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Units 3 & 4 Progress Way 2 Industrial Properties Offered at $10,241,053 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 | $10,241,053 | Number of Properties | 2 |
| Price / SF | $138.17 / 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 | $10,241,053 |
| Price / SF | $138.17 / 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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Units 3 & 4 Progress Way
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