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Unit 3, Progress Way, CV3

For sale: £4,000,000.00|39,895 Sq Ft|General Industrial, Industrial

Property details

FOR SALE£4,000,000.00
SIZE39,895 Sq Ft
ADDRESSUnit 3, Progress Way, Binley Industrial Estate, Coventry, CV3 2NT
TYPEGeneral Industrial, Industrial
TENUREFor Sale Freehold
POSTED ON9th June 2025

Description

Key Points

  • Freehold Investment - Sale and Leaseback
  • Located on the established Binley Business Park in the heart of Coventry and within the UK's premier logistics "Golden Triangle"
  • Excellent transport links to the M6, M45, M42 and M1 motorways.
  • Extending to approximately 39,895 sq. ft. of warehouse, office and ancillary accommodation. Warehouse eaves height of 9.6m
  • Let on effective FRI terms to HydroGarden Limited who have an Experian credit rating of 100 reflecting very low risk
  • Hydrogarden occupy the adjoining unit and there will be the right of first refusal to acquire, if the property were to be sold
  • Offers in excess of £4,000,000 (Four Million Pounds) subject to contract and exclusive of VAT
  • New Reflecting a net initial yield of 7.04% and £100 per sq. ft. capital value assuming purchasers' costs of 6.54%key point...
  • Summary

    AN OPPORTUNITY TO ACQUIRE A SINGLE LET WAREHOUSE AND OFFICES WITH EXCELLENT RENTAL GROWTH POTENTIAL

    Description

    Unit S3 is a modern distribution warehouse of steel portal frame construction and insulated profile metal sheet cladding and roof system. The internal office accommodation has recently been constructed. The site has the asset management potential to increase parking capacity on the site by removing the side lean-to (illustrated on brochure page 4). The registered title boundary includes the access road Lifford Way. The road services both Unit 3 and neighbouring occupiers. The registered title boundary includes the access road Lifford Way. The road services both Unit 3 and neighbouring occupiers. Further tenancy details can be located on page 6 of the brochure and further account information can be made available on request.

    Location

    Located within the "Golden Triangle," a prime logistics region in the UK known for its exceptional connectivity. Situated in Coventry, this property benefits from quick access to several major motorways: the M6, M69, M40, and A46, offering seamless routes to Birmingham, Leicester, London, and the wider Midlands. This strategic positioning makes it ideal for businesses in distribution and logistics, allowing efficient transportation across the UK. The Binley Industrial Estate itself is a well-established commercial area with robust infrastructure and access to a variety of essential amenities.

    Availability_text

    The accommodation comprises the following areas:

    Location

    marker
    Location: Unit 3, Progress Way, Binley Industrial Estate, Coventry, CV3 2NT

    Coventry (3.1 miles)

    Canley (4.4 miles)

    Bedworth (6.0 miles)

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