The property comprises three industrial units of portal frame construction with profiled roof with translucent roof sheets and interior block work walls. There are also self-contained offices at the front and upper mezzanine floor in the warehouse. Minimum eaves height of 6.1 m (20 feet), 4 x roller shutter doors and 1 x internal shutter door. Car parking at the front for approximately 39 spaces and rear servicing area. Modern fit out and metered services
( Agency Pilot Software ref: 102227 )
Location
Located 4 miles West of the centre of Coventry and lying to the West of A45 ring road and to the North of established Charter Avenue Industrial Estate. Situated in the middle part of Torrington Avenue and therefore part of well established industrial and commercial area and where Screwfix, Land Registry Office and BSS are all located. The subject property is adjacent to Units 1 & 2 (Tenable Screw) and Units 6, 7 & 8 (ALS Environmental)
Accommodation
Approx. 22,983 Sq Ft (2,135.12 Sq M)
Terms
Tenure ALS Environmental Limited hold a single lease for the whole property & with an expiry date due on the 30th June 2028 and on FRI terms. The passing rent is £105,000 per annum exclusive.
Comparable Sales K2 Binley Ind. Est, Coventry CV3 Freehold warehouse of 25,717 sq.ft sold February 2022 for £2,471,000 at cap value of £96.06 psf Fairview Ind. Est, Sutton Coldfield B76 Freehold warehouse of 31,187 sq.ft sold March 2022 for £3,650,000 at NIY 4.30% & cap value of £117 psf. Swift 34, Rugby CV21 Freehold warehouse of 33,617 q.ft sold December 2021 for £4,925,000 at NIY 5.18 % & cap value of £147 psf . Juno Trade Centre, Warwick CV34 Freehold warehouse of 15,750 sq.ft sold July 2021 for £3,200,000 at NIY 4.35% & cap value of £203 psf
VAT This property has been elected for VAT and therefore is applicable to the purchase price.
TOGC may also be available subject to the buyer being VAT registered and applying for an Opt to tax.
Energy Performance Rating D86 and valid until 29th June 2032
Specification
- Located in a well established industrial & commercial area
- GIA 22,983 sq.ft (2,135 sq.m)
- Approx. 39 car spaces
- Excellent tenant covenant ALS Environmental Ltd
- Tenant lease expiry 30th June 2028 at FRI term
- Available at low cap value of £91.37 psf
- Passing rent £105,000 per annum (only £4.92 psf, set 30th April 2021)