Fantastic retail premises with 1 bedroom living accommodation to the first floor.
The ground floor is tenanted with a well established hair and beauty salon however they will be vacating at the end of December. Potentially they can vacate sooner should the new tenant requires possession before end of December.
The first floor is also tenanted and is producing a rental income of £6,600 per annum (£550 per month). Average flats rents in the area are demanding approximately £7,800 per annum (£650 per monthy).
Location
The subject property is located within a busy parade of shops fronting on the Holbrook Lane. Based in Holbrooks, this property is in a prominent position on busy road. The location has great transport links to the A444 making for convenient access, and is near to popular locale, such as Coventry Building Society Arena, where increased visibility and foot traffic is sure to be advantageous.
Accommodation
Retail premises with 1 bed living accommodation.
Terms
Rent - £18,000 per annum.
3 months' rent as deposit and 3 months' rent upfront is required.
Tenure - New effective full, repairing and insuring lease will be granted for a term of years to be agreed.
Legal Fees - The in-going tenant will be responsible for covering the Landlord’s reasonable legal costs incurred.
Rateable value - 1 April 2023 to present, £8,200.
EPC - Energy rating E.
Specification
- Prominent position on busy road.
- Ground floor retail with first floor accommodation.
- Includes rear access.
- £6,600 from first floor accommodation
- Located in Holbrooks
- Connections to nearby transport links
- Brand new FRI lease