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The Grapes Hotel, 85 Radford Road, Coventry CV6 3BP

POA

Loveitts Commercial, Coventry
SIZE AVAILABLE
8,181 sq. ft.
(760 sq. m.)
SECTOR
Hospitality facility for sale
USE CLASS
Use class orders: A4 Drinking Establishments
A4

Key features

  • Area - 759.92 sq.m. (8180 sq.ft.)
  • Price - Offers Invited
  • Plot Sit Area .....approx.
  • Property In Need Of Modernisation
  • Use - Specifically Public House, Restaur

Property description

Tenure: Freehold

The property is situated at the junction of Fynford Road and Bridgeman Road adjacent to a raised section of the B4098 Radford Road approximately half a mile north of the Coventry City Centre Ring Road. This is a high profile corner position with the property enjoying some prominence, albeit set back from the main Radford Road itself. The Coventry city centre is within 1/2 mile.

The property comprises a substantial corner positioned public house providing lounge and bar room facilities at ground and first floor level with associated w.c. facilities and kitchen, cellar and with proprietor's living accommodation at the rear extending across three floors.

The property, which is classed as an Asset of Community Value under Part 5, Chapter 3 of the Localism Act (2011), has suffered significant fire damage in recent times and is now in substantial disrepair necessitating major expenditure on upgrading, modernisation and reinstatement, so in these circumstances offers for the freehold (which must specifically be for a public house with ancillary restaurant) must be accompanied by a robust business plan supporting the viability of the project.

Specifically any sale will be subject to a restrictive covenant only allowing the above permitted uses and also an overage clause which would deliver to the vendors a premium payment based on any determined uplift in value brought about by an alternative development if the proposed restrictive covenant was successfully challenged in due course.



Accommodation:
Ground Floor: 4,397.00 sqft
First Floor: 3,354.00 sqft
Second Floor: 430.00 sqft
Total: 8,181.00 sqft

Brochures

The Grapes Hotel, 85 Radford Road, Coventry CV6 3BP

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Coventry Station1.3 miles
  • Canley Station1.8 miles
  • Coventry Arena Station2.2 miles

About Loveitts Commercial, Coventry

29 Warwick Row, Coventry, CV1 1DY

Coventry & West Midlands Commercial Property Services

The industry experienced and dynamic Commercial Team at Loveitts provide a professionally accountable service acting for a wide range of corporate clients, private clients, charities and companies. In addition to our expertise in commercial agency, we offer the following comprehensive range of property services:

• Acquisition and Disposal advice

• Investment advice

• Valuations for Sale/Purchase, Secured Lend

More properties from Loveitts Commercial, Coventry

Notes

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Disclaimer - Property reference 113053. 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 Loveitts Commercial, Coventry. 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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