Enterprise-rent-a-car, Lockhurst Lane, Coventry CV6 5NY
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Read more Read moreA freehold retail investment property comprising approximately 19,111 sq ft (0.438 acres) of office buildings and a yard for parking vehicles. The property is let to Enterprise on a 20-year fully repairing and insuring lease commencing in November 2024, with rent reviews every five years, generating a rental income of £70,000 per annum, which represents a yield of 7.36% based on the guide price. Located on the northern fringe of Coventry, the property occupies a prominent position on the busy B4118 Lockhurst Lane at its junction with Kingfield Road, in a densely populated commercial area near a large trading estate and residential development. The site is easily accessible via the A444 Phoenix Way and is approximately 2.5 miles from the M6 Motorway at Junction 3. Nearby occupiers include HiQ Autocentre, BP/Morrison, and HSS Hire Shops, with Coventry City Centre located approximately 1.5 miles away. The property has received planning approval for a replacement rental vehicle wash bay and site reconfiguration.
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