Summary - Enterprise-rent-a-car, Lockhurst Lane, Coventry CV6 5NY CV6 5NY
1 bed 1 bath Commercial Property
**Standout Features:**
- Freehold commercial property with an expansive footprint of approx. 19,111 sq ft (0.438 acres).
- High-yield investment opportunity, generating £70,000 per annum (7.36% return) on a 20-year FRI lease commencing November 2024 with Enterprise Rent-A-Car.
- Prominent corner location on a busy arterial road, ideal for visibility and accessibility.
- Planning permission granted for redevelopment, including a vehicle wash bay and reconfiguration of the site, providing further potential for investment.
**Summary:**
This expansive freehold commercial property on Lockhurst Lane, Coventry, is an excellent investment opportunity with significant growth potential. Currently leased to Enterprise Rent-A-Car under a secure, long-term agreement at £70,000 per year, the property benefits from a strategic corner location, directly fronting a busy route that enhances visibility. The surrounding commercial area is densely populated with a mix of residential neighborhoods, ensuring a steady flow of potential customers.
Improvements to the site are already underway, with plans for a vehicle wash bay and demolition of outdated structures approved, which could elevate the property’s value further. However, potential buyers should note that financing may be challenging due to the duration left on the current lease, as mortgage lenders often require longer leases to secure loans.
Whether you are an investor seeking high-yield opportunities or a business owner looking to expand, this property offers both security and flexibility for long-term growth. Act swiftly—properties of this caliber, especially with redevelopment potential, are rare in central Coventry and might not be available for long.
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