Enterprise-rent-a-car, Lockhurst Lane, Coventry CV6 5NY

This freehold retail investment property comprises approximately 19,111 sq ft (0.438 acres) and includes office buildings and a yard for parking vehicles. It is located on Lockhurst Lane, a busy arterial road in the northern fringe of Coventry, at the junction with Kingfield Road, in a densely populated commercial area near a large trading estate and residential developments. The property is let to Enterprise on a fully repairing and insuring lease for a term of 20 years commencing November 2024, with rent reviews every five years, generating an annual rental income of £70,000, representing a yield of 7.36%. The lease is outside the Landlord and Tenant Act 1954. The property benefits from planning permission granted on July 31, 2024, for a replacement rental vehicle wash bay, demolition of an existing modular office building, and site reconfiguration. Nearby occupiers include HiQ Autocentre, BP/Morrison, and HSS Hire Shops, with Coventry City Centre approximately 1.5 miles away and easy access to the A444 and M6 Motorway at Junction 3, located about 2.5 miles to the north.