Summary - 75-77, RILEY SQUARE CV2 1LY
1 bed 1 bath Shop
**Property Highlights:**
- Ground rent investment with passing rent of £15,500 per annum
- Highly reputable anchor tenant: Farmfoods, one of the best-performing locations
- Substantial size: 11,276 sq ft ground floor retail space + 10,040 sq ft upper storage space
- Free off-street parking, enhancing customer access
- 99-year lease dating from December 1969 (45+ years remaining)
- Urban location in a busy retail environment
This expansive commercial property located at 75-77 Riley Square, Coventry, presents an exceptional investment opportunity. The two-storey building features a prominent ground floor occupied by a high-performing Farmfoods, attracting substantial foot traffic in a vibrant retail atmosphere. Offering over 21,300 square feet of versatile space, this property can accommodate a variety of business ventures, making it a perfect fit for investors seeking a stable income source.
While the lease has over 45 years remaining, potential buyers should note that some mortgage lenders may not finance properties with shorter lease terms. Additionally, the property reflects its 1960s architecture, which may require some modernization. Despite these considerations, the inclusivity of free parking and a bustling location surrounded by various amenities—including healthcare, eateries, and retail stores—adds significant value. Don’t miss this chance to secure a foothold in a highly visited commercial hub!
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