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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
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