Units 13A-D, Princes Drive, Kenilworth, CV8 2FD
Size
8,065
Tenure
Freehold
EPC
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Parking
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- Primary use
- Light industrial
- Other use(s)
- Other, Other
Key features
- Passing rent £53,350 per annum exclusive
- NIY 6.75%
- Opportunities for rental growth
- High-demand location
- Tenancy schedule available on request
Description
Each unit is occupied on a commercial lease, all of which are available on request. The total passing rent is £53,350 per annum exclusive, equating to a net initial yield of 6.75% at the quoting price of £750,000 (assuming purchaser's costs of 5.4%).
The EPC rating of each unit is as follows:
13A - B
13B - C
13C - C
13D - C
Copies are available on request.
The property is situated on the Princes Drive Industrial Estate, located off the A429 Coventry Road heading north-east out of Kenilworth towards Coventry. Princes Drive provides a premier industrial/ warehouse estate in Kenilworth with a mix of local and regional occupiers. Coventry lies approximately two miles to the north-east via the Coventry Road which provides links to Kenilworth Town Centre and also to the A46 dual carriageway via, for example, Stoneleigh Road nearby.
Kenilworth has experienced a prolonged period of industrial demand outweighing supply, due to a lack of construction in the area.
The property is available freehold under Titles WK346467 & WK316662.
- Clear height
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- Yard depth
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- Service charge
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- Business rates
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- Use class
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- Listed building
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- Floors in building
- 1
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Units 13A-D, Princes Drive, Kenilworth, CV8 2FD
About Bromwich Hardy LLP, Coventry
Bromwich Hardy is a dynamic property consultancy and agency based in the heart of the Midlands, Coventry.
Founders of the company, Richard Hardy and Tom Bromwich, have over 50 years of experience between them, dealing with all aspects of the commercial property market.
They are both very well known in the industry and have complementary skills and expertise. Tom Bromwich has an unparalleled and intimate knowledge of the Midland's regional market and Richard Hardy has a deep understanding of how best to meet the needs of nation-wide organisations with interests right across the UK.
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Disclaimer - Property reference 377594-1. 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 Bromwich Hardy LLP, Coventry. 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.