FOR SALE - OTHER, INVESTMENT
Property Images
Map & Location
0.00 sqft (968.00 sqm) - 0.00 sqft (968.00 sqm)
Type
OTHER, INVESTMENT
Address
Penny Black House
31 Greyfriars Lane
Coventry
West Midlands
CV1 2GB
31 Greyfriars Lane
Coventry
West Midlands
CV1 2GB
Minimum Size
0.00 sqft (968.00 sqm)
Maximum Size
0.00 sqft (968.00 sqm)
Leasehold
N/A
Freehold
£1,750,000 offers in excess of
Status
Available
Key Features
- City Centre location
- Student facility over 3 floors
- Basement available for alternative uses, ie, gymnasium, cinema
Location
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.
Full Description
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.
Property Images
Map & Location












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