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Holbrook Lane, Coventry, West Midlands, CV6

Offers in Region of
£350,000

Business rates & charges may apply

Bond Wolfe, Commercial
SECTOR
Out-of-town retail property for sale

Key features

  • A3/A5 two storey retail investment for sale.
  • Fully let producing £26,000 per annum
  • Let on a FRI lease for 15 years from 2010
  • 3 yearly rent reviews ( no break clauses)
  • Prominent location

Property description

DESCRIPTION
 The property comprises a two storey retail unit, benefitting from A3/A5 consent and currently trades as a restaurant. To the ground floor there is a restaurant and kitchen with additional seating area to the first floor. The property is fully let , producing a total of £26,000 per annum.

TENANCIES
The property is let on a 15 year full repairing and insuring  lease from 17/06/2010 until 16/06/2025 at a passing rent of 26,000

A copy of the lease is  available upon request.

TENURE
Freehold

GUIDE PRICE
£350,000 for the freehold interest, subject to the existing tenancy. A purchase at this level would represent a net initial yield of 7.16% after purchasers costs of 3.8%

LOCATION
The property occupies a prominent mid parade position with a retail parade on Holbrook Lane, which feeds off the main A444 via Holbrook Way. The property is located approximately 1km north east of the city centre in the district of Holbrook.

DISCALIMER
All services have not and will not be tested

VAT
VAT may or may not be applicable. Purchasers should satisfy themselves in this regard.

EPC
Available upon request.

MONEY LAUNDERING REGULATIONS
In accordance with Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.

Energy Performance Certificates

EPC 1

Brochures

Holbrook Lane, Coventry, West Midlands, CV6

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Coventry Arena Station0.6 miles
  • Bedworth Station3.0 miles
  • Coventry Station3.1 miles

About the agent

Bond Wolfe, Commercial

2nd Floor 75-77 Colmore Row Birmingham B3 2AP

Bond Wolfe, Commercial

Bond Wolfe is a multi-disciplined property business specialising in property Auctions and property Agency with our head office based in Birmingham. Many of our highly experienced and dedicated team have been with the business for over 30 years.

We are truly proud of our Midlands roots and honoured to have represented the region since 1983. We also act for many clients across the UK and overseas too. Bond Wolfe has a great track record of selling, letting and managing property up and dow

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Notes

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Disclaimer - Property reference 311HolbrookLane. 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 Bond Wolfe, 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.

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