£2,000,000

Warehouse for sale

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Leasehold

Offers over

£2,000,000

(£62.08/sq. ft)

Warehouse for sale

Rowley Drive, Stonebridge Trading Estate, Coventry CV3

32,219 sq. ft

Local area information

Property location

Nearby amenities

  • Baginton Fields School (SEN) 0.4 miles
  • St Anne's Catholic Primary School 0.6 miles
  • Coventry 2.2 miles
  • Canley 3.3 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Leasehold
  • 32,219 sq ft
  • 1.8 acres site
  • 3 roller shutters
  • Gates site with secure fencing
  • Easy access to M6, M40, M45, M1 motorways
  • Oieo £2,000,000
  • Cap Val of £62 psf
  • Estimated Rates Payable: £86669.11
Description

The property is located at the end of Rowley Drive to the right-hand side. There are two directions of access to the property; the left-hand entrance encompasses a tarmac yard to three electric roller shutter doors. The right hand direction of access leads into the main car park for the building, which has allocated car parking for around 100 vehicles. There is additional land to the west, also included in
the title, which could provide further yard space.

The main entrance is a glass fronted reception, into a two storey building of brick construction with a flat roof, which houses a large proportion of the available office accommodation over ground and first floors. The warehouse benefits from an eaves height of 5.47 meters and a central height of 7.4
meters. The building is in need of refurbishment.

Location

The property is extremely well located on the Stonebridge Trading Estate, immediately adjacent to Coventry airport and 3 miles south of Coventry city centre. Direct access is available to the A45 dual carriageway, which in turn links closely with the A46 providing easy access to Warwick, Leamington Spa and Stratford upon Avon. Between the two A roads, they give access to the M1, M6, M40, M42 and M69, giving excellent logistical potential.

Terms

Offers are sought in excess of £2,000,000 for the long leasehold interest, reflecting a low capital value of £62 psf.

More information

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