Riley Square Shopping Precinct, Coventry, West Midlands, CV2 1LY

The Centre was built in the early 1960's and provides for a courtyard arrangement with four access/egress points onto Henley Road, Roseberry Avenue and into the two main car parking areas. The long leasehold interest is for a 150 year term starting in November 2019 from Coventry City Council who retain the freehold. The extent of the area is shown on the attached Ordnance Survey plan. The residential property within the ownership is let on a long leasehold basis to Citizen Housing. Three of the retail units are also held on a long leasehold basis where ground rents are collected. The remaining units are all either let or available to be let (following refurbishment) on direct leases. The scheme is anchored by Farmfoods. All the long leaseholders (including Citizen Housing), have their own repairing responsibilities. The site has a number of vacant units waiting to be refurbished. There appears to be good demand from local covenants for a number of these properties.