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Commercial Property for sale

CEL House, Westwood Way, Westwood Business Park, Coventry, CV4

Sold by Us 8,983 sq. ft. | £950,000

Property Description

Commercial information

  • 8,983 sq ft (834 sq m)

Key features

  • Well located office building
  • Current passing rent 101,000 per annum
  • Offers in excess of 950,000
  • Net initial yield of 10% (after purchasers costs of 6.3%)
  • Parking for 63 cars

Full description

Tenure: Freehold

INVESTMENT SUMMARY
Well located office building
Current passing rent £101,000 per annum
Offers in excess of £950,000
Net initial yield of 10% (after purchasers costs of 6.3%)

LOCATION
The property is located on Westwood Way, which comprises part of Westwood
Business Park to the south west of Coventry, a major commercial centre in the West
Midlands. Westwood Way is the main thoroughfare running through the park and links
to Cromwell Lane to the west and Charter Avenue to the east. Charter Avenue
connects to the A45 approximately 400 yards to the east. We consider the property is
well located for its current use.The subject property comprises a 2 storey office building constructed c.20 years ago.
A small single storey extension has been added to the eastern elevation of the
building. A covered passageway is attached to the western elevation of the building
which is linked to an adjacent building occupied by the current tenant.
The property is of an assumed steel frame construction with brick elevations under a
pitched tiled roof. The building has double glazed, timber framed windows throughout.
Internally, the building has open plan office space on both floors situated around a
central core area comprising stairs, a lift, kitchen and male and female toilets. The
property has a small reception area at the front of the building.
Externally the property has parking for 63 vehicles situated at the front of the building.
Access to the property is via an estate road that leads from Westwood Way.


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