About this property

Detailed Description

The property is of brick constructions under a pitched slate roof. There is an extension of composite construction to the rear of the premises. The premises comprises a basement, ground & first floor and second floor attic room and is currently occupied by Funeral Partners Limited. There is a rear car parking area also utilised by the Funeral Directors. We consider there is longer term development opportunities.

Location

The premises is situated on the A428 Binley Road which is a prominent arterial route situated to the east of Coventry City Centre providing a key link between the city and the A46 eastern bypass. The road forms part of the major commuter and commercial corridor with excellent connections to the M6, M69 and M1 motorways via the A46.

76-78 Binley Road is an attractive location for a range of commercial occupiers with the areas benefitting from high visibility and consistent footfall. The surrounding areas is of mixed-use commercial/residential with other local businesses independent retailers, take-aways and service providers.

Accommodation

The accommodation comprises:

Ground floor - 2,284 sq ft / 212.28 sq m
First floor - 1,230 sq ft / 114.34 sq m
Second floor - Attic Room - 314 sq ft / 29.21 sq m
Total NIA - 3,828 sq ft / 355.83 sq m

Business Rates

The current Rateable Value for the property is £13,500.  

Services

We understand that the property is connected to mains water, electricity and sewerage. We have not carried out tests on any of the services or appliances and interested parties should arrange their own test to ensure these are in working order.er.  

Viewing

Strictly by appointment with the Selling Agent.

VAT

It is understood that VAT is not applicable.  

Legal Costs

Each party is to be responsible for their own legal cost incurred in documentation the sale.   

Terms

The property is offered for sale with a price guide of £250,000, subject to the occupational lease (business will be unaffected). The property is let to LM Funerals Limited with a passing rent of £15,000 per annum and the car park being let to the same on a separate lease at a rent of £500 per annum. Copies of the leases will be made available to
verified applicants on a confidential basis..