Unit 2, The Cable Yard, Electric Wharf, Coventry, CV1 4HA
An excellent opportunity to acquire a fully let, income-producing office investment located within the highly regarded Electric Wharf development, just a short walk from Coventry City Centre.
The property comprises a ground floor office suite extending to approximately 560 sq. ft (52.03 sq. m NIA), forming part of the modern Cable Yard building. The unit benefits from a well-established office location, attractive canal-side setting, and strong connectivity to the city centre and wider road network.
INVESTMENT SUMMARY
Price: £95,000
Tenure: New 250-year long leasehold (peppercorn ground rent)
Income: £8,500 per annum
Growth: Fixed 2% annual compounded uplifts
Term: 3 years certain
Breaks: No tenant break options
Gross Yield: 8.95%
The property offers a secure and predictable income stream, with built-in rental growth throughout the term.
INCOME PROFILE
The lease provides for fixed annual uplifts, offering a clear and attractive income trajectory:
Year 1 – £8,500
Year 2 – £8,670
Year 3 – £8,843
This structured growth provides reversionary income without reliance on open market rent reviews, offering both clarity and stability for investors.
TENANCY DETAILS
Tenant: Insync Recruitment Ltd
Lease Term: 3 years from 26th February 2026
Break Option: None
Rent Review: Fixed 2% annual uplift
Deposit: One quarter’s rent plus VAT
Security of Tenure: Contracted outside the Landlord & Tenant Act 1954
The lease is structured to provide certainty of income, with no tenant break options and fixed rental increases.
PROPERTY DESCRIPTION
The unit provides a well-configured ground floor office suite, suitable for a range of office occupiers. The space benefits from:
Open plan office accommodation
Good natural light
Kitchen facilities within the unit
Shared WC facilities within the building
Two allocated parking spaces
Secure and established office environment
The building forms part of the wider Electric Wharf estate, a well-known mixed-use development with a strong track record of office occupation.
LOCATION
Electric Wharf is an established and popular office and residential development situated on the edge of Coventry City Centre.
Walking distance to Coventry City Centre
Close proximity to Coventry Ring Road
Excellent access to A45, A46 and motorway network
Attractive canal-side setting
Nearby amenities including retail, food and leisure
The location continues to attract small and medium-sized businesses seeking accessible and well-presented office accommodation.
SERVICE CHARGE AND COSTS
A service charge is payable in respect of the building and wider estate management, with full cost recovery provisions in place.
Further details of the current service charge budget are available upon request.
INVESTMENT RATIONALE
This property represents an attractive opportunity for private investors seeking:
A low lot-size investment
Immediate income with no void risk
Fixed rental growth without reliance on market reviews
A modern, well-located office asset
Long leasehold tenure providing effective virtual freehold ownership
The combination of secure income, growth profile and accessible price point makes this a compelling entry-level investment opportunity.
VAT
VAT is applicable on the purchase price. The transaction may be structured as a Transfer of a Going Concern (TOGC), subject to the purchaser’s status.
VIEWINGS
Strictly by appointment through the sole selling agent:
James Brookes
Tel:
Email:
IMPORTANT NOTICE
These particulars are provided for guidance only and do not form part of any contract. Interested parties are advised to undertake their own due diligence.
