55 Stoke Row, Coventry, CV2 4JP
Size
39,888
Tenure
Freehold
EPC
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Parking
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- Primary use
- Industrial park
- Other use(s)
- Other
Key features
- Multi-let industrial investment situated in an established industrial location in Coventry
- Large potential for rental growth, low average rental value of only £3.23 per sq ft
- The property extends to a Gross Internal Area of 39,888 sq ft
- Low capital value of only £40.11 per sq ft
- Total rental income of £128,940 including ERV for vacant Unit 5B
- Excellent transport links with easy access to the M1, M6 and M69
- Sale at £1,600,000 would represent a net initial yield of 7.61% (assuming Unit 5B is let and after allowing for purchasers costs of 5.34%)
Description
The property is currently partly let with only Unit 5B currently vacant with an estimated rental value of £4,800 per annum. Taking into account Unit 5B potential rent this would bring the total rental value to £128,940 per annum. The property offers significant rental growth through letting of vacant accommodation and active management.
The property is located at 55 Stoke Row, Barras Heath, Coventry, CV2 4JP, approximately 0.6 miles north east of Coventry City Centre within an established industrial area. The surrounding area comprises of a range of industrial units and residential properties.
The property benefits from strong road communications via the A4600, providing access to Junction 2 of the M6/M69 motorway network, Coventry Train Station is approcimately 2 miles away, whilst Birmingham Airport and National Exhibition Centre are approximately 12 miles away.
The multi-let industrial investment is available for offers in excess of £1,600,000
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Brochure
55 Stoke Row, Coventry, CV2 4JP
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 399240-1. 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.