A modern and prominent mixed use investment in Coventry city centre. The property comprises a 120 room hotel, 64 residential apartments let to University and 4 retail/ leisure units. High quality income producing asset providing 12.06 years to expiry and 10.91 years to break. 75% of the income is index linked. The building is of concrete frame construction with structural steel works at roof level and solid concrete floors with the elevations comprising a mix of brick, sheet cladding and full height glazing to the commercial units at ground and first floor levels. The property is held on a long lease for a term of 150 years from 20 May 2005 at a current rent of £72,988 per annum, subject to uncapped annual upward only increases linked to the Retail Price Index (133 years remaining).
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