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Binley Business Park 3 Orchard Court 4,540 sq ft Office Property Coventry CV3 2TQ £810,000 (£178.41/sq ft) 9% Net Initial Yield
Investment Highlights
- Fully fitted medical accommodation
- Fully let investment to a national healthcare provider with a strong covenant and growing operational footprint
- Long leasehold interest with secure income extending to 2031 and no remaining break options
Executive Summary
The accommodation comprises a fully fitted medical facility arranged over ground and first floors. The space has been extensively adapted to provide consultation rooms, operating theatres and patient recovery areas, supported by modern finishes including suspended ceilings, LED lighting, comfort cooling and tenant-installed mechanical and electrical systems. WC facilities are available on both levels, with a passenger lift serving the floors, making the space suitable for healthcare and clinical occupiers.
Rent - £76,954 per annum (only £16.95 per sqft)
Tenant 2025 figures: Turnover - £94m, PTP - £16m, Net Assets - £65.5m
Rent - £76,954 per annum (only £16.95 per sqft)
Tenant 2025 figures: Turnover - £94m, PTP - £16m, Net Assets - £65.5m
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Property Size
4,540 sq ft
Costar Property Class
B
Year Built
1997
Price
£810,000
Price per sq ft
£178.41
Yield
9%
NOI
£72,900
Tenancy
Single
Number of Floors
2
Typical Floor Size
2,270 sq ft
Parking
23 Spaces (5.07 Spaces per 1,000 sq ft Leased)
Amenities
- EPC - C
- Central Heating
- Fully Carpeted
- Suspended Ceilings
- Air Conditioning
- Raised Floor System
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Binley Business Park | 3 Orchard Court
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