Exchanged

Coventry – Residential development opportunity with planning consent

Greyfriars Court, Greyfriars Road, Coventry, CV1 3RY

Offers in excess of £6,000,000

Property Type:
Development Opportunity
Tenure:
Freehold

Description

  • Freehold residential development
  • A rare opportunity to acquire a site of approximately 0.73 acres (0.295 ha)
  • The site comprises a prominent vacant commercial building arranged over four storeys with 36 car parking spaces
  • Offered with vacant possession
  • The existing accommodation measures approximately 4,563 sq m (49,116 sq ft)
  • Total scheme provides 88 apartments (17 x studios, 29 x one bed, 42 x two beds)
  • Total consented proposed residential accommodation comprises an approximate NSA of 4,470 sq m (48,110 sq ft)
  • Potential for comprehensive redevelopment subject to obtaining all necessary consents

Offers sought in excess of £6,000,000 (Six Million Pounds) subject to contract and exclusive of VAT. This reflects £122 psf on the existing accommodation.