Freehold Commercial Property Located In Coventry

Coventry, CV6 5JW
Offers Over£550,000
Business ID:
#2521
£550,000 Offers Over
  • Ref: 2521
  • Type: Commercial Property
  • Availability: For Sale
  • Veritas Categories: - Restaurants, Commercial Property, - Bar, Retail
  • Business ID: 2521
  • Commercial Tenure: Freehold
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  • Floorplan
  • Floorplan
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  • Floorplan

Property Features

  • Freehold Commercial Property
  • A4 A3 & A1 Consent
  • Leasehold Option Available
  • Potential for Conversion
  • Iconic Building
  • Previously a Restaurant & Bar
  • 5,000 SQ FT

Full Details

Freehold Commercial Property Located In Coventry
A4 A3 & A1 Consent
Vacant Possession
Leasehold Option
Ref 2521

551 Foleshill Road, Coventry, CV6 5JW

Location
This outstanding Commercial Property is located on Foleshill Road in Coventry. Situated within a prominent and highly visible trading position on the corner of Foleshill Road and Station Street West. The immediate area has an abundance of retail shops, commercial businesses and is densely populated with residential properties. Coventry city centre is approximately 2 miles away and you have easy access to the A444 which leads to the M6 motorway. Coventry has great transportation links and has been named the UK’s city of culture for 2021, giving it a one-off opportunity to boost the economy, tourism and civic pride.

Offers Over £550,000 plus VAT (VAT may be exempt ref TOGC)

Business Description
Veritas Business sales offer to the market this delightful Commercial property which is located in Coventry. An iconic former public house called The General Wolfe which once saw the world famous band U2 grace its stage when it was a thriving music venue. The last tenants were restaurant chain Toro’s Steak house but we are now offering this with vacant possession.
We believe that the premises would lend itself to a variety of conversion options. The ground floor could be split into 2 units, either restaurant or retail and the first and second floors could be converted into apartments. For the right tenants the owners would grant a lease and maybe some initial rent free period whilst conversion takes place. This is a superb opportunity to purchase a large building (circa 5,000 sq ft) located in a thriving area which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.


Leasehold Option
Term: negotiable
Rent: £45,000 plus vat
Business Rates: £8,000 pa

Ground Floor
Double doors leading to entrance hallway with reception/bar area.
Restaurant area for circa (40) covers.
Smaller restaurant area for circa (20) covers.
Gents W/C with wash basin.
Disabled W/C with wash basin.
Ladies 2 x W/C with wash basin.
Hallway.
Commercial kitchen with extraction canopy.
Staff Quarters comprising
Domestic kitchen.
Double bedroom
Bathroom.

Lower Ground
Main cellar room
Second cellar room

First Floor
Lounge
Bathroom
Office
Hallway with fire exit
W/C with shower and wash basin
Lounge or Double bedroom
Function room
Kitchen/bar
W/C x2 with wash basin.


External Rear yard and rear car park for (4)

The property benefits from gas central heating, fire alarm, intruder alarm and air conditioning to the ground floor restaurant

EPC Rating D