 x studio flats for just £200,000 - 30%+ discount Fully tenanted generating 17.5% gross rental yield Cash buyers only Entire floor of studio & 1 bed flats 40% below October 2007 valuation Fully let 17.5% gross rental yield Cash buyers only Property details 17-storey ex local authority tower block just 4 miles from the centre of Coventry. Buyers have the option of purchasing either: A complete, fully tenanted floor of 8 flats (4 x 1 beds & 4 x studios) The entire 17 floor block of 128 flats + 1 caretaker flat and service area Option 1 - Full floor of tenanted apartments with 17.5% yield A full floor of tenanted apartments. Full market value: £320,000 (estimated) Price: £200,000 Discount: 36% (estimated) Current gross yield: £35,000 (17.5%) Number of apartments: 4 x 1 bed & 4 x studio Finance Due to the timescale for completion, this offer is open to CASH BUYERS ONLY. The purchase could be refinanced at a later date. Option 2 - entire 17 floor block of 128 flats. 40% below market value. Full market value: £3.75m (RICS valuation October 2007 - current valuation is therefore expected to be around 10% lower) Price: £2.35m Discount: 40% Full occupancy rental valuation: £537,600 Gross yield on full occupancy: 23% Current occupancy: 30% Number of flats: 64 x 1 beds and 64 x studios New tenants are currently being found at and average rent of £425 pcm. Finance Due to the timescale for completion, this offer is open to CASH BUYERS ONLY. The purchase could be refinanced at a later date. The Valuation Report, Site Plan & structural report are available once you have registered your interest.                  Make an enquiry: TheMoveChannel.com is a property listing platform for estate agents, developers and private owners. For further details of the properties listed on the site, you must register/login and make an enquiry using the form that will appear on this page. Your enquiry email will then be sent directly to the person or company responsible for listing the property. Click here to register Email: Password: (forgot your password?)                 Get emails featuring more properties like this! Properties like this regularly feature in email newsletters that you are not signed up to. Opt in to receive newsletters by checking any relevant boxes below: Enter your Email:  UK Investment Global Investment

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