Property photos
Just added
Auction
From
£950,000
Property for sale
Lockhurst Lane, Coventry CV6Local area information
Property location
Nearby amenities
- St Elizabeth's Catholic Primary School, Foleshill 0.3 miles
- Joseph Cash Primary School 0.4 miles
- Coventry Arena 1.4 miles
- Coventry 2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Coventry to find out more about the local area.
Features and description
- High Yielding Retail Investment
- A freehold property
- Approx. 19,111 sq ft (0.438 acres)
- Prominent corner position on busy arterial road
- Comprising office buildings and yard for parking vehicles
- Let to Enterprise on a 20 year Fri lease from 2024
- Rent reviews every 5 years
- The lease is outside the Landlord and Tenant Act 1954
- The tenant is committing over £400,000 of works to redevelop the site
- Further development potential (subject to requisite consents)
- Investment let at £70,000 per annum (7.36% on guide price)
Strapline
Auction Sale - 22/07/2025
High Yielding Retail Investment.
A freehold property of approx. 19,111 sq ft (0.438 acres) comprising office buildings and yard for parking vehicles.
Let to Enterprise on a 20 year Fri lease from 2024, with 5 yearly rent reviews.
Investment let at £70,000 per annum (7.36% on guide price)
Location
The property is situated on the northern fringe of Coventry and occupies a prominent main road position fronting directly onto the busy B4118 Lockhurst Lane at its junction with Kingfield Road in a busy, built up and densely populated commercial area alongside a large trading estate and surrounded by residential development.
Lockhurst Lane is a busy arterial route into the City Centre with the A444 Phoenix Way North - South Road easily accessible along with the M6 Motorway at Junction 3, which is approximately 21⁄2 miles to the north.
Nearby occupiers include HiQ Autocentre, bp/Morrison, hss Hire Shops. The Coventry City Centre itself is approximately 11⁄2 miles distant.
Transport
Coventry Station - Avanti West Coast, CrossCountry, West Midlands Railway.
Tenancy
The property is let to Enterprise for £70,000 per annum on a fully repairing and insuring lease for a term of 20 years commencing November 2024, with rent reviews every 5 years.
Please note the lease is outside the Landlord and Tenant Act 1954.
Planning
On 31/07/2024 Coventry City council granted planning for replacement rental vehicle wash bay, demolition of existing modular office building and site reconfiguration and associated works.
Planning Ref: Pl/2024/0001087/ful
Click here for planning portal
Auction Sale - 22/07/2025
High Yielding Retail Investment.
A freehold property of approx. 19,111 sq ft (0.438 acres) comprising office buildings and yard for parking vehicles.
Let to Enterprise on a 20 year Fri lease from 2024, with 5 yearly rent reviews.
Investment let at £70,000 per annum (7.36% on guide price)
Location
The property is situated on the northern fringe of Coventry and occupies a prominent main road position fronting directly onto the busy B4118 Lockhurst Lane at its junction with Kingfield Road in a busy, built up and densely populated commercial area alongside a large trading estate and surrounded by residential development.
Lockhurst Lane is a busy arterial route into the City Centre with the A444 Phoenix Way North - South Road easily accessible along with the M6 Motorway at Junction 3, which is approximately 21⁄2 miles to the north.
Nearby occupiers include HiQ Autocentre, bp/Morrison, hss Hire Shops. The Coventry City Centre itself is approximately 11⁄2 miles distant.
Transport
Coventry Station - Avanti West Coast, CrossCountry, West Midlands Railway.
Tenancy
The property is let to Enterprise for £70,000 per annum on a fully repairing and insuring lease for a term of 20 years commencing November 2024, with rent reviews every 5 years.
Please note the lease is outside the Landlord and Tenant Act 1954.
Planning
On 31/07/2024 Coventry City council granted planning for replacement rental vehicle wash bay, demolition of existing modular office building and site reconfiguration and associated works.
Planning Ref: Pl/2024/0001087/ful
Click here for planning portal
More information
Listed by
Savills - National Auctions
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Savills - National Auctions. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Savills - National Auctions for full details and further information.