960 Foleshill Road And Parkstone Road, Coventry, Coventry, CV6 6EN

Description

The subject site and buildings were, until recently, occupied by Coventry Timber as a yard/trade counter and workshop.

Having site area of 1.22 acres the site benefits from two access points as well as a canal frontage to the rear.

On the Foleshill Road frontage is a bespoke modern trade counter unit including ancillary offices constructed around 2017.

To the rear of the site with a secondary access are a series of workshops and warehousing plus staff accommodation.

The remainder of the site comprises extensive yardage and parking with a mixture of concrete and hardcore surfaces. The design includes a concrete roadway facilitating in and out vehicle movement between the two access gates.

The site is bounded by steel security palisade fencing.

Location

The subject property is located in a prime position fronting Foleshill Road/Longford Road close to the A444 Jimmy Hill Way. There is a secondary access into the site from Parkstone Road.

The buildings are therefore approximately one mile to the south of junction 3 of the M6 motorway and 2.5 miles to the north of Coventry city centre.

The site backs onto the Coventry Canal.

Services

Mains electricity, water and drainage are connected to the property.

Tenure

The property is for sale freehold with vacant possession. There are two separate freehold Titles.
The front of the site comprising the trade counter and offices plus yardage is VAT elected and VAT will be payable on this portion of the price. In contrast the rear workshop, warehousing and yardage will not attract VAT.

Planning

Planning consent for the erection of a two-storey building for use as offices, storage and trade sales was granted by Coventry City Council in July 2016 (Reference: 2016/1337). The remainder of the site is assumed to have an established planning use under Class E.

Rates

Parkstone Road - RV £56,500
Foleshill Road - RV ?


Legal Costs

Each party will be responsible for their own legal costs associated with this transaction

EPC

Trade counter and office building to the front has an EPC of B 38

1.22 acre site

Potential residential development

Modern Trade Counter Fronting Foleshill Road

Ancillary Workshops/Warehousing with secondary access from Parkstone Road

Total Gross Internal Area: 11,184 sq.ft (1,039 sq.m)

Bounded by Steel Security Palisade Fencing

£1,300,000