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. For more information www.networkauctions.co.uk