113 Wheelwright Lane, Coventry
Wheelwright Lane, Coventry, CV6 4HN
- 1
Key features
Guide Price: *
£136,500
Fees apply
Reservation fee:2.40% (min. £6,000)
Legal fee:£2,400
All fees include VAT at 20%
Auction Type:
† Conditional
Opening bid:
£136,500Bid history
0 bidsFreehold commercial at £136,500 with £12,000 p.a. income agreed from 3rd March — a rare Coventry investment at an 8% yield.
For Sale by Auction – Rare Commercial Investment Opportunity
113 Wheelwright Lane, Coventry, CV6 4HN
Guide Price: £136,500 | Freehold | Tutis Auctions
A standout opportunity to secure a freehold commercial premises in Coventry at an attractive price point, with a clear and improving income profile. The property offers a prominent frontage, flexible internal layout, and is arranged to provide two distinct retail areas.
The front shop was previously used as a mobile phone shop and is currently vacant, however a licence is in place for occupation from 3rd March at £500 per month. The rear section is already occupied on a licence and is generating £500 per month.
The accommodation extends to approximately 55.2 m² (593 ft²) and includes ancillary storage, kitchen and WC facilities — offering flexibility for continued retail use, adaptation, or future reconfiguration (subject to the usual consents).
Income Summary (Licence Arrangements)
Rear section: licence income of £500 pcm (currently being paid)
Front section: vacant but due to be occupied from 3rd March on a licence at £500 pcm
Total projected income: £1,000 pcm / £12,000 per annum
Approx. yield at guide price: 8%
Opportunities to acquire a freehold commercial unit with near-term income in place at this level are genuinely scarce. Early registration is strongly advised.
Viewing Arrangements
Viewings are strictly by appointment with Tutis Auctions. Prior to arranging a viewing, prospective purchasers will be required to provide proof of funds or an agreement in principle.
Freehold commercial at £136,500 with £12,000 p.a. income agreed from 3rd March — a rare Coventry investment at an 8% yield.
For Sale by Auction – Rare Commercial Investment Opportunity
113 Wheelwright Lane, Coventry, CV6 4HN
Guide Price: £136,500 | Freehold | Tutis Auctions
A standout opportunity to secure a freehold commercial premises in Coventry at an attractive price point, with a clear and improving income profile. The property offers a prominent frontage, flexible internal layout, and is arranged to provide two distinct retail areas.
The front shop was previously used as a mobile phone shop and is currently vacant, however a licence is in place for occupation from 3rd March at £500 per month. The rear section is already occupied on a licence and is generating £500 per month.
The accommodation extends to approximately 55.2 m² (593 ft²) and includes ancillary storage, kitchen and WC facilities — offering flexibility for continued retail use, adaptation, or future reconfiguration (subject to the usual consents).
Income Summary (Licence Arrangements)
Rear section: licence income of £500 pcm (currently being paid)
Front section: vacant but due to be occupied from 3rd March on a licence at £500 pcm
Total projected income: £1,000 pcm / £12,000 per annum
Approx. yield at guide price: 8%
Opportunities to acquire a freehold commercial unit with near-term income in place at this level are genuinely scarce. Early registration is strongly advised.
Viewing Arrangements
Viewings are strictly by appointment with Tutis Auctions. Prior to arranging a viewing, prospective purchasers will be required to provide proof of funds or an agreement in principle.
Summary
- Auction end
- 12th Mar at 16:30
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- N/A
Guide Price: *
£136,500
Fees apply
Reservation fee:2.40% (min. £6,000)
Legal fee:£2,400
All fees include VAT at 20%
Auction Type:
† Conditional
Opening bid:
£136,500Bid history
0 bidsSummary
- Auction end
- 12th Mar at 16:30
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- N/A
This property is being sold by:
Tutis Estates
024 7601 6545
62 Holbrook Ln, Coventry CV6 4AB
†Conditional auction
If the reserve is met or exceeded and the auction timer reaches zero, an exclusivity period begins in relation to that property. The successful bidder is contractually required to exchange on the property on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above). All properties sold by conditional auction are sold subject to a reservation fee which is clearly stated in the terms and conditions attached to the property and in the bidding box before a bid is placed. The reservation fee is payable in addition to the final purchase price and is received on a non-refundable basis, subject to the terms of the Reservation Agreement. To ensure that the successful bidder proceeds, the winning buyer is automatically charged a reservation fee and agrees prior to making their bid, to pay any outstanding amount of the property reservation fee immediately at the end of the auction. The auctioneer will be authorised to sign the reservation agreement on both the buyer’s and seller’s behalf. If by the seller’s act, exchange does not occur on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above), the reservation fee shall be fully refunded to the buyer. If the buyer fails to exchange on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above), they will forfeit the full amount of the reservation fee.Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Proptech and Tutis Estates shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Tutis Estates. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Proptech or any individual in employment with Bamboo Proptech makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
Pursuant to the Auctioneer Act 1845, this auction is being conducted by the auctioneer stated above. All participants in this online auction shall note that both the Auctions (Bidding Agreements) Act 1927 and 1969 shall apply.
Where stated in the bid box above, you agree that Bamboo may pre-authorise your card for the amount of the Buyer's fee and Deposit. You will only be charged if you are the winning buyer. We will release the pre-authorisation at the end of the auction. You card issuer may take up to 10 working days for this amount to be available to you in your account.
