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Unit 12 The Precinct, Coventry, CV1 1NQ

This Property is Currently 'Under Offer'
Unit 12, The Precinct, Coventry - Picture 2019-06-26-14-35-08
Use Class

Use Class

E

Size

Size

1,749 sq ft

Rent pa

Rent pa

£125,000

Prime Retail Unit to Let

The subject property is located in a prime position within The Precinct and is adjacent to H Samuel. Other nearby retailers include River Island, Boots, Primark, JD Sports and Topshop.

  • The premises are situated in the heart of Coventry in a busy pedestrianized location fronting The Precinct

  • The unit benefits from being well positioned adjacent to H Samuel with nearby stores including JD Sports, Moss Menswear, Marks & Spencer, Top Shop, Virgin Media, EE and River Island

The Precinct provides the focus for prime retailing within Coventry City Centre, comprising approximately 90,000 sq ft of space. The Precinct is located close to Primark and the Cathedral Lanes Shopping Centre, home to a number of well known Food and Beverage operators. Other nearby retailers include Moss Bros, River Island, Topshop, JD Sports, Clintons, Footlocker, HMV and Costa Coffee amongst others.

Key Information

Viewing

Strictly by appointment.

Accommodation

1,749 Sq.Ft

The property comprises a well configured sales area to the ground floor with ancillary accommodation to the basement comprising of approximately 1,749 sq ft in total. The Ground floor can be extended to 2,500 sq ft for sales.

Areas
Sq.Ft
Sq.M
Ground Floor - Can be extended to 2,500 for sales
1,345
124
Basement
404
37.5

Financial

Lease Type

New Lease

Lease Term

The premises are available on a new lease for a term to be agreed. The rent will be subject to 5 yearly rent reviews.

Rent

Subject to contract, rental offers are invited in the region of £125000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Rates

We are verbally informed by the Local Rating Authority that the premises have been assessed for rating purposes as shown above. Interested parties are advised to make their own enquiries to the Local Authority.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Service charge

£11,996

Tenure

Leasehold

Rates

Rateable Year:
2021
Rateable Value:
£85,000.00
Rates payable:
£43,520.00
UBR:
51.2p/£

Sustainability

Energy Performance Certificate

C
Note: An accurate EPC value wasn't given for this property, please check with the relevant agent or owner for up-to-date information.

About Coventry

Coventry

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Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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This was last updated on 03/01/2024