Property photos
Just added
Freehold
Offers over
£4,000,000
(£100.26/sq. ft)
Industrial for sale
Unit 3, Progress Way, Binley Industrial Estate, Coventry CV339,895 sq. ft
Local area information
Property location
Nearby amenities
- St Bartholomew's Church of England Academy 0.5 miles
- Ernesford Grange Primary School 0.7 miles
- Coventry 3.2 miles
- Coventry Arena 4.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Freehold Investment - Sale and Leaseback
- Located on the established Binley Business Park in the heart of Coventry and within the UK's premier logistics "Golden Triangle"
- Excellent transport links to the M6, M45, M42 and M1 motorways.
- Extending to approximately 39,895 sq. Ft. Of warehouse, office and ancillary accommodation. Warehouse eaves height of 9.6m
- Let on effective Fri terms to HydroGarden Limited who have an Experian credit rating of 100 reflecting very low risk
- Hydrogarden occupy the adjoining unit and there will be the right of first refusal to acquire, if the property were to be sold
- Offers in excess of £4,000,000 (Four Million Pounds) subject to contract and exclusive of VAT
- New Reflecting a net initial yield of 7.04% and £100 per sq. Ft. Capital value assuming purchasers' costs of 6.54%key point...
Description
Unit S3 is a modern distribution warehouse of steel portal frame construction and insulated profile metal sheet cladding and roof system. The internal office accommodation has recently been constructed. The site has the asset management potential to increase parking capacity on the site by removing the side lean-to (illustrated on brochure page 4). The registered title boundary includes the access road Lifford Way. The road services both Unit 3 and neighbouring occupiers. The registered title boundary includes the access road Lifford Way. The road services both Unit 3 and neighbouring occupiers. Further tenancy details can be located on page 6 of the brochure and further account information can be made available on request.
Location
Located within the "Golden Triangle, " a prime logistics region in the UK known for its exceptional connectivity. Situated in Coventry, this property benefits from quick access to several major motorways: The M6, M69, M40, and A46, offering seamless routes to Birmingham, Leicester, London, and the wider Midlands. This strategic positioning makes it ideal for businesses in distribution and logistics, allowing efficient transportation across the UK. The Binley Industrial Estate itself is a well-established commercial area with robust infrastructure and access to a variety of essential amenities.
Unit S3 is a modern distribution warehouse of steel portal frame construction and insulated profile metal sheet cladding and roof system. The internal office accommodation has recently been constructed. The site has the asset management potential to increase parking capacity on the site by removing the side lean-to (illustrated on brochure page 4). The registered title boundary includes the access road Lifford Way. The road services both Unit 3 and neighbouring occupiers. The registered title boundary includes the access road Lifford Way. The road services both Unit 3 and neighbouring occupiers. Further tenancy details can be located on page 6 of the brochure and further account information can be made available on request.
Location
Located within the "Golden Triangle, " a prime logistics region in the UK known for its exceptional connectivity. Situated in Coventry, this property benefits from quick access to several major motorways: The M6, M69, M40, and A46, offering seamless routes to Birmingham, Leicester, London, and the wider Midlands. This strategic positioning makes it ideal for businesses in distribution and logistics, allowing efficient transportation across the UK. The Binley Industrial Estate itself is a well-established commercial area with robust infrastructure and access to a variety of essential amenities.
More information
Listed by
Bromwich Hardy
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