Green 4 Motor Company Ltd has taken showroom, workshop, and office premises at 540/542 London Road as a new home for their Coventry Mazda & Suzuki dealerships. The Company has not had to travel far. Swapping the north side of London Road for the south, less than 80 m along the highway.

Drake Howard Property is pleased to welcome the dealership to the building on behalf of the owner to replace long standing previous occupiers, Listers Honda.

Showroom & workshop after repairs and improvement works, prior to Coventry Mazda & Suzuki refit.

Showroom and mezzanine offices and gallery prior to Coventry Mazda & Suzuki refit.

The transfer has been a complex undertaking covering a multitude of disciplines for the commercial property consultancy.

  • Lease termination notice and schedule of dilapidations preparation.
  • Dilapidations negotiation with outgoing tenant.
  • Repair and refit specification, contract tendering and works management.
  • Purchase of land surplus to Highways Agency requirements after major works to Tollbar Island.
  • Application for planning consent for change of use on land to car parking associated with Motor Dealership.
  • Purchase negotiations with adjoining owner to buy in car parking compound.
  • Negotiations for grant of Lease on Dealership and Agreement to Lease on Land.
  • Construction and surfacing of car park land.

The timeline covered more than two years, but for a capital input of less than £350,000 by the owner, Drake Howard Property has generated an increase in the rental stream from £117,000 per annum to £163,500 per annum, secured on 25 years full repair and insurance leases.

Compound acquired from Jelmac Properties, represented by Wareing & Co.

Land laid out and surfaced for dealership parking over-looking Tollbar Island.

Drake Howard Property Limited continues to manage the dealership and land within its portfolio of client commercial properties.