icons_size_white icons_size

Croft Farm Rear Of The Trossachs, Parrotts Grove, Coventry, CV2 1NR

For sale: £2,000,000.00|27552 Sq Ft|Land, Industrial Park, Other, Business Park, Land, Commercial Land, Industrial, Other Property Types & Opportunities, Offices

PROPERTY DETAILS

FOR SALE£2,000,000.00
SIZE27552 Sq Ft
ADDRESSCroft Farm Rear Of The Trossachs, Parrotts Grove, Coventry, CV2 1NR
TYPELand, Industrial Park, Other, Business Park, Land, Commercial Land, Industrial, Other Property Types & Opportunities, Offices
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON27th November 2019

DESCRIPTION

Description

The industrial estate is accessed via a newly widened road from the B4109, coming into gates on the entrance to the estate. Immediately to the right is a communal toilet block and some parking, to the right is the single residential building on site. The estate consists of numerous industrial buildings of differing size, height, and quality, sectioned into 29 individual units, all fully rented currently and historically. There are numerous parking areas around the site and fourteen containers rented out for storage. To the rear of the
estate are pastures within greenbelt and to the front an area of open land between the estate and the B4109. The site has newly consented permission for a further 6 new build industrial units and an area of 1.63 acres of B8 open storage to the rear of the site. It has been suggested the remainder of the owned land could become available for industrial use in the future, dependant on application to the planning authority.

Location

The entrance to Croft Farm is located off the B4109 that connects Alderman's Green and the North of Coventry City to the village of Bulkington in the North of Warwickshire County. Junctions and access for both the M6 and M69 Motorways are within two miles of the location as the crow flies, giving strong access to the national road network thereafter. Coventry City Centre is within 5 miles of Croft Farm, with the city central railway station providing direct line access to both Birmingham and London in under one hour. To the North of Croft Farm is the village of Bulkington providing good local amenities and further on is the town of Nuneaton.

EPC

The estate has an EPC for each unit that requires, with ratings between C68 and E106

Service Charge

No service charge is at present charged on this estate.

Viewing

Strictly by appointment with the agent Bromwich Hardy.

Legal Costs

Each party is to bear their own legal and surveyors costs incurred in any transaction.

Industrial estate situated to the North of Coventry City in the West Midlands industrial hotbed, with 100% occupation since creation in 2008.

The estate comprises 29 industrial units totalling 27,552 sq.ft (2,559.64 sq.m) of varying sizes and heights, 14 storage containers, an area of land to the rear measuring 9.03 acres (3.65 Ha) used for stables/ livery and a parcel of land to the front of the industrial estate measuring 1.81 acres (0.73 Ha)

Stripped back there are 5 acres of brownfield development land available, with consent for 6 new build industrial units of around 30,000 sq. ft and 1.8 acres of open storage land.

Gross rental for the estate and surrounding land is £136,500 per annum, which includes water rates and building insurance. Electricity rates are recharged to the tenants and Business Rates are also tenant responsibility, although at present they all qualify for Small Business Rates Relief.

The land to the front of the estate behind the B4109 sign could be included in
the sale if required.

The Croft Farm units are largely let to the automotive trade on rolling licences with an average rent of £4.57 per sq.ft, which offers opportunities to tie down lengthier leases if required and potentially increase rents where necessary.

Newly widened and resurfaced access road, allowing access for Heavy Goods
Vehicles, from the B4109.

Currently no service charge is payable at the estate.



Tenure Comments

All units are currently let on rolling licences
( Agency Pilot Software Ref: 1083 )

LOCATION

Location: Croft Farm Rear Of The Trossachs, Parrotts Grove, Coventry, CV2 1NR

Bedworth (1.6 miles)

Coventry (4.7 miles)

Nuneaton (4.7 miles)

AGENT'S DETAILS

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here