FOR SALE - Industrial, Investment
Property Images
Map & Location
55372.00 sqft (5144.18 sqm) - 55372.00 sqft (5144.18 sqm)
Type
Industrial, Investment
Address
Rear Of Systems House
Willenhall Lane
Binley
Coventry
West Midlands
CV3 2AS
Willenhall Lane
Binley
Coventry
West Midlands
CV3 2AS
Minimum Size
55372.00 sqft (5144.18 sqm)
Maximum Size
55372.00 sqft (5144.18 sqm)
Leasehold
N/A
Freehold
We are instructed to seek offers in excess of £3,900,000 subject to contract and exclusive of VAT.
A purchase at this level reflects an initial yield of 7.16% assuming purchasers' costs of 6.52%. The site will show a reversionary yield of 9.67%. This gives a low capital value of £70.00 psf.
Status
AVAILABLE
Key Features
- LET TO 7 TENANTS
- EXCELLENT ACCESS TO A46 EASTERN BYPASS
- ADJACENT TO BINLEY INDUSTRIAL ESTATE
- LARGE POWER SUPPLY TO SITE
- EXTENSIVE REFURBISHMENT RECENTLY CARRIED OUT
- NEW ROOF TO BAYS 1 & 2
- EXTENSIVE PARKING TO THE SITE
Location
The property is located to the rear of Systems House on Willenhall Lane in the Binley area of Coventry. Binley is situated to the east side of Coventry with excellent access to the A46 Eastern Bypass. The A46 gives excellent access to both the M6/M69 to the north and the A46 leading to the M40 to the south. Binley also benefits from direct access to Coventry City Centre which is approximately 3 miles to the west.
Full Description
The buildings comprise a three bay originally industrial building. Two bays remain as industrial warehouse premises. The main workshop areas have an eaves height of 4.6 metres extending to 7.8 metres at the Apex. To the front of these two bays is office accommodation over two floors. The Industrial units are accessed to the rear via a roller shutter door to each unit. Bays 1 & 2 have been reroofed in the last 12 months. The third bay is a two storey bay providng space for three occupiers. The ground floor with roller shutter access to the rear provides offices and storage/workshop space. There is a leisure area to the first floor currently occupied by a dance school. A further area to the rear of the property (together with part of the ground floor) is occupied by Revolution Training. A substation located on site provides a large power supply. To the rear of the property is a large yard with areas demised to each tenant and large communal area for HGV turning. There is a further small yard to the rear of the site which is currently let to Jacksons Recovery.
Property Images
Map & Location
Interested in this property? call 024 7655 5180
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