A multi-let mixed use property situated in the heart of Coventry fronting Corporation Street fully redeveloped in 2019.
Prominent café, bars and restaurants in self-contained commercial units with external undercover seating.
Let to four tenants on long leases with an AWULT of 10.9 years and a passing rent of £156,810 per annum.
Basement accommodation available through separate negotiation providing a value add opportunity
Offers in excess of £1,650,000 (One Million Six Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT reflecting a net initial yield of 9% and a low capital value of £165 per sq ft assuming purchasers’ costs of 6.16%.