SOLD STC
High street retail property for sale
Unicorn Avenue, Coventry
£185,000
£202.19 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
915 sq ft
85 sq m
- SECTOR
High street retail property for sale
Key features
- Investment with tenant in situ
- Lease term until 2042 (with break clause)
- Approx. 914.93 sq ft (85m²)
- Retail space with storage and W/C
- Parking for two vehicles
- Annual rental income of £14,000
- EPC RATING B
Description
This well-presented ground floor retail unit offers an excellent investment opportunity with a long-term tenant in place on a lease running until 2042 (subject to break clauses). The property extends to approximately 914.93 sq ft (85m²) and comprises a welcoming retail area, storage space, W/C facilities, and parking for two vehicles.
Constructed in the early 1980s, the premises has been well maintained throughout, featuring a modern shopfront with bi-folding windows providing excellent natural light and visibility. The space is clean, tidy, and well suited to a range of retail uses.
Currently producing an annual rental income of £14,000, this property offers a secure and appealing return for an investor seeking a steady income from a well-established occupier.
Location - The property is situated on Unicorn Avenue, a popular local parade within a residential area of Coventry, benefitting from steady passing traffic generated by nearby amenities including a local school, public house, and various convenience shops. The area provides an excellent balance of local community trade and accessibility. Unicorn Avenue lies within easy reach of Coventry city centre and enjoys good transport links to surrounding areas, making it a convenient and desirable retail location for both occupiers and investors alike.
Description - This well-presented ground floor retail unit offers an excellent investment opportunity with a long-term tenant in place on a lease running until 2042 (subject to break clauses). The property extends to approximately 914.93 sq ft (85m²) and comprises a welcoming retail area, storage space, W/C facilities, and parking for two vehicles.
Constructed in the early 1980s, the premises has been well maintained throughout, featuring a modern shopfront with bi-folding windows providing excellent natural light and visibility. The space is clean, tidy, and well suited to a range of retail uses.
Currently producing an annual rental income of £14,000, this property offers a secure and appealing return for an investor seeking a steady income from a well-established occupier.
Business Rates - The current rateable value is: £11,250
Services - It is understood that electric, water and water drainage are connected to the property. All interested parties are advised to make their own enquiries with the suppliers to ensure continuity of supply.
Epc - Rated B: 49
Vat - This property is not elected for VAT
Legal Costs - Each party to pay their own legal costs in association with the transaction
Important Information - We are required by HMRC to conduct anti-money laundering checks on all parties with an interest in the property and accordingly we will require forms of identification in due course.
Particulars: These Particulars do not constitute an offer or contract and should not be relied upon as being factually accurate, the photographs show only part of the property and the areas, measurements and distances given are approximately only. A buyer or a lessee must make their own enquiries or inspections and should not solely rely on these Particulars or other statements by Sheldon Bosley Knight.
VAT: The VAT position relating to the property may change without notice.
Constructed in the early 1980s, the premises has been well maintained throughout, featuring a modern shopfront with bi-folding windows providing excellent natural light and visibility. The space is clean, tidy, and well suited to a range of retail uses.
Currently producing an annual rental income of £14,000, this property offers a secure and appealing return for an investor seeking a steady income from a well-established occupier.
Location - The property is situated on Unicorn Avenue, a popular local parade within a residential area of Coventry, benefitting from steady passing traffic generated by nearby amenities including a local school, public house, and various convenience shops. The area provides an excellent balance of local community trade and accessibility. Unicorn Avenue lies within easy reach of Coventry city centre and enjoys good transport links to surrounding areas, making it a convenient and desirable retail location for both occupiers and investors alike.
Description - This well-presented ground floor retail unit offers an excellent investment opportunity with a long-term tenant in place on a lease running until 2042 (subject to break clauses). The property extends to approximately 914.93 sq ft (85m²) and comprises a welcoming retail area, storage space, W/C facilities, and parking for two vehicles.
Constructed in the early 1980s, the premises has been well maintained throughout, featuring a modern shopfront with bi-folding windows providing excellent natural light and visibility. The space is clean, tidy, and well suited to a range of retail uses.
Currently producing an annual rental income of £14,000, this property offers a secure and appealing return for an investor seeking a steady income from a well-established occupier.
Business Rates - The current rateable value is: £11,250
Services - It is understood that electric, water and water drainage are connected to the property. All interested parties are advised to make their own enquiries with the suppliers to ensure continuity of supply.
Epc - Rated B: 49
Vat - This property is not elected for VAT
Legal Costs - Each party to pay their own legal costs in association with the transaction
Important Information - We are required by HMRC to conduct anti-money laundering checks on all parties with an interest in the property and accordingly we will require forms of identification in due course.
Particulars: These Particulars do not constitute an offer or contract and should not be relied upon as being factually accurate, the photographs show only part of the property and the areas, measurements and distances given are approximately only. A buyer or a lessee must make their own enquiries or inspections and should not solely rely on these Particulars or other statements by Sheldon Bosley Knight.
VAT: The VAT position relating to the property may change without notice.
Brochures
Unicorn Avenue, Coventry
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Tile Hill Station1.7 miles
- Canley Station1.7 miles
- Coventry Station2.9 miles
Notes
These notes are private, only you can see them.
Disclaimer - Property reference 34311256. 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.
Map data ©OpenStreetMap contributors.