Coventry
Binley Road
CV3 1HB
0.12 Hectare (0.30 Acre)
Location
The site is located on the south side of Binley Road (A428) and can be accessed by both east-bound & west-bound traffic. There is a sports ground to the south and west of the site, and residential areas to the north and east. A Lidl supermarket is under construction on the opposite side of the road to the north west of the site, with a parade of local shops further beyond this.
Description
The site comprises a Jet petrol filling station, consisting of four pump islands in a four-square formation under a large canopy and connected to a single storey shop of approximately 40 sq m (430 sq ft). The site also benefits from a jet wash and air/water facilities.
The site extends to approximately 0.12 hectare (0.30 acre).
Trading
The site is offered subject to a fuel supply agreement. Further details will be released to shortlisted parties.
Year |
Fuel /Litres |
Shop |
Valeting |
Other income |
2005 |
3,185,513 |
£444,550 |
£1,284 |
£1,748 |
2006 |
2,975,664 |
£425,443 |
£5,701 |
£2,229 |
2007 |
2,855,576 |
£506,703 |
£5,925 |
£1,979 |
Revenues exclude VAT.
Planning
Officers have indicated that there is scope to obtain planning consent for residential, retail use or a car showroom. A mixed-use scheme combining retail and residential elements may be acceptable. Please refer to the Planning Commentary for further information.
Environmental Condition & Indemnity
An Environmental Report Summary of the property is included within the Further Information section, which outlines the reports carried out on the site. Prospective purchasers will be able to undertake updated Environmental Assessments at their cost, following exchange of contracts, in order to satisfy themselves on the condition of the property. Copies of previous reports will be available for shortlisted parties, subject to assignment from the respective consultants. The successful purchasers will be required to provide an environmental indemnity to the Vendor for all past or future contamination.
Tenure
The site is available freehold with vacant possession, or as a trading entity. If acquired as a trading site, TUPE regulations will apply and wet and dry stock is to be purchased at cost upon completion.
Offers
The preference is for unconditional offers to be submitted. However, conditional offers upon planning will also be considered. All offers must be accompanied by details of funding for the proposed acquisition. Conditional offers must include full supporting information together with site layout plans and details of conditions.
All offers are to be submitted to Mark Frostick no later than 12 noon on Friday 18th July 2008. Our clients do not bind themselves to accept the highest or any offer received. Prior to submitting any offer, interested parties should refer to the sale contract detailing the conditions of the disposal and other relevant information found in the Further Information section.
All offers are to be set out on the Schedule provided.
Stamp Duty
Stamp duty will apply on the sale of this property.
Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction.
VAT
Value Added Tax will be charged at the prevailing rate.
Viewing
Strictly by appointment through the sole agent.
Staff are unaware of the impending sale and no formal viewings will be undertaken. The site is currently trading and can be inspected as a "customer". Under no circumstances should the staff be approached regarding the sale.
Contact
Mark Frostick
- 01480 371 456 -
maf@rapleys.co.uk