Wheelwright Lane, Coventry

Freehold commercial at £136,500 with £12,000 p.a. income agreed from 3rd March — a rare Coventry investment at an 8% yield.

For Sale by Auction – Rare Commercial Investment Opportunity

113 Wheelwright Lane, Coventry, CV6 4HN
Guide Price: £136,500 | Freehold | Tutis Auctions

A standout opportunity to secure a freehold commercial premises in Coventry at an attractive price point, with a clear and improving income profile. The property offers a prominent frontage, flexible internal layout, and is arranged to provide two distinct retail areas.

The front shop was previously used as a mobile phone shop and is currently vacant, however a licence is in place for occupation from 3rd March at £500 per month. The rear section is already occupied on a licence and is generating £500 per month.

The accommodation extends to approximately 55.2 m² (593 ft²) and includes ancillary storage, kitchen and WC facilities — offering flexibility for continued retail use, adaptation, or future reconfiguration (subject to the usual consents).

Income Summary (Licence Arrangements)

Rear section: licence income of £500 pcm (currently being paid)

Front section: vacant but due to be occupied from 3rd March on a licence at £500 pcm

Total projected income: £1,000 pcm / £12,000 per annum

Approx. yield: 8%

Opportunities to acquire a freehold commercial unit with near-term income in place at this level are genuinely scarce. Early registration is strongly advised.

Viewing Arrangements

Viewings are strictly by appointment with Tutis Auctions. Prior to arranging a viewing, prospective purchasers will be required to provide proof of funds or an agreement in principle.