The Flying Standard, 2–10 Trinity Street, Coventry, West Midlands CV1 1FL
Barnett Ross Property AuctioneersBarnett Ross was formed in October 2002, drawing upon the combined 60 year's auction experience of John Barnett and Jonathan Ross, and immediately established itself as one of the largest independent auction houses in the U.K.
Read more Read moreLot 13 Click here for addendum GROUND RENT INVESTMENT 6 Week completion SITUATION In the heart of the city centre, occupying a prominent position on the corner of New Buildings, by the pedestrian entrance to the Cathedral Quarter which contains many of Coventry's most popular tourist attractions including Coventry Cathedral, St. Mary's Guildhall and Holy Trinity Church. Also ideally located for the city's central Shopping Quarter, the property is directly opposite Primark and West Orchards Shopping Centre and amongst many multiples including Nando's, McDonald's, KFC, Wilko, Greggs, Ladbrokes and Sainsbury's whilst being within a ¼ of a mile of Coventry University. Coventry is a major commercial city located some 18 miles east of Birmingham, 9 miles north of Warwick and enjoying easy access to the M6 (Junctions 2 and 3). PROPERTY An attractive medieval style building comprising a Large Public House planned on ground and first floors with internal access to 2 Self-Contained Flats plus Ancillary Accommodation on the second floor. In addition the property benefits from a Roof Terrace on the first floor. ACCOMMODATION Ground Floor Public House Gross Frontage 149'2" Internal Width 128'5" Pub Depth 56'2" Built Depth 70'1" GIA Approx. 5,220 sq ft First Floor Public House Seating/Bar/Beer Store Ladies & Gents WCs GIA Approx. 3,730 sq ft Second Floor 2 Flats: Each 2 Bedrooms, Living Room, Kitchen, Bathroom/WC Ancillary Accommodation incl. Staff changing room and dining room plus storage GIA Approx. 3,220 sq ft Total GIA Approx. 12,170 sq ft Plus 685 sq ft Roof Terrace VAT is NOT applicable to this Lot FREEHOLD TENANCY The entire property is let on a full repairing and insuring lease to K/S Coventry, England (a company incorporated in Denmark) (Sublet to J.D. Wetherspoon - having over 900 branches) for a term of 125 years from 8th January 1999 at a current rent of £16,000 per annum exclusive. Rent Reviews in January 2019 and 5 yearly, geared to 9% of Rack Rental Value (upward only).
