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£500,000

Harnall Lane West, Coventry

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

Property details

Tenure
Freehold
Council Tax Band
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Date Posted
2026-01-28

Utilities & Restrictions

Utilities

Electricity
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Water
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Heating
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Broadband
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Sewerage
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Rights & Restrictions

Public Rights of Way
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Private Rights of Way
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Listed Property
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Restrictions
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Property Features

Accessibility
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Parking
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Garden
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Enquire about this property

Contact FRASER STRETTON LTD, Leicester

15 Allandale Road, Leicester, LE2 2DA

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