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Coventry Canal Basin, St Nicholas Street, Coventry, CV1 4LY

West Midlands

£225,000

Listed on 15/06/2026

Property Details

Bedrooms
N/A
Type
Mixed Use

Description

This property presents a unique opportunity for investment and redevelopment in the Coventry Canal Basin area. The mixed-use scheme comprises distinct buildings including two office structures—James Brindley House/John Sinclair House and Thomas Yeoman House—along with a modern residential block, Waterside House, which features ground floor commercial space currently vacant. The offices are under long-term lease to Coventry City Council, providing stable income potential until 2094 with an extension option. Waterside House has a long leasehold interest and offers further commercial opportunities on its ground floor. Additionally, there are The Coal Vaults, refurbished for commercial purposes and currently leased as a charity-run venue, indicating versatile usage possibilities. The property includes communal areas such as gardens and dedicated car parking spaces. With several segments of parking offering vacant possession and the potential to regularise licenses for improved revenue streams, this site is ripe for asset management or redevelopment initiatives subject to necessary consents. Its location near Coventry city centre enhances its attractiveness for both commercial rentals and residential occupancy.

Investment Analysis

(CV1 area)
Area Average
£218/sq ft
Avg Rent (weekly)
£218
Avg Yield
6.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (CV1)

Area prices are rising by +8.5% over the last 12 months
3 year growth: -5.1%
5 year growth: +7.4%
Investment Disclaimer: Analysis based on CV1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Coventry Canal Basin, St Nicholas Street, Coventry, CV1 4LY
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£850
Based on a loan of £168,750 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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