Office to let in Sapphire Court, Paradise Way, Coventry Walsgrave Triangle, Coventry CV2

Non-quoting
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Office to let

91,733 sq. ft*

Property description

Key Points

  • Rare opportunity to acquire a vacant HQ office totalling 91,733 sq ft (8,522 sq m)
  • Modern office accommodation over ground and first floors
  • 400 car parking spaces providing an excellent ratio of 1:229 sq ft
  • Prime site extending to approximately 4.97 acres (2.01 hectares)
  • Located in the ''Golden Triangle'' providing excellent links to the UK motorway network
  • Situated just off of the A4600 providing immediate access to Junction 2 of the M6 and M69
  • The property is offered to the market with the benefit of vacant possession
  • Potential for redevelopment and alternative uses subject to planning permission
  • The property is held long leasehold for a term of 150 years
  • Description

    The property was constructed as two office buildings in 1995 by Barclay Property Holdings and is of steel frame construction with brick elevations under a pitched roof. The property was extended by the previous occupier in 1997 and then again in 2004 adding a further 13,500 sq ft of office accommodation.

    The accommodation benefits from the previous occupiers fitout which includes a mixture of open plan office accommodation with meeting rooms, private offices, breakout spaces, comms rooms and canteen/kitchen facilities.

    Location

    The city of Coventry is located in the West Midlands, strategically positioned within the ''Golden Triangle'' at the centre of the UK and national motorway network. Its location in the heart of the midlands affords the city excellent communications with approximately 83% of the UK's population within a 4-hour drive.

    Coventry is located 22 miles east of Birmingham, 24 miles southwest of Leicester and 33 miles northwest of Northampton, the city is positioned along the M6 motorway which runs 4.5 miles north of the city centre with access provided at Junction 2.

    The city benefits from a diverse and skilled population providing an established work force for occupiers, with both Coventry University and the University of Warwick located in the city and home to a combined 70,000 students. Excellent road access allows access to talent from other major towns and cities across the east and west midlands.

    Business Rates

    The current rateable value for the property is £1,350,000 based on the 2023 list. Interested parties should make their own enquiries.

    Tenure

    The property is held long leasehold (title number: - WM610770) for a term of 150 years from March 1995, providing approximately 120.8 years unexpired at a peppercorn rent. The freeholder is Coventry City Council.

    Local Authority

    Coventry

    Price Details

    Offers are invited on an unconditional basis for the long leasehold interest.

    Property info

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

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

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    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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