Guide price
£400,000
Land for saleHarnall Lane West, Coventry CV1
Freehold
About this property
Huge Development Potential
No Upward Chain
Popular Location
Spacious premises
Viewing advised
Approx. 418sqm
Description
A rare opportunity to acquire a freehold commercial site extending to approximately 418sqm, offering a combination of existing income, flexible commercial accommodation and significant future development potential.
The property is currently arranged as four distinct units, providing a versatile layout suitable for a range of commercial and light industrial occupiers. The existing configuration offers an attractive income-producing asset, while also providing scope for refurbishment, reconfiguration or alternative use, subject to the necessary planning and statutory consents.
Importantly, the site is being offered without existing planning permission, providing prospective purchasers with a genuine blank canvas to explore future development opportunities. This could include intensification of the existing use, reconfiguration of the accommodation or comprehensive redevelopment, subject to planning permission and other required consents (STPP).
With strong underlying rental demand and the potential to enhance income through lease restructuring, refurbishment or improved management, the property represents an appealing proposition for both investors seeking rental growth and developers looking for longer-term capital uplift.
Key Highlights
- Freehold commercial site extending to approximately 273 sq m
- Currently arranged as four separate commercial units
- Existing infrastructure providing immediate occupational/income potential
- No current planning permission, offering scope for future development proposals STPP
- Potential to increase rental income through refurbishment, reconfiguration or lease renegotiation
- Suitable for a variety of commercial and light industrial uses
- Attractive opportunity for investment, redevelopment or longer-term capital growth
- Located within a promising commercial area with established rental demand
- Flexible asset offering multiple potential exit strategies
- Rare opportunity to acquire a substantial freehold site with significant future potential
Tenure: Freehold
A rare opportunity to acquire a freehold commercial site extending to approximately 418sqm, offering a combination of existing income, flexible commercial accommodation and significant future development potential.
The property is currently arranged as four distinct units, providing a versatile layout suitable for a range of commercial and light industrial occupiers. The existing configuration offers an attractive income-producing asset, while also providing scope for refurbishment, reconfiguration or alternative use, subject to the necessary planning and statutory consents.
Importantly, the site is being offered without existing planning permission, providing prospective purchasers with a genuine blank canvas to explore future development opportunities. This could include intensification of the existing use, reconfiguration of the accommodation or comprehensive redevelopment, subject to planning permission and other required consents (STPP).
With strong underlying rental demand and the potential to enhance income through lease restructuring, refurbishment or improved management, the property represents an appealing proposition for both investors seeking rental growth and developers looking for longer-term capital uplift.
Key Highlights
- Freehold commercial site extending to approximately 273 sq m
- Currently arranged as four separate commercial units
- Existing infrastructure providing immediate occupational/income potential
- No current planning permission, offering scope for future development proposals STPP
- Potential to increase rental income through refurbishment, reconfiguration or lease renegotiation
- Suitable for a variety of commercial and light industrial uses
- Attractive opportunity for investment, redevelopment or longer-term capital growth
- Located within a promising commercial area with established rental demand
- Flexible asset offering multiple potential exit strategies
- Rare opportunity to acquire a substantial freehold site with significant future potential
Tenure: Freehold
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Monthly repayment
£2,000 per month
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