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6 Unicorn Ave 700 SF Retail Condo Unit Offered at $246,575 in Coventry CV5 7GH
INVESTMENT HIGHLIGHTS
- Popular local parade
- Good transport links
- Excellent balance of local community trade and accessibility
EXECUTIVE SUMMARY
The property is situated on Unicorn Avenue, a popular local parade within a residential area of Coventry, benefitting from steady passing traffic generated by nearby amenities including a local school, public house, and various convenience shops. The area provides an excellent balance of local community trade and accessibility. Unicorn Avenue lies within easy reach of Coventry city centre and enjoys good transport links to surrounding areas, making it a convenient and desirable retail location for both occupiers and investors alike.
PROPERTY FACTS
| Total Building Size | 869 SF | Typical Floor Size | 820 SF |
| Property Type | Retail (Condo) | Year Built | 1981 |
| Property Subtype | Storefront | Tenancy | Single |
| Building Class | B | Lot Size | 0.10 AC |
| Floors | 2 |
| Total Building Size | 869 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 820 SF |
| Year Built | 1981 |
| Tenancy | Single |
| Lot Size | 0.10 AC |
AMENITIES
- Security System
- Automatic Blinds
1 UNIT AVAILABLE
Unit 6
| Unit Size | 700 SF | Tenure | Freehold |
| Price | $246,575 | Cap Rate | 7.57% |
| Price Per SF | $352.25 | NOI | $18,659.70 |
| Condo Use | Retail | No. Parking Spaces | 2 |
| Sale Type | Investment |
| Unit Size | 700 SF |
| Price | $246,575 |
| Price Per SF | $352.25 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 7.57% |
| NOI | $18,659.70 |
| No. Parking Spaces | 2 |
DESCRIPTION
This well-presented ground floor retail unit offers an excellent investment opportunity with a long-term tenant in place on a lease running until 2042 (subject to break clauses). The property extends to approximately 914.93 sq ft (85m²) and comprises a welcoming retail area, storage space, W/C facilities, and parking for two vehicles.
Constructed in the early 1980s, the premises has been well maintained throughout, featuring a modern shopfront with bi-folding windows providing excellent natural light and visibility. The space is clean, tidy, and well suited to a range of retail uses.
SALE NOTES
Currently producing an annual rental income of £14,000, this property offers a secure and appealing return for an investor seeking a steady income from a well-established occupier.
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Interior Photo
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Interior Photo
NEARBY MAJOR RETAILERS
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6 Unicorn Ave
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