£500,000
Land for saleHarnall Lane West, Coventry CV1
Freehold
About this property
Description
This is a unique opportunity to acquire a freehold commercial site with excellent income and development potential. Extending to approximately 273 square metres, the property is divided into four distinct units, providing a flexible layout suitable for a wide range of commercial or light industrial uses.
One unit is currently let to a long-standing tenant on a rolling basis at £650 per calendar month, generating £7,800 per annum in rental income. This provides an immediate return for the new owner, with the remaining three units offering scope for refurbishment, re-letting, or repurposing depending on strategy.
The site is unencumbered by existing planning permissions, making it particularly attractive for developers or investors seeking a clean-slate opportunity. There may be potential for reconfiguration, intensification of use, or complete redevelopment, subject to the necessary consents.
Whether you're looking for a secure income-producing asset with room for uplift, or a site to redevelop in the medium term, this property presents versatility, location benefits, and long-term growth potential.
1 unit currently let at £650pcm (£7,800 per annum)
3 vacant units - opportunity to increase income significantly
No current planning permission - clear scope for future development (STPP)
Located in a promising commercial area with strong rental demand
Immediate income from existing tenant
Potential for improved rental return with lease renegotiation or refurbishment
Blank canvas for planning/development proposals
Rare opportunity to secure a substantial site with existing infrastructure
Long-term capital appreciation potential
Viewings and Directions
Strictly by appointment only through the sole agent Fraser Stretton
Postcode for Sat Nav: CV1 4EY
Tenure: Freehold
This is a unique opportunity to acquire a freehold commercial site with excellent income and development potential. Extending to approximately 273 square metres, the property is divided into four distinct units, providing a flexible layout suitable for a wide range of commercial or light industrial uses.
One unit is currently let to a long-standing tenant on a rolling basis at £650 per calendar month, generating £7,800 per annum in rental income. This provides an immediate return for the new owner, with the remaining three units offering scope for refurbishment, re-letting, or repurposing depending on strategy.
The site is unencumbered by existing planning permissions, making it particularly attractive for developers or investors seeking a clean-slate opportunity. There may be potential for reconfiguration, intensification of use, or complete redevelopment, subject to the necessary consents.
Whether you're looking for a secure income-producing asset with room for uplift, or a site to redevelop in the medium term, this property presents versatility, location benefits, and long-term growth potential.
1 unit currently let at £650pcm (£7,800 per annum)
3 vacant units - opportunity to increase income significantly
No current planning permission - clear scope for future development (STPP)
Located in a promising commercial area with strong rental demand
Immediate income from existing tenant
Potential for improved rental return with lease renegotiation or refurbishment
Blank canvas for planning/development proposals
Rare opportunity to secure a substantial site with existing infrastructure
Long-term capital appreciation potential
Viewings and Directions
Strictly by appointment only through the sole agent Fraser Stretton
Postcode for Sat Nav: CV1 4EY
Tenure: Freehold
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Monthly repayment
£2,501 per month
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