Summary - 309 Holbrook Lane,COVENTRY,CV6 4DG CV6 4DG
1 bed 1 bath Retail Property (out of town)
**Standout Features:**
- Freehold retail property with a favorable A5 takeaway consent.
- Currently leased until 2037, producing £26,000 annually.
- Located in a busy retail parade near Holbrook Lane.
- Excellent transport links and pedestrian traffic.
**Notable Concerns:**
- Lease has 14 years remaining, which may affect mortgage eligibility.
- Property and surrounding area classification indicate potential challenges.
Discover a unique investment opportunity at 309 Holbrook Lane, Coventry, where a well-positioned freehold retail property awaits. This A5 takeaway property currently trades as a pizza takeaway, generating a steady income of £26,000 per year from a long-term tenant under a full repairing and insuring lease until 2037. With 17 years unexpired, it presents a promising income stream and the potential for future rent increases through regular reviews every three years.
Situated in a vibrant retail parade, this property benefits from high visibility and foot traffic, making it an ideal spot for catering to local appetites. The first floor offers ancillary accommodation, maximizing the usability of the space. While the lease term is shorter than some investors might prefer, the excellent location and current revenue can appeal to both seasoned investors and those new to the market looking for a manageable, income-generating asset.
Explore the potential to develop this thriving takeaway business further or consider the flexibility to utilize the first floor for additional commercial activities. With an asking price of £370,000, this opportunity won't last. Secure your spot in this bustling community today and capitalize on the growth potential in a developing area.
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