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 13th December 2021
Vacant Possession
Status Sold Post
Price
Sector Development
Auction Venue Live Streamed Auction
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.
