Commercial Development for sale

11A Lythalls Lane, Coventry, West Midlands CV6 6FN

Sold STC £400,000

Property Description

Commercial information

  • Use class orders: sui_generis_1

Key features

  • Freehold investment property for sale
  • With development potential
  • 0.813 acre (0.329 Ha) site
  • Currently in use for car storage and dismantling
  • Sited on the south side of Lythalls Lane close to Foleshill Road and A444
  • Let on lease, expiry May 2018, at 25,000 p.a.,outside the 54 Act
  • Development potential subject to planning
  • Offers in excess of 400,000

Full description

Tenure: Freehold

Location

The property stands at the eastern end of Lythalls Lane close to the junction with Foleshill Road and the A444 north-south road, which adjoins the southern boundary. The location benefits from excellent road links to the city centre (2 miles) and the Midlands motorway network to the north.

The immediate area comprises a mix of commercial, industrial and residential properties.

Description

The property comprises a generally level, mainly rectangular shaped site of 0.813 acre (0.329 Ha). A small workshop building of steel portal frame construction with profile steel sheets to elevations and roof, is located towards the rear right hand corner of the site. Access is on the northern boundary from Lythalls Lane, The yard area is principally concrete hard surfaced and secured by profile steel sheet fencing.

Services

Mains services are believed to be connected or available to the site.

Rateable Value

Description: Warehouse & Premises
Rateable Value: 19,750

The current Uniform Business Rate for 2016/17 is 49.7p in the pound.

Tenure

Freehold.

Tenancy

The property is occupied by M J Recovery Limited by way of a lease dated 29 April 2015, for a 3 year term expiring 13 May 2018, at a current rent of 25,000 per annum. The lease is excluded from the provisions of Sections 24-28 of the 1954 Act. The tenant has a full repairing responsibility subject to a Schedule of Condition.

EPC

An Energy Performance Certificate is not required.

Planning

The property has been granted planning consent with effect from 22 August 2016 for the storage and dismantling of vehicles. The site is considered to have potential for alternative uses, including residential, subject to planning consents. Applicants are advised to make their own enquiries of Coventry City Council Planning Department.

Sale Price

Offers are invited for the freehold interest, subject to the existing lease, based upon offers in excess of 400,000.

Viewing

Strictly by prior appointment through Reeves & Partners.


More information from this agent

Nearest stations

  • Coventry Arena (0.7 mi)
  • Coventry (2.7 mi)
  • Bedworth (3.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Reeves & Partners Limited, Warwickshire

Reeves & Partners Ltd 2 Euston Place Leamington Spa Warwickshire CV32 4LE

01926 937018 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Coventry Arena (0.7 mi)
  • Coventry (2.7 mi)
  • Bedworth (3.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Reeves & Partners Limited, Warwickshire

Reeves & Partners Ltd 2 Euston Place Leamington Spa Warwickshire CV32 4LE

01926 937018 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 11ALythallsLane. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Reeves & Partners Limited, Warwickshire. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.