Property details
Location
The unit is located in the popular Empress Arcade which forms part of the established Empress Buildings Parade of shops adjacent to the busy Binley Road (A428) in the Stoke area of Coventry. Whilst there is on street parking to the front there is also a car park for customers at the rear. Bus stops are to hand. The property is conveniently situated for the A444 (around 0.5 miles), Coventry Eastern By-Pass (A46 around 0.5 miles) etc. and is located within the Binley Road Loal Centre
Description
1a Empress Arcade is a 264 sq.ft. open plan shop front situated in the heart of a vibrant arcade filled with shops and cafes. This space is perfect for small business owners eager to create a unique retail experience.
Whilst the interior is in need of renovation, this presents a fantastic opportunity to reimagine the space and tailor it to your vision. With a little creativity and investment you an transform this property into an inviting destination that stands out along the busy Binley Road.
The shop benefits from excellent kerb appeal ensuring visibility and attracting foot raffic from the surrounding area. Its prime location within the well known Empress Arcade adds to its charm, making it an appealing spot for shoppers looking for something special
Rateable Value
The property is assessed as retail premises with a Rateable Value of £4,900. A tenant may qualify for Small Business Rates Relief and pay no rates. Coventry City Council can confirm the position
Energy Performace Certificate
C
Services
A lease is available for six years or longer at a rent of £7,250 per annum with rent reviews every three years. It will be on a full repairing lease
Legal Costs
Incoming tenant to pay all reasonable legal costs in respect of the transaction including
VAT and stamp duty if applicable.
VAT
All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT which will not be payable on the rent in this instance.
Viewing
To arrange a viewing please contact the commercial Team on commercial@loveitts.co.uk or 024 7622 8111 (Option 2)
Important Notes
We are required by HMRC to conduct anti-money laundering checks on all parties with an interest in the property and accordingly we will require forms of identification in due course. Particulars: These Particulars do not constitute an offer or contract and should not be relied upon as being factually accurate, the photographs show only part of the property and the areas, measurements and distances given are approximately only. A buyer or a lessee must make their own enquiries or inspections and should not solely rely on these Particulars or other statements by Sheldon Bosley Knight.
VAT: The VAT position relating to the property may change without notice
Location
The unit is located in the popular Empress Arcade which forms part of the established Empress Buildings Parade of shops adjacent to the busy Binley Road (A428) in the Stoke area of Coventry. Whilst there is on street parking to the front there is also a car park for customers at the rear. Bus stops are to hand. The property is conveniently situated for the A444 (around 0.5 miles), Coventry Eastern By-Pass (A46 around 0.5 miles) etc. and is located within the Binley Road Loal Centre
Description
1a Empress Arcade is a 264 sq.ft. open plan shop front situated in the heart of a vibrant arcade filled with shops and cafes. This space is perfect for small business owners eager to create a unique retail experience.
Whilst the interior is in need of renovation, this presents a fantastic opportunity to reimagine the space and tailor it to your vision. With a little creativity and investment you an transform this property into an inviting destination that stands out along the busy Binley Road.
The shop benefits from excellent kerb appeal ensuring visibility and attracting foot raffic from the surrounding area. Its prime location within the well known Empress Arcade adds to its charm, making it an appealing spot for shoppers looking for something special
Rateable Value
The property is assessed as retail premises with a Rateable Value of £4,900. A tenant may qualify for Small Business Rates Relief and pay no rates. Coventry City Council can confirm the position
Energy Performace Certificate
C
Services
A lease is available for six years or longer at a rent of £7,250 per annum with rent reviews every three years. It will be on a full repairing lease
Legal Costs
Incoming tenant to pay all reasonable legal costs in respect of the transaction including
VAT and stamp duty if applicable.
VAT
All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT which will not be payable on the rent in this instance.
Viewing
To arrange a viewing please contact the commercial Team on commercial@loveitts.co.uk or 024 7622 8111 (Option 2)
Important Notes
We are required by HMRC to conduct anti-money laundering checks on all parties with an interest in the property and accordingly we will require forms of identification in due course. Particulars: These Particulars do not constitute an offer or contract and should not be relied upon as being factually accurate, the photographs show only part of the property and the areas, measurements and distances given are approximately only. A buyer or a lessee must make their own enquiries or inspections and should not solely rely on these Particulars or other statements by Sheldon Bosley Knight.
VAT: The VAT position relating to the property may change without notice
