Commercial Property - Investment - Light Industrial Investment
The unit is situated on Rowleys Green Industrial Estate, Rowleys Green Lane, Coventry. The estate is some 4 miles north of Coventry City Center and approximately 1.5 miles from M6 Motorway Junction 3 via the A444 dual carriageway.
The subject property comprises a semi-detached end of terrace light industrial unit.
The property is of steel portal frame construction, with blockwork and profile steel clad elevations, underneath a dual pitched insulated roof incorporating translucent roof panels. There is a roller shutter at the front of the unit
The property is currently used as a forklift training facility.
The property will be sold subject to the existing occupational tenancy. A 5 year lease from 19th July 2024 expiring 18th July 2029 at an initial rent of £18,600 per annum exclusive drawn on Full Repairing and Insuring Terms (subject to a schedule of condition). There is a tenant option to break the lease on 19th July 2027 subject to no less than 3 months notice. There is an upwards only rent review provision on the 3rd year of the lease term
Gross Internal Area: 211.7 sq. m (2,279 sq. ft)
| Rateable Value: | £20,750 |
| Rates Payable 2026/27: | £TBC |
Payment of business rates is the responsibility of the tenant during the lease term
(Excludes Small Business Rates Relief which may apply)
The Rates Payable figure is an estimate. It does not take into account any Transitional Arrangements. It is important that interested parties verify this information with the relevant Borough Council Rating Department.
Available to purchase at an asking rent of £250,000 exclusive subject to the existing occupational tenancy
All figures quoted are exclusive of any VAT that the landlord may have a duty or choose to impose.
Each party shall bear their own legal costs involved in the transaction.
Strictly by appointment through the Sole Agents: HADLAND CHARTERED SURVEYORS TEL: 01604 639657
