Rare opportunity to acquire a multi-let office building on a large site with significant asset management potential.
Prominently positioned on Gorsey Lane in Coleshill and with easy access to Junction 4 of the M6, T1 and T2 of the M6 Toll and Junctions 8 and 6 of the M42
3 story high quality office building divisible into wings with two reception areas and extending to 45,114 sq. ft. with 187 car parking spaces (1:241 sq. ft.)
Let to four tenants together with a small suite subject to a 12 months rental guarantee and producing a rent of £550,701.50 equating to £12.21 per sq ft overall.
Excellent covenant strength and with a WAULT to lease expiry of approximately 4.3 years and the WAULT to break clause of 1.9 years
Offers in excess of excess of £6,000,000 (Six Million Pounds) subject to contract and exclusive of VAT reflecting a net initial yield of 8.61% and a low capital value of £133 assuming purchasers’ costs of 6.63%.
