Turkish restaurant investment to go under the hammer

A former Victorian pub now transformed into a Turkish restaurant is among the more unusual lots coming up for sale at Bond Wolfe’s auction next month.

The Former Old Red Horse, at 52 Barras Green, Barras Heath in Coventry, is listed with a guide price starting at £238,000.

It currently trades as the Sofra Anatolia Turkish restaurant with both indoor and alfresco dining areas as well as off-road parking at the front.

The property includes self-contained living accommodation on the upper floor.

The property is freehold subject to a lease for seven years from the 31 January 2020 at a rental of £24,000 a year.

Ian Tudor, joint managing director auctions at Bond Wolfe, said: “This property is an excellent investment opportunity. It is currently generating rental income from a popular Turkish restaurant but would also be suitable for a range of alternative uses subject to the necessary planning consents.

“We are expecting considerable interest and some highly competitive bidding when this property goes under the hammer at our auction on 9 February.”