FOR SALE - OTHER, INVESTMENT

Penny Black House is located at 31 Greyfriars Lane in the heart of Coventry City Centre. The property is a 5 minute walk from Coventry University and also a short walk to the main Coventry Pool Meadow Bus Station and Coventry Mainline Railway Station.



Being located in the heart of Coventry City Centre the property benefits from all amenities with the retail and restaurant areas being within a minutes' walk of the property.

Penny Black House is a 21 bed student accommodation block over 3 floors. The property was converted in September 2011. Generally the property benefits from CCTV installed at every entrance to the property, communal services include smart card washing machines and dryers, a cleaning service available twice a week, fingerprint entry system, free bicycle parking and small gym.



Each room benefits from mattress protector, refrigerator, wardrobes, desk and bookshelves. Each room is carpeted and curtained. There is also Broadband/wifi to all rooms.



Penny Black House also provides shared bathroom/shower facilities and shared kitchen facilities with cooker, microwave, sink, etc.



- Rental Rates £131.00-£138.00 with a single room achieving £148.00 per week for a per period of 50 weeks per annum.

- Each room carries an admin fee of £50.00 and a cleaning fee of £50.00.

- Gross Income for the year 2017-2018 £140,950.

- Damages caused during the tenancy are repaired immediately and costs are charged back to the tenants for immediate settlement.