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AGENT'S DETAILS


205 Torrington Avenue, Coventry, CV4 9UT

For sale: £1,400,000.00|21332 Sq Ft|Distribution Warehouse, Industrial Park, Other, Other, Industrial, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£1,400,000.00
SIZE21332 Sq Ft
ADDRESS205 Torrington Avenue, Coventry, CV4 9UT
TYPEDistribution Warehouse, Industrial Park, Other, Other, Industrial, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON6th September 2020

DESCRIPTION

The available property includes a central front warehouse, with 3 floors of offices, the warehouse having 6 meter eaves and two large roller shutter accesses. This part of the property it is expected will be provided with vacant possession on completion, following the move by the current tenant to other premises. To the middle and rear of the site are a further 4 industrial units, each with seperate tenants on tenancies at will, bringing in a combined rental of £44,880 pa. The units all have roller shutter and pedestrian door access, seperately metered and rated.

Situated to the centre of Torrington Avenue on the western side of Coventry City, the site extends back from the road towards the railway line. Torrington Avenue connects at the eastern end with the A45, which gives direct access to Coventry and Birmingham City Centres and the national road network. Canley trainstation is in close proximity, as is the University of Warwick.

EPC reports are currently being undertaken.

There is no service charge provision on site.

Strictly by appointment with the agent Bromwich Hardy.

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

Mixture of large and small industrial units

Well known historic industrial location

Current rent of £100,560 pa, ERV £127,000 pa

Excellent road connections and proximity to railway station

Close to Warwick University

Opportunity for an owner occupier and income

Flexible but transferable leases in place

Existing leases in place to:
Unit 1 - With vacant possession
Unit 2a - Smartie Pants - Tenancy at Will - £8,160pa
Unit 2b - L.T.D Associates - Tenancy at Will - £7,920 pa
Unit 2c - Davies Memorials - Tenancy at Will - £10,800 pa
Unit 3 - Every Page - Tenancy - Tenancy at Will - £18,000 pa
( Agency Pilot Software Ref: 1807 )

LOCATION

Location: 205 Torrington Avenue, Coventry, CV4 9UT

Tile Hill (0.9 miles)

Canley (1.4 miles)

Berkswell (2.7 miles)

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