93 King William Street, Coventry, CV1 5NQ

Commercial Investment with Development Potential in Coventry

Guide price*


Plus fees

Sold prior

Lot 85 Commercial Investment
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Auction details:

Wednesday 13th March 2019 @ 10:30AM

A Freehold Commercial Investment Property/Redevelopment Opportunity Current Gross Income: £65,000 pa.

Property Description

A city centre commercial investment, with the potential for residential redevelopment, situated in the centre of Coventry within a predominantly retail area.


Ground Floor: Convenience Store with separate Kitchen, Male and Female WCs and Stores to rear.
First Floor: A 70 cover Sushi Bar with Kitchen, Male and Female WCs.
Second Floor: Open Plan Area.
Outside: Large Rear Parking facility and loading area.

Energy Performance Rating



Freehold – Subject to a single Lease.

Tenancy Details

The property is subject to a Lease for 20 years from 3rd July 2018, at a rental of £65,000 per annum. A copy of the Lease will be available within the legal pack.

Auctioneers Note

Please note the Auctioneers have not had the opportunity to inspect the property internally and therefore the accommodation details should not be relied upon.


Strictly by appointment with the Auctioneers.


Unit Sq.m. Sq.ft.
Ground Floor 418.06 4,500
First Floor 371.61 4,000
Second Floor 371.61 4,000
Total Floor Area (approx.): 1161.28 12,500
The Auctioneers have not verified these figures and they should not be relied upon.

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.


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All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.


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The sale of each lot is subject to an administration fee of £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

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