Coventry Canal Basin, Coventry, West Midlands, CV1 4LY

To be sold via unconditional TIMED ONLINE AUCTION on Tuesday 12th October 2026
(Visit auctionhouse.co.uk/online).

BIDDING OPENS: 13:00 on Monday 12th October 2026
AUCTION ENDS: 11:00 on Tuesday 13th October 2026

GUIDE PRICE: £80,000 +

Description

Vacant retail unit requiring full fit out. Approximately 4,400 sq ft of accommodation within the Canal Basin. Leasehold (underlease) with 104 years remaining. Ideal investment opportunity or owner occupier.

ACCOMMODATION
Open plan unit requiring full fit out. Occupying the entire ground floor of a 4 storey building, with the upper 3 floors being residential accommodation.

LOCATION
Located within the historic Canal Basin, which used to serve as an important industrial hub for the North Warwickshire collieries. Goods were loaded and unloaded here and then bound towards the Midlands via the Trent & Mersey Canal, or the Oxford Canal towards London.

OUTSIDE
Public parking area.

SERVICES AND HEATING
Please see legal pack for further information.

EPC - to be confirmed.

TENURE
Leasehold with vacant possession.

Term: 125 years from 26/01/2005
Ground rent: £1,000 p.a.
Service charge: £10,981 p.a.
Service charge period: 1/1/26 - 31/12/26

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Buyers Premium

Buyers Premium: £2,400 (£2,000 plus VAT)

Administration Charge

Administration Fee: £1,200 (£1,000 plus VAT)

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* Guide | £80,000 + VAT

Unconditional (Immediate Exchange)

Call the team on 024 7652 7789 for more information

Legal pack Request more info

Coventry & Warwickshire Terms & Conditions

Finance available on this property |
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Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.

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The current bid on a lot is £90,000. The reserve price has been set at £100,000 (not disclosed).

Tom wants to bid. The minimum bid amount is £91,000 but Tom decides to place a maximum bid of £97,000. This is below the reserve price, so the system places a bid for Tom at his maximum bid amount and he becomes the highest bidder at £97,000.

Jane logs on to bid. The minimum bid amount is £98,000 but Jane places a maximum bid of £105,000. The system automatically increases Jane's bid to meet the reserve and she is now the highest bidder at £100,000.

Tom is notified that he has been outbid. If no further bids are placed Jane would win the lot for £100,000.

Tom places a bid of £101,000, and Jane’s proxy bid instantaneously outbids him at £102,000 as this is the lowest bid required to make her the highest bidder.

Tom then places a maximum bid of £105,000. The current bid jumps to £105,000 with Jane as the highest bidder as she placed a proxy bid for that amount before Tom did.

Tom then places a bid at £106,000 and wins the lot as there are no other bids and it is above reserve.

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Auction House / Coventry and Warwickshire

To be sold via unconditional TIMED ONLINE AUCTION on Tuesday 12th October 2026
(Visit auctionhouse.co.uk/online).

BIDDING OPENS: 13:00 on Monday 12th October 2026
AUCTION ENDS: 11:00 on Tuesday 13th October 2026

GUIDE PRICE: £80,000 +

Description

Important Notice to Prospective Buyers

Buyers Premium

Administration Charge

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Note

Auction House / Coventry and Warwickshire

To be sold via unconditional TIMED ONLINE AUCTION on Tuesday 12th October 2026(Visit auctionhouse.co.uk/online).BIDDING OPENS: 13:00 on Monday 12th October 2026AUCTION ENDS: 11:00 on Tuesday 13th October 2026GUIDE PRICE: £80,000 +

Description

Important Notice to Prospective Buyers

Buyers Premium

Administration Charge

Loading the bidding panel...

Make An Enquiry

Connection error. Please check your internet connection.

Note

To be sold via unconditional TIMED ONLINE AUCTION on Tuesday 12th October 2026
(Visit auctionhouse.co.uk/online).

BIDDING OPENS: 13:00 on Monday 12th October 2026
AUCTION ENDS: 11:00 on Tuesday 13th October 2026

GUIDE PRICE: £80,000 +