Former J E Engineering & ITG Ltd Units, Siskin Drive, Middlemarch Business Park, Coventry, CV3

WHOLE SITE FOR SALE OR UNIT TO LET

INDUSTRIAL UNITS - INVESTMENT OPPORTUNITY PART INCOME PRODUCING

8,262 SQ FT (767.64 SQ M) - 17,577 SQ FT (1,632.94 SQ M) GIA

Investment Details
The ITG Ltd unit is proposing a lease of 10 years with a 5 year break and rent review. Current annual rental of £69,960 per annum exclusive. The former J E Engineering unit is available with vacant possession at an asking rent of £72,500 per annum exclusive. Induction Technology Group Limited, Creditsafe: Risk Score & International Score 'Low risk'.

Location
The properties are located in Coventry, an important commercial centre renowned for manufacturing with a population of approximately 330,000 people. The city is approximately 18 miles to the south-east of Birmingham, 8 miles to the north of Warwick and Leamington Spa and about 24 miles to the south-west of Leicester. London is some 95 miles to the south-east and Birmingham International Airport and the National Exhibition Centre are both located approximately 12 miles to the west of Coventry.

The site is situated to the western side of Siskin Drive near to its junction with Rowley Road and the Toll Bar End major highways intersection of the A45 and A46 dual carriageways approximately 3 miles to the south-east of Coventry city centre.

The site and units are therefore well located with excellent road links.



Description
The units are constructed of a steel portal frame with blockwork elevations, above which are profiled panels to the eaves with profiled panelled roof and corrugated perspex roof lights.

To the rear of the former J E Engineering unit are four individual testing bays over which there is a mezzanine floor. Both units have clear working heights of 6.5 metres except under the mezzanine floor.

There is a single storey office block to the front of the J E Engineering unit which has the benefit of aluminium framed windows and doors to the front.

The ITG Ltd unit has two storey offices within.