Commercial property for sale in Wheelwright Lane, Coventry, CV6
£136,500
593 sqft
£136,500
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Commercial property for sale in Wheelwright Lane, Coventry, CV6
ShortlistKey features
- For sale by auction via Tutis Auctions
- Freehold commercial premises at an attractive guide price of £136,500
- Strong income profile with total projected income of £1,000 pcm / £12,000 pa
- Approx. 8% yield at guide price (based on projected licence income)
- Rear section already occupied on a licence at £500 pcm (currently being paid)
- Front section currently vacant (previously a mobile phone shop)
- Front section due to be occupied from 3rd March on a licence at £500 pcm
- Dual retail layout offering flexibility for investors and owner-occupiers
- Approx. 55.2 m² (593 ft²) including storage, kitchen and WC facilities
- Viewings strictly by appointment with proof of funds / AIP required prior to booking
Freehold commercial at £136,500 with £12,000 p.a. income agreed from 3rd March — a rare Coventry investment at an 8% yield.
For Sale by Auction – Rare Commercial Investment Opportunity
113 Wheelwright Lane, Coventry, CV6 4HN
Guide Price: £136,500 | Freehold | Tutis Auctions
A standout opportunity to secure a freehold commercial premises in Coventry at an attractive price point, with a clear and improving income profile. The property offers a prominent frontage, flexible internal layout, and is arranged to provide two distinct retail areas.
The front shop was previously used as a mobile phone shop and is currently vacant, however a licence is in place for occupation from 3rd March at £500 per month. The rear section is already occupied on a licence and is generating £500 per month.
The accommodation extends to approximately 55.2 m² (593 ft²) and includes ancillary storage, kitchen and WC facilities — offering flexibility for continued retail use, adaptation, or future reconfiguration (subject to the usual consents).
Income Summary (Licence Arrangements)
Rear section: licence income of £500 pcm (currently being paid)
Front section: vacant but due to be occupied from 3rd March on a licence at £500 pcm
Total projected income: £1,000 pcm / £12,000 per annum
Approx. yield at guide price: 8%
Opportunities to acquire a freehold commercial unit with near-term income in place at this level are genuinely scarce. Early registration is strongly advised.
Viewing Arrangements
Viewings are strictly by appointment with Tutis Auctions. Prior to arranging a viewing, prospective purchasers will be required to provide proof of funds or an agreement in principle.
For Sale by Auction – Rare Commercial Investment Opportunity
113 Wheelwright Lane, Coventry, CV6 4HN
Guide Price: £136,500 | Freehold | Tutis Auctions
A standout opportunity to secure a freehold commercial premises in Coventry at an attractive price point, with a clear and improving income profile. The property offers a prominent frontage, flexible internal layout, and is arranged to provide two distinct retail areas.
The front shop was previously used as a mobile phone shop and is currently vacant, however a licence is in place for occupation from 3rd March at £500 per month. The rear section is already occupied on a licence and is generating £500 per month.
The accommodation extends to approximately 55.2 m² (593 ft²) and includes ancillary storage, kitchen and WC facilities — offering flexibility for continued retail use, adaptation, or future reconfiguration (subject to the usual consents).
Income Summary (Licence Arrangements)
Rear section: licence income of £500 pcm (currently being paid)
Front section: vacant but due to be occupied from 3rd March on a licence at £500 pcm
Total projected income: £1,000 pcm / £12,000 per annum
Approx. yield at guide price: 8%
Opportunities to acquire a freehold commercial unit with near-term income in place at this level are genuinely scarce. Early registration is strongly advised.
Viewing Arrangements
Viewings are strictly by appointment with Tutis Auctions. Prior to arranging a viewing, prospective purchasers will be required to provide proof of funds or an agreement in principle.
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