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Unit K1 6 Herald Way 15,328 SF Industrial Building Coventry CV3 2NY $1,287,088 ($83.97/SF) 6.57% Cap Rate
Investment Highlights
- Good transport links
- Income producing asset
- The property is let to One Vision Imaging Limited
Executive Summary
The property comprises part of a purpose built detached four bay warehouse. The warehouse is of steel portal frame construction with brick, block work and profile cladding elevations.
The unit is self-contained with two storey offices and benefits from its own mains services. There is one roller shutter, with space for another (depending on configuration), a yard and ample car parking at the front for a unit of this size. The eaves rise to 4.75m and there is an apex of 6.1m.
Offers in the region of £950,000 (nine hundred and fifty thousand pounds), which reflects a Net Initial Yield of 6.57% and a reversionary yield of 6.87%.
The unit is self-contained with two storey offices and benefits from its own mains services. There is one roller shutter, with space for another (depending on configuration), a yard and ample car parking at the front for a unit of this size. The eaves rise to 4.75m and there is an apex of 6.1m.
Offers in the region of £950,000 (nine hundred and fifty thousand pounds), which reflects a Net Initial Yield of 6.57% and a reversionary yield of 6.87%.
Property Facts
| Price | $1,287,088 | Building Class | B |
| Price Per SF | $83.97 | Lot Size | 0.45 AC |
| Sale Type | Investment | Rentable Building Area | 15,328 SF |
| Cap Rate | 6.57% | No. Stories | 3 |
| Tenure | Freehold | Year Built | 2000 |
| Property Type | Industrial | Tenancy | Single |
| Price | $1,287,088 |
| Price Per SF | $83.97 |
| Sale Type | Investment |
| Cap Rate | 6.57% |
| Tenure | Freehold |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 0.45 AC |
| Rentable Building Area | 15,328 SF |
| No. Stories | 3 |
| Year Built | 2000 |
| Tenancy | Single |
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Unit K1 | 6 Herald Way
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