£250,000
(£109.70/sq. ft)
Industrial for saleUnit 15, Unit 15, Rowleys Green Industrial Estate, Coventry CV6
2,279 sq. ft
EPC Rating: B
Freehold
About this property
Investment located on the popular Rowley Green Industrial Estate
Of interest to investors
Strong occupational demand
Well located adjacent to A444 and close to J3 of M6 motorway
Estimated Rates Payable: £10354.25
Description
The subject property comprises a semi-detached end of terrace light industrial unit. The property is of steel portal frame construction, with blockwork and profile steel clad elevations, underneath a dual pitched insulated roof incorporating translucent roof panels. There is a roller shutter at the front of the unit
The property is currently used as a forklift training facility.
The property will be sold subject to the existing occupational tenancy. A 5 year lease from 19th July 2024 expiring 18th July 2029 at an initial rent of £18,600 per annum exclusive drawn on Full Repairing and Insuring Terms (subject to a schedule of condition). There is a tenant option to break the lease on 19th July 2027 subject to no less than 3 months notice. There is an upwards only rent review provision on the 3rdyear of the lease term
Location
The unit is situated on Rowleys Green Industrial Estate, Rowleys Green Lane, Coventry. The estate is some 4 miles north of Coventry City Center and approximately 1.5 miles from M6 Motorway Junction 3 via the A444 dual carriageway.
The subject property comprises a semi-detached end of terrace light industrial unit. The property is of steel portal frame construction, with blockwork and profile steel clad elevations, underneath a dual pitched insulated roof incorporating translucent roof panels. There is a roller shutter at the front of the unit
The property is currently used as a forklift training facility.
The property will be sold subject to the existing occupational tenancy. A 5 year lease from 19th July 2024 expiring 18th July 2029 at an initial rent of £18,600 per annum exclusive drawn on Full Repairing and Insuring Terms (subject to a schedule of condition). There is a tenant option to break the lease on 19th July 2027 subject to no less than 3 months notice. There is an upwards only rent review provision on the 3rdyear of the lease term
Location
The unit is situated on Rowleys Green Industrial Estate, Rowleys Green Lane, Coventry. The estate is some 4 miles north of Coventry City Center and approximately 1.5 miles from M6 Motorway Junction 3 via the A444 dual carriageway.
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