Coventry CV5
£185,000Coventry
Warwickshire
CV1 1DY
Description
- Retail Property (Out of Town)
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.
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.
Accommodation:
Floor Area: 915.00 sqft
Key Facts
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