Property Information
Address:
Unit 5, Bayton Way, Exhall, Coventry
, CV7 9ER
Price: Property no longer available.
Size: 4433 sq ft411 sqm
Primary Category: Industrial
All Categories:
Industrial,
Property Ref/Movehut: MH585791
Property Ref/Agent: Unit 5, Bayton Way, Exhall, Coventry, CV7 9ER
*Please use the agent ref when calling the agent directly.
Property description
Reversionary Industrial Investment
4,433 Sq Ft Gross Internal Area (411.83 Sq M)
Excellent Location
Excellent Rental Growth Prospects
Location
Bayton Way is located off Bayton Road in Exhall, to the North of Coventry City Centre. The property is well located being adjacent to junction 3 of the M6 Motorway and the A444 Phoenix Highway.
Description & Accommodation
Unit 5 Bayton Way comprises an end of terrace industrial
warehouse with yard area/parking to the front.
The property is of traditional steel portal frame construction built to an eaves height of approx. 3m. The unit has fair faced brick elevations and the pitched roof has a modern replacement profiled steel cladding system incorporating a number of roof lights.
The property is currently occupied as a print workshop and includes ancillary offices. There is a 3 phase electricity supply and a single roller shutter door.
Accommodation:
The unit has a Gross Internal Area 4,433 Sq Ft (411.83 Sq M).
Externally there is generous parking provisions plus further yard and storage area.
Services
All mains services are connected
Tenure
The property is to be sold Freehold subject to a single occupational lease
The lease is for a term of 6 years from 1st Feb 2013 expiring 1st Feb 2019. The tenant is Prespac Ltd currently paying a rent of £12,000 per annum excl. The lease is drawn on full repairing and insuring terms.
The rent passing equates to only £2.71 per Sq Ft and is therefore highly reversionary. We would anticipate a rental value somewhere in the region of £4.50 Per Sq Ft at lease renewal.
Price
Offers are invited in the region of £230,000 excl.
Rates
The rateable value for the current year is £14,000
EPC
To Be Assessed
Legal Costs
Each party will be responsible for their own legal costs
;