Tue, 27 Jul 2010 | BUSINESS SALE
Ideal for an investor looking for a buy and let opportunity, a prominent retail and residential property in Coventry has come onto the market.
The freehold property and retail investment in Barkers Butts Lane, Coundon, has been made available for sale through commercial property specialist Shortland Horne.
Situated at the heart of a busy retail parade with strong passing trade, the development includes 1,068 sq ft of retail space, 929 sq ft of residential space and its own car park. It is available with vacant possession, with offers invited in the region of £335,000.
The residential space comprises two individual ground floor retail units and two one-bedroom flats on the first floor with separate access.
The opportunity will appeal to an investor looking to purchase the residential and retail elements of the property before letting them out.
It could also appeal to an owner occupier who will choose to base their own business in the retail units whilst making the most of the investment opportunity provided by the flats.
Shortland Horne highlights its desirable location, with banks and other retail outlets nearby and the Alvis Retail Park just a few minutes’ drive down the road. There is a very strong residential catchment area which adds to the attraction of the development commercially.
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