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1A Leicester Causeway, Coventry CV1 4GU

£500,000

Description

  • Land

The subject property is located in the Bishopsgate Green district of Coventry being easily accessed off Coventry's Inner Ring Road (the A4053) via Foleshill Road (the B4113) and Harnall Lane West.

This is a mixed residential and commercial district served by local shops and with a number of community uses and religious institutions also represented locally.

The Coventry city centre is approximately 1.5 miles distant.

This is an existing commercial site with a long standing history of vehicle maintenance and repair and with an existing house at the entrance divided into two 1 bedroomed flats and currently producing a gross rent of £11,580 per annum. This property is potentially avaiable in addition.

The existing commercial buildings extend to circa 217.81 sq m (2,345 sq ft) approx, there a 9 existing dilapidated lock up garages on the site and an extensive area of hardstanding with a fuel pump (and tank) near the entrance.

Alternatively, the site is considered to represent a possible residential development opportunity (subject to planning) extending to approximately 0.223 HA (0.551 acres) to exclude the house.

Specifically, a feasibility study has now been carried out by Callingham Architects (attached to these particulars and sitting behind the 'Other' link at the bottom of the details), providing for 2 possible residential schemes at this address. i.e:-

1) A scheme of one single 3 bedroomed detached house and 1twelve 1 bedroomed flats and 2) A scheme of four, 3 bedroomed semi detached houses, one 3 bedroomed detached and one 4 bedroomed detached house.

Prospective buyers would obviously need to satisfy themselves as to the likelihood of their securing planning for either of these suggested schemes or indeed any alternative scheme (e.g. assisted living/care.

Accommodation:
Land: 24,002.00 sqft

Key Facts

Residential Development Possibility Convenient City Centre Location 0.223 HA (0.551 acres) overall
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