• Located on Seven Stars Industrial Estate which is to the south east of the city centre and close to the A45

• Modern, steel framed industrial unit comprising a large warehouse area with associated offices arranged over two floors totalling 32,541 sq ft (GIA) with an additional external canopy of 2,844 sq ft

• The warehouse is let to Priority Freight (Midlands) Ltd at a current passing rent of £240,000 per annum for a term of 15 years (without break) until 14.01.2031

• The current passing rent equates to £6.78 psf on an overall basis which is highly reversionary

• The lease is subject to fixed uplift to £290,000 per annum in January 2028

• Long leasehold from Coventry City Council with approximately 89 years unexpired

We are seeking offers in excess of £2,000,000 subject to contract and exclusive of VAT. After allowing for purchaser’s costs of 6.80%, this would reflect:

Net initial yield: 8.75%

Capital Value: £61 psf

Reversionary Yield: 11.08% in January 2028*

*Based on the fixed uplift of £290,000 per annum