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UNDER OFFER

Paragon Way, Coventry, West Midlands, CV7

Offers in Excess of
£700,000

£92.24 per sq. ft.

Business rates & charges may apply

Sampson Moore, Birmingham
SIZE AVAILABLE
7,589 sq. ft.
(705 sq. m.)
SECTOR
Warehouse for sale
USE CLASS
Use class orders: B2 General Industrial and B8 Storage and Distribution
B2, B8

Key features

  • Modern warehouse investment
  • 6.5m eaves height
  • Close to M6 motorway
  • Let at £45,000 pa
  • Net initial yield 6.1%.

Property description

Tenure: Freehold

The property was built in 2003 and comprises a mid-terraced industrial unit of steel portal frame construction. There are cavity brick/ block walls with insulated profiled steel cladding above and a composite cladding roof with rooflights. There is an electrically operated roller shutter door to the front elevation. Minimum eaves height 6.5m (21ft 4ins). Fire escape door to rear. Electricity, gas and lighting are supplied to the warehouse.

There is an internal office/toilet block to the front of the unit, with suspended ceilings with recessed lighting, carpeted floors and gas fired central heating. Windows and doors to the front elevation are double glazed with powder coated aluminium frames. The mezzanine space above the offices is accessed via a steel staircase and has the benefit of a perimeter safety railing.

Externally there is a concrete forecourt providing 12 car spaces. An additional parking area opposite provides a further 7 spaces (19 spaces in total).

The property is let to Cel-Trans Uslugi Transportowe SC on an FRI lease for a term of 5 years from 15th November 2019 at a current rent of £43,500 pa rising to £45,000 pa on 15th November 2021. The vendor will top up the rent to £45,000 pa from completion until Nov 2021 by way of adjustment to the price on completion.

There is a rent deposit of £15,000 plus VAT (4 months' rent)

Energy Performance Certificates

EPC 1

Brochures

Paragon Way, Coventry, West Midlands, CV7

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bedworth Station0.8 miles
  • Coventry Arena Station1.7 miles
  • Nuneaton Station4.0 miles

About the agent

Sampson Moore, Birmingham

Botts Green Hall, Coleshill, B46

Sampson Moore, Birmingham

Sampson Moore are commercial property investment consultants based in Birmingham City Centre. Sampson Moore specialise in commercial property investment consultancy, including investment acquisitions, investment sales and associated portfolio and professional advice, such as rent reviews and lease renewals.

The main geographical area of operation is the Midlands but business is carried out across a wider area from Bristol to Yorkshire.

More properties from this agent

Notes

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Disclaimer - Property reference Paragon. 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 Sampson Moore, Birmingham. 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.

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