Wheelwright Lane, Coventry
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Freehold mixed-use commercial premises.
- Prominent trading position on Wheelwright Lane, Coventry.
- Arranged as two occupiers – mobile phone shop (front) and florist (rear).
- Approx. 55.2 m² (593 ft²) of flexible retail accommodation.
- Ancillary facilities including storage, kitchen and WC.
- Current passing rent c.£9,600 per annum.
- Strong rental growth potential – estimated market rent c.£16,000 per annum.
- EPC Rating: E (111).
- Rateable Value: £8,000 (April 2023).
- Guide Price: £150,000 – excellent entry-level investment opportunity.
Description
113 Wheelwright Lane, Coventry, CV6 4HN
Guide Price: £150,000 | Freehold | Tutis Auctions
Freehold commercial premises in Coventry at this price point are exceptionally rare. Offering dual retail use with a prominent frontage and established trades in occupation, this property presents a standout opportunity for investors seeking a well-priced entry into the commercial property market.
Arranged as a mobile phone shop to the front and a florist to the rear, the premises provide approximately 55.2 m² (593 ft²) of flexible accommodation including ancillary storage, kitchen and WC facilities. The property is currently income-producing, with strong potential to uplift rents to around £16,000 per annum through lease restructuring, thereby enhancing both income and capital value.
Guided at £150,000, this is a rare chance to secure a freehold commercial investment in Coventry with genuine asset management upside. Opportunities of this nature are limited and highly sought-after. 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.
Brochures
Wheelwright Lane, Coventry
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Coventry Arena Station0.7 miles
- Bedworth Station2.7 miles
- Coventry Station3.4 miles
Notes
Disclaimer - Property reference 34195094. 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 Tutis Estates, 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Tutis Estates, Coventry on 024 7601 3534.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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