The Co-Operative, Coventry

Corporation Street, CV1 1GF
Under Offer
The Co-Operative, Coventry
Corporation Street, CV1 1GF
  • 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%.

 

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