Commercial Property for sale

55 Stoke Row, Coventry, CV2 4JP

Contact Agent

Call Agent 024 7630 8902

Marketed by

Bromwich Hardy Coventry

The Cobalt Centre, 14 Siskin Pkwy E, Coventry CV3 4PE, UK

Properties for sale Properties to let

New

1 of 5

£1,600,000

55 Stoke Row, Coventry, CV2 4JP

39888 sq. ft (3705.72 m²)

Contact Agent Call Agent 024 7630 8902

Key features

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 comprises a substantial multi-let industrial complex which extends to 39,888 sq ft Gross Internal Area. The accommodation includes a range of workshops, warehouse, storage units and offices. The units all vary in size providing flexibility for occupiers.
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.

Reference: 399240_sales

All commercial properties for sale in Coventry

Marketed by

Bromwich Hardy Coventry

The Cobalt Centre, 14 Siskin Pkwy E, Coventry CV3 4PE, UK

Properties for sale Properties to let