A WELL-KNOWN landmark building in Coventry’s Cathedral quarter has gone up for sale with a guide price of around £2.95million to £3million.
The Old County Hall, an 18th-century building designed by Samuel Eglinton, is thought to be Coventry’s oldest commercial building still in use, and occupies a prominent city centre location on Bayley Lane.
Originally a court house, today the ground floor and mezzanine of the building are occupied by the Slug and Lettuce bar while the upper floors comprise 17 student accommodation units let out by Coventry University. The investment produces current annual income of £203,316 and is being sold at the Acuitus auction on May 18.
John Mehtab, Investment Director at Acuitus, said: “This is a substantial prominent town centre property and investors will be attracted by both the long lease on the leisure element and also the strong covenant backing the student accommodation.”
Click here for more on the auction at 1pm on May 18 – it will be broadcast via livestream on the Acuitus website with bidding online, by telephone and by proxy.
