Commercial property for sale in Rear Of Systems House, Willenhall Lane, Binley, Coventry CV3
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
Key Points
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.
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.
Viewings
Strictly by appointment with the sole agent: Holt Commercial nick holt
Tenure
Freehold.
Local Authority
Coventry
Price Details
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.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Holt Commercial, CV1 on +44 24 7511 9997 * (local rate)
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.