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Antalis, Willenhall Lane, Binley, Coventry, CV3 2AS

Offers in Excess of
£3,500,000

£66.76 per sq ft

Business rates & charges may apply

Bromwich Hardy LLP, Coventry
SIZE AVAILABLE

52,425 sq ft

4,870 sq m

SECTOR

Warehouse for sale

Key features

  • Sale and Leaseback
  • Rent - £325,000 p.a.
  • 5 year term with TOB at 2
  • 52,425 sq ft
  • OIEO £3,500,000
  • 8.72% NIY / £67 psf

Description

The property comprises a modern warehouse at the western end of the site which is adjoined by an older section to the east. In addition a small Lean-to is attached to the rear of the older section and there are two outbuildings on the site, providing basic, covered storage with a roller shutter. The whole site spans approximately 2.45 acres.

The property is situated with the well-established Binley Industrial Estate, with access via Brandon Way (A428) and Willenhall Lane, with the former serving as the goods entrance and the latter providing access to the offices.

Binley Industrial Estate is excellently located, being situated just off the A46 which in turn connects to the M69 (M1) and M6 approximately 2 miles to the north. Nearby occupiers include: Evri, B&Q, Saint Gobain, Dulux and Howdens

We are instructed to seek offers in excess of £3,500,000 (Three Million, Five Hundred Thousand Pounds) for the freehold interest, subject to contract and exclusive of VAT.

The quoting price reflects a net initial yield of 8.72%, assuming purchasers costs of 6.5% and a low capital value of £67 per sq ft.

Brochures

Antalis, Willenhall Lane, Binley, Coventry, CV3 2AS

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Coventry Station3.1 miles
  • Coventry Arena Station4.1 miles
  • Canley Station4.5 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 293648-1. 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.

Map data ©OpenStreetMap contributors.

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