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AGENT'S DETAILS


Henley Industrial Park, Henley Road, Coventry, CV2 1ST

For sale: £2,400,000.00|24888 Sq Ft|Distribution Warehouse, Light Industrial, General Industrial, Land, Industrial, Commercial Land

PROPERTY DETAILS

FOR SALE£2,400,000.00
SIZE24888 Sq Ft
ADDRESSHenley Industrial Park, Henley Road, Coventry, CV2 1ST
TYPEDistribution Warehouse, Light Industrial, General Industrial, Land, Industrial, Commercial Land
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON14th September 2020

DESCRIPTION

The property comprises 4 trade counter/industrial units situated towards the rear of the estate with dual access off Henley Road. The units are of steel portal frame construction with a combination of brick and metal clad elevations. Units 1 and 2 have integral offices to the front elevation. Within the warehouse areas the eaves heights range from 5.5 to 5.8 metres and each unit is accessed via a level access roller shutter doors. Externally each unit has car parking and a yard area to the front elevation.

Units 15 and 17 were constructed in 2018 to a high specification, unrivalled in the local market.

The site area extends to approximately 0.58 hectares (1.43 acres), giving a coverage of 40%.

Henley Industrial Park is well positioned off Henley Road in the Henley Green area of Coventry, approximately 3.5 miles northeast of the city centre and only a short drive from Junction 2 of the M6/M69 Interchange and other major arterial roads. The property is situated within an established and thriving industrial centre with strong occupancy levels across the wider estate.

The service charge for the wider estate is £22,000 (£0.17 psf) for the period ending 31/12/2020.

For further information or if you wish to arrange a viewing, please contact either of the joint agents, Edgerley Simpson Howe or Bromwich Hardy.

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

The property is well located close to the M6 Motorway and other main arterial routes.


4 industrial/trade counter units extending to approx. 24,888 sq ft (2,313 sq m).

Fully let producing a total income of £166,860 per annum - low average rent of £6.70 per sq ft.

WAULT to break 4.46 years and 6.03 years to expiry.
( Agency Pilot Software Ref: 1865 )

LOCATION

Location: Henley Industrial Park, Henley Road, Coventry, CV2 1ST

Coventry (3.1 miles)

Bedworth (3.7 miles)

Canley (4.3 miles)

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