Basement, The Co-Operative Building 18 Corporation Street Coventry Warwickshire CV1 1GF

Basement, The Co-Operative Building
18 Corporation Street
Coventry
Warwickshire
CV1 1GF

  • Basement, The Co-Operative Building<br>18 Corporation Street<br>Coventry<br>Warwickshire<br>CV1 1GF

City Centre Change of Use/Development Opportunity

  • Central City Location
  • Asset Management Opportunity
  • Comprises approximately 1,460.05 sq m (15,716 sq ft) over ground and basement floors
  • Potential for a variety of uses
  • VAT-Free Opportunity
  • Lot
    39
  • Auction
    13/Dec/2021
  • Vacant Possession
  • Status
    Sold Post
  • Price*
     
  • Sector
    Development
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
18 miles south-east of Birmingham
Roads
A45, A444, M6
Rail
Coventry
Air
Coventry, Birmingham International
Situation

Coventry is the second largest city in the Midlands & 11th largest city in the UK, it is also the UK 2021 City Of Culture, located approximately 18 miles east of Birmingham. Coventry is an expanding University City with more than 27,000 residential students. The property is situated in a central location close to Lower Precinct Shopping Centre with retailers including Home Bargains, Pandora, The Entertainer and British Heart Foundation.

Tenure

Long Leasehold. Held for a term of approximately 246 years from 6/08/2021 to and including 31/07/2267 at a peppercorn rent.

Location
Miles
18 miles south-east of Birmingham
Roads
A45, A444, M6
Rail
Coventry
Air
Coventry, Birmingham International
Situation

Coventry is the second largest city in the Midlands & 11th largest city in the UK, it is also the UK 2021 City Of Culture, located approximately 18 miles east of Birmingham. Coventry is an expanding University City with more than 27,000 residential students. The property is situated in a central location close to Lower Precinct Shopping Centre with retailers including Home Bargains, Pandora, The Entertainer and British Heart Foundation.

Tenure

Long Leasehold. Held for a term of approximately 246 years from 6/08/2021 to and including 31/07/2267 at a peppercorn rent.

Description

The property comprises a shell basement with ground floor access at the Co-Operative Development. There is potential to install a reception area at ground floor level. The basement has potential for a number of uses, subject to all necessary consents. The vendor has a scheme designed and consented from the City Council under the user clause in the head lease to convert the space into a serviced office, of which plans are available on request.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at www.acuitus.co.uk.

Description

The property comprises a shell basement with ground floor access at the Co-Operative Development. There is potential to install a reception area at ground floor level. The basement has potential for a number of uses, subject to all necessary consents. The vendor has a scheme designed and consented from the City Council under the user clause in the head lease to convert the space into a serviced office, of which plans are available on request.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor Gross Internal Floor Areas
(Approx)
Possession
Basement
Ground
1,371.98 sq m
88.07 sq m
(14,768 sq ft)
(948 sq ft)
VACANT
Total
1,460.05 sq m
(15,716 sq ft)
 

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    23.11.21
    File Size
    791 KB
    View PDF
  • Site Plan
    Updated Date
    23.11.21
    File Size
    890 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
George GoucherGeorge Goucher +44 (0)20 7034 4860 +44 (0)7513 610 710george.goucher@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Eversheds Sutherland LLP 115 Colmore Row
Birmingham
B3 3AL
Daniel Jones +44 (0)121 232 1034DanielJones@eversheds-sutherland.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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