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
$12,525,642
Price Per SF
$56.52
Cap Rate
10%
NOI
$1,252,564
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
MAP
Listing ID: 35403286
Date on Market: 4/8/2025
Last Updated: 6/3/2025
Address: Lower Prec, Coventry CV1 1DS
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