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Wells Terrace & Wells Court, Hearsall Lane, Earlsdon, Coventry

Offers in Excess of
£5,000,000

Business rates & charges may apply

Holt Commercial, Coventry
SECTOR
Commercial property for sale

Key features

  • Situated between Warwick University and Coventry City Centre
  • Currently managed by Warwick University Accommodation Services for this academic year
  • Current income from Warwick University £367,814 pa
  • Estimated achievable income circa £500,000 pa
  • Situated on a main bus route

Property description

FOR SALE

FREEHOLD STUDENT INVESTMENT

The properties are located fronting Hearsall Lane (B4101) to the north of the popular Coventry suburb of Earlsdon. The properties are very well located, being easily accessible to Earlsdon Village centre, along with easy access to Coventry City Centre just under a mile distant. The properties have the benefit of a bus stop immediately in front of the property on Hearsall Lane providing excellent public transport links to Warwick University, Coventry City Centre and Coventry University.

Wells Terrace and Wells Court are purpose built student accommodation facilities.
Wells Terrace was completed circa 5 years ago and Wells Court was completed circa 18 months ago.

Wells Terrace
Wells Terrace comprises 8 cluster flats arranged across 6 x 8 bed and 2 x 9 bed blocks. Each unit has a combined kitchen/dining area and 3 shower rooms.

Wells Court
Wells Court is a newly completed student facility of 28 beds arranged over 5 cluster flats. Rooms to the upper floors have ensuite bathrooms with shared kitchen and living areas.

The rooms on the ground floor have shared kitchen, living areas and bathrooms.
Both Wells Terrace and Wells Court benefit from broadband to each bedroom and to all communal areas.

Facilities are heated by way of gas central heating and windows are triple glazed.

To the rear of Wells Terrace there is parking for approximately 10 vehicles. Bicycle
parking is also available onsite.

Wells Terrace currently has an agreement in place with two years remaining with Warwick University Accommodation Services. Wells Court has a contract in place until the end of this academic year. There will not be a renewal of this agreement with Warwick University Accommodation Services and therefore, there will be potential for in-house management and an increase in the net rental income.

Current Income
The current income from Warwick University is £367,814 per annum. Estimated rental Value of circa £500,000 per annum assuming managed in-house.

Brochures

Wells Terrace & Wells Court, Hearsall Lane, Earlsdon, Coventry

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Coventry Station0.8 miles
  • Canley Station0.9 miles
  • Tile Hill Station2.9 miles

About Holt Commercial, Coventry

16 Warwick Row, Coventry, CV1 1EJ

Holt Commercial, Coventry
More properties from Holt Commercial, Coventry

Notes

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Disclaimer - Property reference 2548FH. 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 Holt Commercial, 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.

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