3 bed retail premises

>

3 bed retail premises

Engleton Road, Radford, Coventry CV6
£500,000

Our Summary

  • **an exceptional freehold development opportunity ** Potential rental income of £50,280pa which equates to a 9
  • A substantial and versatile detached property set on a large plot in a prime location which offers a multitude of uses and is currently set up as a mixed use of commercial and residential units with planning permission in place to convert the existing space into an additional three modern apartments, whilst retaining the commercial section
  • At present the ground floor comprises of a commercial unit with several storage rooms to the rear and side, the further two floors are residential at present with the second floor being a three bedroom flat with kitchen, lounge & shower room whilst the third floor is studio style flat – both are in need of refurbishment
  • This interesting building is suitable for a variety of uses or redevelopment and offering great potential it is well worth a viewing
  • There is planning permissions in place to convert this floor into one commercial unit and two modern flats, a two bed and a one bed, both having their own private entrances and the larger having a garden
  • Excellent potential
  • Ideal development opportunity
  • Planning permission in place

Description

This exceptional freehold development opportunity offers a substantial and versatile detached property with a large plot in a prime location. The property currently has a mixed use of commercial and residential units, with planning permission in place to convert the existing space into an additional three modern apartments, while retaining the commercial section. The ground floor is currently used as a commercial unit with storage rooms, while the first and second floors are residential, with the second floor being a three-bedroom flat and the third floor being a studio-style flat, both in need of refurbishment. The property also has off-road parking for several vehicles and is situated close to the city centre, making it an attractive opportunity for a variety of uses or redevelopment.