Binley, Coventry, CV3 2AS
For Sale: £3,500,000 Offers in Excess of
52,425 Sq Ft (4,870.28 Sq M)
Industrial Investment For Sale
Sale and Leaseback to Antalis Limited
Rent - £325,000 per annum
5 year term with a Tenant Only Break Option after Year 2
Reflects a net initial yield of 8.72% (assuming purchasers costs of 6.5%)
Low capital value of £67 per sq ft
The property comprises a modern warehouse at the western end of the site which is adjoined by an older section to the east. In addition a small Lean-to is attached to the rear of the older section and there are two outbuildings on the site, providing basic, covered storage with a roller shutter. The whole site spans approximately 2.45 acres.
The property is situated with the well-established Binley Industrial Estate, with access via Brandon Way (A428) and Willenhall Lane, with the former serving as the goods entrance and the latter providing access to the offices. Binley Industrial Estate is excellently located, being situated just off the A46 which in turn connects to the M69 (M1) and M6 approximately 2 miles to the north . Nearby occupiers include: Evri, B&Q, Saint Gobain, Dulux and Howdens.
Coventry is a cathedral city located in the West Midlands in the heart of the Golden Triangle. It is the ninth largest city in England with a population in excess of 360,000 and a GDP of over £11 billion. This is largely driven by the advanced manufacturing and engineering sectors, given its strong geographic location and access to a large employment catchment. The city provides excellent connectivity for national and international distribution companies, with 90% of the country's population being reachable within a 4-hour drive time. The city is served by the M6, M69 (M1), A46 and A45, benefits from a mainline train station, with journey times to Birmingham and London of 20 minutes and 55 minutes respectively. Birmingham International airport located approximately 10 miles to the west.
Description | Sq Ft | Sq M |
---|---|---|
Warehouse | 38083 | 3537.91 |
Offices | 6283 | 583.69 |
Leanto | 1880 | 174.65 |
Outbuildings | 6179 | 574.03 |
Total | 52,425.00 | 4,870.28 |
Ed Bunbury
Contact us with any queries about the property or to book a viewing
07385 662 520 ed.bunbury@bromwichhardy.comTom Bromwich
Contact us with any queries about the property or to book a viewing
07718037150 tom.bromwich@bromwichhardy.com