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The former Listers Group Skoda dealership premises in Coventry Road, Exhall, has been sold by commercial agents Bromwich Hardy for £1.4 million.
A private investor has acquired the 7,268 sq ft motor dealership with ancillary workshops on a 0.7 acre site.
The property became available when Listers Group made a strategic decision to relocate its Skoda franchise to Fletchamstead Highway in Coventry.
Caine Gilchrist, surveyor at Bromwich Hardy, said: “This is an established site with an extensive frontage, prominently located on the main route into Coventry city centre.
“It’s less than one mile from Junction 3 of the M6, and has the potential for a number of uses, subject to planning permission.“
He said that the site had attracted a great deal of interest resulting in a higher than expected sale price.
“The excellent location was a prime factor and while we understand there are no specific plans for the site at present, it could be suitable for roadside retail or further development, subject to planning permission.”
Listers were advised by Wallace Robinson & Morgan Solicitors and LDJ Solicitors acted for the purchaser.