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Retail premises for sale in Humber Road, Coventry

Investment

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Retail premises for sale

2,360 sq. ft*

Property features

Freehold
6 Bedroom HMO
Ground Floor Studio Flat
Investment Purchase
Gross Rental Income: £53,730

Property description

Sri Kanth Properties are pleased to bring to the market this mixed-use property in Coventry, ideal for investment. The gross yield on investment is an attractive 9.7%, perfect for investors looking to cash in on a gross rental of £53,730 per annum (details below).

Ground Floor
The property consists of a ground floor retail/convenience store currently let on a lease expiring in 2029.
The rear of the store leads to an ensuite studio with kitchenette and a large shared kitchen, a utility room and shower room.

First Floor
There are 6 ensuite bedrooms which are HMO registered, renovated to modern standards and fully furnished.

The Total Gross Annual Rent (at full occupancy) per annum: £53,730

Break Down (per annum)
Retail Premises: £8,970
Studio: £8,760
6 Ensuite Bedrooms: £36,000

Located on a high footfall area of Coventry, Humber Road is located just East of Coventry city centre, less than a mile away from Coventry University and one bus ride away from the city.
There is ease of access to the location via motorways; M69, M6 and M40 and Coventry Rail Station is less than 2 miles away.

For more details or to arrange a viewing, please contact Sri Kanth Properties.

Floorplan(s): Floorplan 1 Floorplan 2 Floorplan 3

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Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Sri Kanth Properties, and do not constitute property particulars. Please contact Sri Kanth Properties for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.