Warehouse for sale in Units 1 & 2, Purley Chase Estate, Pipers Lane, Nuneaton CV10

Offers over £4,500,000 (£48.99/sq. ft)
Interested in this property? Call +44 24 7511 9997 * or Request Details

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Warehouse for sale

91,858 sq. ft*

Property description

Key Points

  • Attractive large yard units
  • High reversionary potential 10.55%+ (gy)
  • 7.22% Gross Initial Yield
  • Redevelopment potential
  • Tenant: Packaging Services Europe Limited
  • Low passing rent of £325,000 pa exclusive excluding Unit 2 upfront payment until 31 October 2025
  • Represents a low capital value of £48.98 psf
  • Guide price £4.5 million plus VAT, Subject to Contract
  • Description

    Unit 1

    Unit 1 is located on the left-hand side when entering the estate. The warehouse areas are fronted by a mixture of offices, showrooms and store areas and benefit from a large car park. The warehouse buildings are built of part brick/block and clad elevations with a pitched roof, along with roller shutter and level dock loading doors at the rear. There are five bays to the building and internally provides working heights of approximately 8.35m to the underside of the steel truss framing, with some bays providing heights of up to 11.99m to the underside of the roof lining near apex. The unit benefits from a large yard area which is currently separated into two sections for occupiers and provides a mixture of concrete and tarmac surface areas.

    Unit 2

    Unit 2 is fronted by a café area which we understand was formerly used as an office. Part of the warehouse element can be accessed via a roller shutter to the front of the building and benefits from rear dock loading and another roller shutter. The main warehouse provides two bay units, which are of part brick/block elevations with insulated pitched roofs and provide working heights of approximately 4.40m to the underside of the steel truss frame. At the rear is a small mono pitched unit which provides roller shutter access and further accessibility to the main warehouse areas, in addition to the smaller front unit. The yard area provides good external storage and parking along with an additional external unit which is currently used as a 'repair centre'. The repair centre is also of a mono pitch roof construction with brick/block elevations and is accessible via large metal doors.

    Location

    The properties are located on Purley Chase Industrial Estate on Ansley Common, accessed via Pipers Lane, being approximately 250m from Coleshill Road (B4114) in Ansley Common. The B4114 links the property with Nuneaton Town Centre being approximately 3 miles to the south east with the M42/M6 being approximately 7 miles to the west.

    Viewings

    Should you require further information or wish to arrange to view please contact the sole agents: Peter holt / edward jenkinson /

    Business Rates

    The current Rateable Values are: Unit 1: £206,000 Unit 2: £70,500 Interested parties should make their own enquiries with the Local Authority.

    Services

    Service Charge The tenant(s) shall pay a Service Charge for the maintenance of the shared areas.

    Tenure

    The property is to be sold Freehold.

    Local Authority

    Nuneaton and Bedworth

    Price Details

    Guide price £4.5 million, Subject to Contract.

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

    Arrange Viewing

    For more information about this property, please contact
    Holt Commercial, CV1 on +44 24 7511 9997 * (local rate)

    Contact Holt Commercial about this property

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Holt Commercial, and do not constitute property particulars. Please contact Holt Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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