COVENTRY, 9 SHERBOURNE ARCADE LOWER PRECINCT SHOPPING CENTRE

LOCATION

Lower Precinct Shopping Centre is the dominant shopping centre in central Coventry and totals over 200,000 sq ft of retail space. The centre benefits from an annual footfall of circa 10 million people.

The premises sit in a prominent location within Sherbourne Arcade which acts as the link between Lower Precinct Shopping Centre and Coventry Market. Nearby retailers include Superdrug, Home Bargains and F Hinds Jewellers.

ACCOMMODATION

The unit comprises the following approximate areas:

Floor Area Sq M Sq Ft
Ground Floor 55.3 595

RENT

£15,000 per annum exclusive of VAT

LEASE

A new lease for a term to be agreed subject to upward only rent reviews every 5 years.

RATES

Rateable Value (2023): £7,000

PLANNING

The Unit is suitable for E planning use classes, to include retail, financial and food led operations, enquiries to be made through Local Authority

SERVICE CHARGE

An annual service charge for the year end December 2023 is budgeted as being £4,891 plus an insurance payment of £181.02p.

EPC

An EPC is available upon request.

VIEWING

Viewing strictly by prior appointment.

Address:
9 SHERBOURNE ARCADE LOWER PRECINCT SHOPPING CENTRE, COVENTRY, CV1 1DD
£15,000 pa
Area
595 sq ft

contact the agent

Martin Herbert

Josh Porter

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