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Units 3 & 4 Progress Way 2 Industrial Properties Offered at $10,223,694 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 | $10,223,694 | Number of Properties | 2 |
| Price / SF | $137.94 / 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 | $10,223,694 |
| Price / SF | $137.94 / 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 | - |
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VIDEOS
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Units 3 & 4 Progress Way
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