- Located on the established Binley Business Park in the heart of Coventry and within the UK’s premier logistics “Golden Triangle"
- Excellent transport links to the M6, M45, M42 and M1 motorways.
- Extending to approximately 74,118 sq. ft. of warehouse, office and ancillary accommodation across both buildings.
- Warehouse eaves varying between 9.6m and 10.5m
- Freehold
- Both leases let on effective FRI terms to HydroGarden Limited who have an Experian credit rating of 100 reflecting very low risk
- Initial rent of £572,000 per annum equating to £7.72 psf.
- 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.
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%.
