Units 1 & 2, Purley Chase Estate, Pipers Lane, Nuneaton, CV10
£51.71 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
91,858 sq ft
8,534 sq m
- SECTOR
Commercial property for sale
Key features
- Attractive large yard units
- A potential 10% Gross Initial Yield subject to Leases being formalised
- Attractive 9.38% Net Initial Yield assuming purchasers' costs of 6.58% subject to Leases being formalised
- Tenant: Packaging Services Europe Limited
- Proposed rental income of £475,000 pa exclusive subject to proposed lease terms
- 7 year lease term on FRI basis
- Guide price £4.75 million plus VAT, Subject to Contract and proposed Leases
Description
91,858 SQ FT (8533.82 SQ M) WITH 4.34 ACRES OF COMBINED YARD SPACE
The properties are located on Purley Chase Industrial Estate on Ansley Common, accessed via Pipers Lane, being approximately 250m from Coleshill Road (B4114) in Ansley Common. The B4114 links the property with Nuneaton Town Centre being approximately 3 miles to the south east with the M42/M6 being approximately 7 miles to the west.
Unit 1
Unit 1 is located on the left-hand side when entering the estate. The warehouse areas are fronted by a mixture of offices, showrooms and store areas and benefit from a large car park. The warehouse buildings are built of part brick/block and clad elevations with a pitched roof, along with roller shutter and level dock loading doors at the rear. There are five bays to the building and internally provides working heights of approximately 8.35m to the underside of the steel truss framing, with some bays providing heights of up to 11.99m to the underside of the roof lining near apex. The unit benefits from a large yard area which is currently separated into two sections for occupiers and provides a mixture of concrete and tarmac surface areas.
Unit 2
Unit 2 is fronted by a café area which we understand was formerly used as an office. Part of the warehouse element can be accessed via a roller shutter to the front of the building and benefits from rear dock loading and another roller shutter. The main warehouse provides two bay units, which are of part brick/block elevations with insulated pitched roofs and provide working heights of approximately 4.40m to the underside of the steel truss frame. At the rear is a small mono pitched unit which provides roller shutter access and further accessibility to the main warehouse areas, in addition to the smaller front unit. The yard area provides good external storage and parking along with an additional external unit which is currently used as a 'repair centre'. The repair centre is also of a mono pitch roof construction with brick/block elevations and is accessible via large metal doors.
Brochures
Units 1 & 2, Purley Chase Estate, Pipers Lane, Nuneaton, CV10
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Atherstone Station2.6 miles
- Nuneaton Station3.9 miles
- Bedworth Station5.7 miles
About Holt Commercial, Coventry
16 Warwick Row, Coventry, CV1 1EJ
Notes
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