Log In/Sign Up
Your email has been sent.
Units 3 & 4 Progress Way 2 Industrial Properties Offered at $10,357,230 in Coventry
Investment Highlights
- 'Golden Triangle' Location
- Warehouse eaves varying between 9.6m and 10.5m
- Excellent transport links to M6, M45, M42 and M1 motorways.
Executive Summary
Offers in excess of £7,660,000 (Seven Million, Six Hundred and Sixty Thousand Pounds) subject to contract and exclusive of VAT, reflecting a net initial yield of 7.00% a capital value of £103 per sq. ft. assuming purchaser’s costs of 6.66%.
Both units are to be let on coterminous 10-year lease with a 5-year tenant only break option. These leases shall commence upon the completion of the sale and shall be subject to schedule of condition
Note: Unit 3 is also available separately seeking offers offers in excess of £3,630,000 (Three Million Six Hundred and Thirty Thousand Pounds) subject to contract and exclusive of VAT. This reflects a net initial yield of 7.75% and a capital value of £91 psf, allowing for purchases costs of 6.51%.
Both units are to be let on coterminous 10-year lease with a 5-year tenant only break option. These leases shall commence upon the completion of the sale and shall be subject to schedule of condition
Note: Unit 3 is also available separately seeking offers offers in excess of £3,630,000 (Three Million Six Hundred and Thirty Thousand Pounds) subject to contract and exclusive of VAT. This reflects a net initial yield of 7.75% and a capital value of £91 psf, allowing for purchases costs of 6.51%.
Property Facts
| Price | $10,357,230 | Number of Properties | 2 |
| Price / SF | $139.74 / SF | Individually For Sale | 0 |
| Cap Rate | 7% | Total Building Size | 74,118 SF |
| Sale Type | Investment | Total Land Area | 4.11 AC |
| Status | Active |
| Price | $10,357,230 |
| Price / SF | $139.74 / SF |
| Cap Rate | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 74,118 SF |
| Total Land Area | 4.11 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| Herald Way, Coventry CV3 2RQ | Industrial | 39,895 SF | 2001 | - |
| Herald Way, Coventry CV3 2RQ | Industrial | 34,223 SF | 2005 | - |
1 1
1 of 34
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Units 3 & 4 Progress Way
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.