Coventry apartment block to be sold in online property auction
Storham House in Stoke Green, Coventry is set to be sold in an online auction by Network Auctions on the 5th November. The attractive period building which is arranged as 6 x 1 bedroom flats over three floors has a guide price of £370-380,000.
Toby Limbrick, auctioneer, says, ‘We are delighted to be able to offer this property on behalf of a housing association. Storham House offers a wonderful opportunity for both investment and future development. We anticipate the yearly rental of the existing flats when fully occupied to be £46,800.’
The property, which is set back from a pleasant tree-lined road and facing Stoke Green open space, sits on a large site of 0.18 acres and benefits from a car park area to the rear.
Limbrick says, ‘Freehold opportunities like this in such a sought after location are rare and we expect a lot of interest in this property due to the potential on offer.’
Storham House will be sold by Network Auctions on the 5th November.