Commercial Property for sale

Binley Court, New Century Park, Brindle Avenue, Coventry, West Midlands, CV3

Under Offer £5,650,000
31,000 sq. ft.

Property Description

Commercial information

  • 31,000 sq ft (2,879 sq m)

Key features

  • A 31,000 Sq Ft (2,880 Sq M) modern office building in a highly accessible location within Coventry
  • Coventry is the second largest city in the West Midlands, and one of the best connected cities in the UK
  • Full let to Aptiv Services UK Limited and Orbit Group Limited on new 10 year leases with break options at year 5.
  • The tenants have Creditsafe ratings of Low to Very Low Risk
  • Low total rent of 451,000 per annum reflecting 14.05 per Sq Ft and 15.05 per Sq Ft, offering excellent potential for future growth
  • Freehold
  • Excellent underlying potential for long term conversion or redevelopment for residential, with planning permission secured for conversion to 49 apartments but not implemented
  • We are instructed to seek offers in excess of 5,650,000 (Five Million Six Hundred and Fifty Thousand Pounds) reflecting an attractive net initial yield of 7.49% assuming purchasers costs of 6.61%, an
  • A special purchase vehicle may be available

Full description

Offers in excess of £5,650,000
Binley Court is a 31,000 Sq Ft two storey office building providing well specified accommodation and generous parking with 102 spaces (1:304 Sq Ft). The building benefits from a double height glazed reception and therefore lends itself to be single let HQ style office or to be split on a floor by floor, multiple wing basis.


More information from this agent

Nearest stations

  • Coventry (2.1 mi)
  • Coventry Arena (3.2 mi)
  • Canley (3.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bromwich Hardy, Coventry

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

02475 060163 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Coventry (2.1 mi)
  • Coventry Arena (3.2 mi)
  • Canley (3.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bromwich Hardy, Coventry

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

02475 060163 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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