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
  • Listing ID: 35403286

  • Date on Market: 4/8/2025

  • Last Updated:

  • Address: Lower Prec, Coventry CV1 1DS