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Property for sale

New Union Street, Coventry

Sold STC £150,000

Property Description

Key features

  • Commercial office investment property
  • Long head lease until April 2067
  • Sub-tenants pay service charge & ground rent
  • Ground & second floor currently let
  • Ground floor circa 72.4 sq.m net internal
  • Upper floors each circa 63.6 sq.m net internal

Full description

COMMERCIAL INVESTMENT PROPERTY

A three storey city centre commercial investment property built in the late 1960's as part of this parade of professional offices. The ground floor is currently let for 10 years until 24 December 2020 and is occupied as an estate agents office. The second floor is currently let until 24 April 2019. The first floor is currently vacant. The ground floor extends to approximately 72.40 sq.m (net internal) and the first and second floors to approximately 63.60 sq.m (net internal) each.

The premises are held on a long lease from Professional Precincts Limited until April 2067 at a current ground rent of £2368 per annum (plus VAT) . The rental income from the ground floor is currently £10,125 per annum. That from the second floor is currently £1,800 per annum. The ground rent and service charge due is passed on to and is payable pro rata by the tenants.

Ground Floor -

Reception Area - With full width glazed shop front.

Office Suite - Partitioned into three rooms.

Ancillary Facilities - Comprising WC's, kitchen and store areas.

First Floor -

Office Area - Partitioned into four rooms.

Ancillary Facilities - Comprising WC, kitchen and store.

Second Floor -

Office Area - Partitioned into three rooms.

Ancillary Facilities - Comprising WC, kitchen and store.

Location - New Union Street runs into the city centre from ring road junction 5 and the premises are on the left hand side. Coventry railway station is within walking distance.


More information from this agent

Listing History

Added on Rightmove:
05 October 2018

Nearest stations

  • Coventry (0.3 mi)
  • Canley (1.6 mi)
  • Coventry Arena (3.0 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Payne Associates, Coventry

20 New Union Street Coventry, CV1 2HN

02475 060126 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Coventry (0.3 mi)
  • Canley (1.6 mi)
  • Coventry Arena (3.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Payne Associates, Coventry

20 New Union Street Coventry, CV1 2HN

02475 060126 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 28245697. 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 Payne Associates, 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.

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