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Unit 3, Progress Way, Binley Industrial Estate, Coventry, CV3 2NT

Offers in Excess of
£4,000,000

£100.26 per sq ft

Business rates & charges may apply

Bromwich Hardy LLP, Coventry
SIZE AVAILABLE

39,895 sq ft

3,706 sq m

SECTOR

Light industrial facility for sale

Key features

  • 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 39,895 sq. ft. of warehouse, office and ancillary accommodation. Warehouse eaves height of 9.6m
  • Let on effective FRI terms to HydroGarden Limited who have an Experian credit rating of 100 reflecting very low risk
  • 10-year lease, with tenant only option to break on the 3rd and 5th year anniversary to commence upon completion of sale. Lease is subject to a schedule of condition.
  • Hydrogarden occupy the adjoining unit and there will be the right of first refusal to acquire, if the property were to be sold
  • Offers in excess of £4,000,000 (Four Million Pounds) subject to contract and exclusive of VAT
  • Reflecting a net initial yield of 7.04% and £100 per sq. ft. capital value assuming purchasers' costs of 6.54%

Description

Unit S3 is a modern distribution warehouse of steel portal frame construction and insulated profile metal sheet cladding and roof system. The internal office accommodation has recently been constructed. The site has the asset management potential to increase parking capacity on the site by removing the side lean-to (illustrated on brochure page 4). The registered title boundary includes the access road Lifford Way. The road services both Unit 3 and neighbouring occupiers. The registered title boundary includes the access road Lifford Way. The road services both Unit 3 and neighbouring occupiers. Further tenancy details can be located on page 6 of the brochure and further account information can be made available on request.

Brochures

Unit 3, Progress Way, Binley Industrial Estate, Coventry, CV3 2NT

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Coventry Station3.2 miles
  • Coventry Arena Station4.3 miles
  • Canley Station4.6 miles

About Bromwich Hardy LLP, Coventry

1 The Cobalt Centre Siskin Parkway East, Middlemarch Business Park, Coventry, CV3 4PE

Bromwich Hardy is a dynamic property consultancy and agency based in the heart of the Midlands, Coventry.

Founders of the company, Richard Hardy and Tom Bromwich, have over 50 years of experience between them, dealing with all aspects of the commercial property market.

They are both very well known in the industry and have complementary skills and expertise. Tom Bromwich has an unparalleled and intimate knowledge of the Midland's regional market and Richard Hardy has a deep understanding of how best to meet the needs of nation-wide organisations with interests right across the UK.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 3795FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bromwich Hardy LLP, Coventry. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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