This property is no longer on the market
![019 IMG.jpg](https://media.onthemarket.com/properties/13948748/1465521443/image-0-1024x1024.jpg)
![019 IMG.jpg](https://media.onthemarket.com/properties/13948748/1465521443/image-0-1024x1024.jpg)
![020 IMG.jpg](https://media.onthemarket.com/properties/13948748/1465521443/image-1-1024x1024.jpg)
Retail property (high street)
Property description & features
- Prominent position on busy road.
- Ground floor retail with first floor accommodation.
- Includes rear access.
- £6,600 from first floor accommodation
- Located in Holbrooks
- Connections to nearby transport links
- Brand new FRI lease
The subject property is located within a busy parade of shops fronting on the Holbrook Lane. Based in Holbrooks, this property is in a prominent position on busy road. The location has great transport links to the A444 making for convenient access, and is near to popular locale, such as Coventry Building Society Arena, where increased visibility and foot traffic is sure to be advantageous.
The ground floor is tenanted with a well established hair and beauty salon however they will be vacating at the end of December. Potentially they can vacate sooner should the new tenant requires possession before end of December.
The first floor is also tenanted and is producing a rental income of £6,600 per annum (£550 per month). Average flats rents in the area are demanding approximately £7,800 per annum (£650 per monthy).
3 months' rent as deposit and 3 months' rent upfront is required.
Rent:
£18,000 per annum.
Tenure
New effective full, repairing and insuring lease will be granted for a term of years to be agreed.
Legal Fees
The in-going tenant will be responsible for covering the Landlord's reasonable legal costs incurred.
Rateable value:
1 April 2023 to present, £8,200.
EPC.
Energy rating E.
Viewing
Strictly by appointment with the sole agent, Tutis Estates.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 32726836. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Tutis Estates - Coventry.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.