Lower Prec
Coventry CV1 1DS
Lower Precinct Shopping Centre · Retail Property For Sale



INVESTMENT HIGHLIGHTS
- The city centre is experiencing substantial regeneration, including the City Centre South project.
- The property benefits from a gross income of £2,231,116 per annum
- The centre is fully let following recent lettings to Flip Out and Putt Putt Social.
EXECUTIVE SUMMARY
We are instructed to seek offers for the Long leasehold interest of £9.22 Million reflecting a net initial yield off 10% and a lo capital value of £42 per sq ft
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront
Building Size
221,600 SF
Building Class
B
Year Built/Renovated
1958/2002
Price
$12,562,678
Price Per SF
$56.69
Cap Rate
10%
NOI
$1,256,268
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
1.27
Lot Size
4.00 AC
Parking
524 Spaces (2.36 Spaces per 1,000 SF Leased)
Frontage
70’ on Lower Precinct
AMENITIES
- Food Court
- Property Manager on Site
- Security System
- Storage Space
- Air Conditioning
- Balcony
- On-Site Security Staff