Offers over
£3,500,000
(£66.76/sq. ft)
Industrial for saleAntalis, Willenhall Lane, Binley, Coventry CV3
52,425 sq. ft
Freehold
About this property
Sale and Leaseback
Rent - £325,000 p.a.
5 year term with tob at 2
52,425 sq ft
Oieo £3,500,000
8.72% niy / £67 psf
Estimated Rates Payable: £139450.5
Description
The property comprises a modern warehouse at the western end of the site which is adjoined by an older section to the east. In addition a small Lean-to is attached to the rear of the older section and there are two outbuildings on the site, providing basic, covered storage with a roller shutter. The whole site spans approximately 2.45 acres.
Location
The property is situated with the well-established Binley Industrial Estate, with access via Brandon Way (A428) and Willenhall Lane, with the former serving as the goods entrance and the latter providing access to the offices.
Binley Industrial Estate is excellently located, being situated just off the A46 which in turn connects to the M69 (M1) and M6 approximately 2 miles to the north. Nearby occupiers include: Evri, B&Q, Saint Gobain, Dulux and Howdens
Terms
We are instructed to seek offers in excess of £3,500,000 (Three Million, Five Hundred Thousand Pounds) for the freehold interest, subject to contract and exclusive of VAT.
The quoting price reflects a net initial yield of 8.72%, assuming purchasers costs of 6.5% and a low capital value of £67 per sq ft.
The property comprises a modern warehouse at the western end of the site which is adjoined by an older section to the east. In addition a small Lean-to is attached to the rear of the older section and there are two outbuildings on the site, providing basic, covered storage with a roller shutter. The whole site spans approximately 2.45 acres.
Location
The property is situated with the well-established Binley Industrial Estate, with access via Brandon Way (A428) and Willenhall Lane, with the former serving as the goods entrance and the latter providing access to the offices.
Binley Industrial Estate is excellently located, being situated just off the A46 which in turn connects to the M69 (M1) and M6 approximately 2 miles to the north. Nearby occupiers include: Evri, B&Q, Saint Gobain, Dulux and Howdens
Terms
We are instructed to seek offers in excess of £3,500,000 (Three Million, Five Hundred Thousand Pounds) for the freehold interest, subject to contract and exclusive of VAT.
The quoting price reflects a net initial yield of 8.72%, assuming purchasers costs of 6.5% and a low capital value of £67 per sq ft.
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