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Unit K1 6 Herald Way 15,328 sq ft Industrial Property Coventry CV3 2NY £950,000 (£61.98/sq ft) 6.57% Net Initial Yield
Investment Highlights
- Good transport links
- Income producing asset
- The property is let to One Vision Imaging Limited
Executive Summary
The property comprises part of a purpose built detached four bay warehouse. The warehouse is of steel portal frame construction with brick, block work and profile cladding elevations.
The unit is self-contained with two storey offices and benefits from its own mains services. There is one roller shutter, with space for another (depending on configuration), a yard and ample car parking at the front for a unit of this size. The eaves rise to 4.75m and there is an apex of 6.1m.
Offers in the region of £950,000 (nine hundred and fifty thousand pounds), which reflects a Net Initial Yield of 6.57% and a reversionary yield of 6.87%.
The unit is self-contained with two storey offices and benefits from its own mains services. There is one roller shutter, with space for another (depending on configuration), a yard and ample car parking at the front for a unit of this size. The eaves rise to 4.75m and there is an apex of 6.1m.
Offers in the region of £950,000 (nine hundred and fifty thousand pounds), which reflects a Net Initial Yield of 6.57% and a reversionary yield of 6.87%.
Property Facts
| Price | £950,000 | Costar Property Class | B |
| Price per sq ft | £61.98 | Total Plot Size | 0.45 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 15,328 sq ft |
| Yield | 6.57% | No. Floors | 3 |
| Tenure | Freehold | Year Built | 2000 |
| Property Type | Industrial | Tenancy | Single |
| Price | £950,000 |
| Price per sq ft | £61.98 |
| Sale Type | Investment |
| Yield | 6.57% |
| Tenure | Freehold |
| Property Type | Industrial |
| Costar Property Class | B |
| Total Plot Size | 0.45 ac |
| Net Internal Area (NIA) | 15,328 sq ft |
| No. Floors | 3 |
| Year Built | 2000 |
| Tenancy | Single |
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Unit K1 | 6 Herald Way
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