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Uni City Lodge

Corporation Street, Coventry, CV1

Coventry
18,553 Sq Ft (1,723.57 Sq M)
£2,450,000
For Sale
Coventry
18,553 Sq Ft (1,723.57 Sq M)
£2,450,000
For Sale

Description

The property is in two sections, the front section being mid-terrace and street-fronting, the rear being an annexe. Each section is a 4-storey block, of brick construction with flat roofing, the accommodation being over the upper three stories, with ground floor access to front and rear and there is lift access to all floors.

Rooms are generously sized with good ceiling height. Each room is carpeted, having bed, desk with chair, heater, bed-side table and wardrobe. All windows are either double-glazed, or have secondary glazing. All rooms have en-suite shower rooms with WC and wash-hand basin. Within the property are a laundry room, reception/waiting room and management office, which could provide further accommodation.

Each storey has a total gross internal area of 574.61 sq m (6,206 sq ft) giving a total of 1,723.83 sq m (18,553 sq ft).

Room sizes are generous, the average being 13.62 sq m (147 sq ft).

The total income from student accommodation for the financial year ending 31st March 2017 was £439,492.

Location

New Oxford House is in a busy City Centre location, highly popular for student accommodation with the City Centre's retail and leisure facilities surrounding the position. The building is adjacent to the existing Study Inn building and the former Coventry Telegraph buildings, which are being developed into a major mix-use development including 1,300 student beds and a 88 bedroom hotel, with ground floor restaurant and bar. Also close by are the renowned Belgrade Theatre and the major Belgrade Plaza mixed use development of restaurants, hotel, gym, apartments and approximately 1,000 student rooms in the Downing Students, City Village residence. Immediately opposite the premises are further student accommodation buildings, beyond which is the West Orchards Shopping Centre off Smithford Way. The premises are therefore also close to the Coventry Transport Museum, Broadgate, Coventry Cathedral and Coventry University's main campus buildings.

Viewing

Strictly by appointment with the agent Bromwich Hardy.

Legal Costs

Each party is to bear their own legal and surveyors costs incurred in this transaction.

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