TO LET ON A NEW LEASE
172/172A CLAY LANE COVENTRY CV2 4LX
Prominently Situated End Terraced Ground Floor Retail Unit With Self-Contained One Bedroomed Flat Over Fronting Clay Lane (Just Off Walsgrave Road) In A Busy Mixed Commercial/Residential Area Extensive Shop With A Net Internal Area Of About 104.28m² (1,122ft²) Rent: £17,000 Per Annum
172/172A Clay Lane, Coventry CV2 4LX
LOCATION The premises are situated in a prominent location fronting Clay Lane (which can be accessed off Walsgrave Road (A4600)) being a short distance from the thriving Ball Hill neighbourhood shopping district.
The premises are also considered suitable for a variety of other uses, again, subject to obtaining any necessary consents. Prospective occupiers should rely on their own enquiries with the Planning Authority as to whether planning permission is necessary for their proposed use. SHOP
Clay Lane is itself a busy location with good pedestrian footfall and enjoys a high profile to passing traffic. Limited on–street parking is provided to the immediate road frontage and otherwise on the neighbouring streets. Clay Lane Long Stay Car Park is also in the vicinity.
Ground Floor Internal Width (front): Depth (max.): WC TOTAL NIA:
The premises are about one mile from the A444 with Coventry City Centre a little over a mile distant.
4.43m (14’6”) 27.89m (92’)
104.28m² (1,122ft²)
FLAT Ground Floor
DESCRIPTION These extended principally two-storey endterraced premises are largely constructed of brick set beneath a series of pitched and flat roofs.
Accessed via a separate ground floor entrance (from the passageway at the side of the building) with stairs to: First Floor
The ground floor comprises extended shop premises with a separate self-contained onebedroomed flat over (accessed from the passageway at the side).
Briefly comprising: Bedroom; Lounge; WC/ Shower Room; Kitchen.
There is also understood to be a right of access over the passageway to a roller shutter door to the rear of the shop (to be confirmed by solicitors).
The premises are available on a new tenant’s full repairing and insuring lease for a term to be agreed, but a minimum of six years is suggested, subject to an upward only rent review at the end of the third year.
LEASE
ACCOMMODATION All measurements are approximate and on a Net Internal Area (NIA) basis.
The tenant will be permitted to let the flat out separately on an Assured Shorthold Tenancy, if required.
SHOP
INITIAL RENT
Formerly trading as a hairdressers/beauty salon, the premises have been partitioned towards the rear to provide individual treatment rooms, but could be re-instated to a more open plan arrangement, subject to obtaining any necessary consents.
The commencing rental will be £17,000 per annum exclusive. LEGAL COSTS Incoming tenant to pay all reasonable legal costs in respect of the transaction, including Stamp Duty and VAT, if applicable.
172/172A Clay Lane, Coventry CV2 4LX
SERVICES Flat Mains electricity, water and drainage are understood to be installed to the property, subject to connection charges by the utility companies. No tests have been applied.
Rating G (1). LOCAL AUTHORITY Coventry City Council Council House Reception Earl Street Coventry CV1 5RR
FIXTURES AND FITTINGS All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from any letting.
Tel: 0500 834 333 VIEWING
VAT By arrangement with:All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT, if applicable. RATING We understand from the Valuation Office Agency website that the current assessments are:172 Clay Lane (shop) Rateable Value:
£4,700
Please note that this is not the Rates Payable and prospective occupiers are advised to make their own enquiries with the Local Authority for verification of the Rateable Value and confirmation of the amount of Rates Payable. Any queries regarding Business Rates Relief should also be directed to the Local Authority. 172a Clay Lane (flat) Council Tax Band A Prospective purchasers are advised to make their own enquiries with the Local Authority for verifications of the Council Tax banding and amount of Council Tax payable. ENERGY PEFORMANCE RATING Shop Rating D (86).
LOVEITTS COMMERCIAL Telephone: 024 7622 8111 e-mail:
[email protected] (Ref. SRE)
172/172A Clay Lane, Coventry CV2 4LX
Subject Property For Identification Purposes Only Not to Scale
172/172A Clay Lane, Coventry CV2 4LX
Conditions under which particulars are issued: Messrs Loveitts for themselves and for vendors or lessors of this property, whose agent they are, give notice that: i)
The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute, or constitute part of, an offer or contract.
ii)
All descriptions, dimensions, reference to conditions and necessary permissions for use and occupation, and other details, are given in good faith and are believed to be correct and any intended purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them.
iii)
No partner or any person in the employment of Loveitts has any authority to make or give any representation or warranty whatever in relation to this property.
iv)
All prices and rents quoted are exclusive of V.A.T. unless otherwise stated.