Offers over
£1,600,000
(£40.11/sq. ft)
Industrial for sale55 Stoke Row, Coventry CV2
39,888 sq. ft
EPC Rating: D
About this property
Multi-let industrial investment situated in an established industrial location in Coventry
Large potential for rental growth, low average rental value of only £3.23 per sq ft
The property extends to a Gross Internal Area of 39,888 sq ft
Low capital value of only £40.11 per sq ft
Total rental income of £128,940 including erv for vacant Unit 5B
Excellent transport links with easy access to the M1, M6 and M69
Sale at £1,600,000 would represent a net initial yield of 7.61% (assuming Unit 5B is let and after allowing for purchasers costs of 5.34%)
The property comprises a substantial multi-let industrial complex which extends to 39,888 sq ft Gross Internal Area. The accommodation includes a range of workshops, warehouse, storage units and offices. The units all vary in size providing flexibility for occupiers.
The property is currently partly let with only Unit 5B currently vacant with an estimated rental value of £4,800 per annum. Taking into account Unit 5B potential rent this would bring the total rental value to £128,940 per annum. The property offers significant rental growth through letting of vacant accommodation and active management.
Location
The property is located at 55 Stoke Row, Barras Heath, Coventry, CV2 4JP, approximately 0.6 miles north east of Coventry City Centre within an established industrial area. The surrounding area comprises of a range of industrial units and residential properties.
The property benefits from strong road communications via the A4600, providing access to Junction 2 of the M6/M69 motorway network, Coventry Train Station is approcimately 2 miles away, whilst Birmingham Airport and National Exhibition Centre are approximately 12 miles away.
Terms
The multi-let industrial investment is available for offers in excess of £1,600,000
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