Retail Property (out of town) for sale

Holbrook Lane, Coventry, West Midlands, CV6

Offers in Region of £350,000

Property Description

Key features

  • Fully let producing 26,000 per annum
  • A5 retail property let on a FRI lease for 29 years from 2008
  • 17 years unexpired
  • 3 yearly rent reviews ( no break clauses)
  • Prominent location

Full description

DESCRIPTION
 The property comprises a retail unit, benefitting from A5 takeaway consent and currently trades as a Pizza takeaway. To the first floor there is ancillary accommodation and the property is fully let, producing a total of £26,000 per annum.

TENANCIES
The property is let on a 29 year full repairing and insuring  lease from 14/11/2008  until 13/11/2037, at a passing rent of 26,000
A copy of the lease is  available upon request.

TENURE
Freehold

GUIDE PRICE 
£350,000 for the freehold interest, subject to the existing tenancy. A purchase at this level would represent a net initial yield of 7.16% after purchasers costs of 3.8%

LOCATION
The property occupies a prominent mid parade position with a retail parade on Holbrook Lane, which feeds off the main A444 via Holbrook Way. The property is located approximately 1km north east of the city centre in the district of Holbrook.

DISCALIMER
All services have not and will not be tested

VAT
VAT may or may not be applicable. Purchasers should satisfy themselves in this regard.

EPC
Available upon request.

MONEY LAUNDERING REGULATIONS
In accordance with Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.


More information from this agent

Nearest stations

  • Coventry Arena (0.6 mi)
  • Bedworth (3.0 mi)
  • Coventry (3.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bond Wolfe, Commercial

2nd Floor 75-77 Colmore Row Birmingham B3 2AP

0121 396 0838 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 (0.6 mi)
  • Bedworth (3.0 mi)
  • Coventry (3.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bond Wolfe, Commercial

2nd Floor 75-77 Colmore Row Birmingham B3 2AP

0121 396 0838 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 309HolbrookLane. 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 Bond Wolfe, Commercial. 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.

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