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Enterprise Rent-a-car, Lockhurst Lane, Coventry

Guide Price
£950,000

£49.71 per sq ft

Business rates & charges may apply

Savills, Savills Auctions- Commercial
SIZE AVAILABLE

19,111 sq ft

1,775 sq m

SECTOR

Mixed use property for sale

Key features

  • High Yielding Retail Investment
  • Investment let at £70,000 per annum (7.36% on guide price)
  • Approx. 19,111 sq ft (0.438 acres)
  • Prominent corner position on busy arterial road
  • Comprising office buildings and yard for parking vehicles
  • Let to Enterprise on a 20 year FRI lease from 2024
  • Rent reviews every 5 years
  • The lease is outside the Landlord and Tenant Act 1954
  • The tenant is committing over £400,000 of works to redevelop the site
  • Further development potential (subject to requisite consents)

Description

The property is situated on the northern fringe of Coventry and occupies a prominent main road position fronting directly onto the busy B4118 Lockhurst Lane at its junction with Kingfield Road in a busy, built up and densely populated commercial area alongside a large trading estate and surrounded by residential development.

Lockhurst Lane is a busy arterial route into the City Centre with the A444 Phoenix Way North - South Road easily accessible along with the M6 Motorway at Junction 3, which is approximately 2½ miles to the north.

Nearby occupiers include HiQ Autocentre, BP/Morrison, HSS Hire Shops. The Coventry City Centre itself is approximately 1½ miles distant.

Transport
Coventry Station - Avanti West Coast, CrossCountry, West Midlands Railway.

Brochures

Enterprise Rent-a-car, Lockhurst Lane, Coventry

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Coventry Arena Station1.3 miles
  • Coventry Station2.0 miles
  • Canley Station2.8 miles

About Savills, Savills Auctions- Commercial

33 Margaret Street, London, W1G 0JD

Notes

These notes are private, only you can see them.

Disclaimer - Property reference BBE2AA8B-2DE7-4BE7-8A3B-845FA39AD384. 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 Savills, Savills Auctions- 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.

Map data ©OpenStreetMap contributors.

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