Rare opportunity to buy quality offices
A fantastic investment opportunity which lends itself to part occupation and part income generation is on the market through leading independent commercial property specialist Bromwich Hardy.
Offers in the region of £1.5 million are sought for Elliott Court, an eight-building development which is part of the very well established Coventry Business Park. The first floor of unit 1120 is currently let, and the ground floor is vacant. The sale also includes seven other buildings, which are let on long leases.
Mark Booth, graduate surveyor at Bromwich Hardy, said: “There is a good quality tenant on the first floor of unit 1120 but there is an opportunity for the buyer to occupy the ground floor for their own business, making this a perfect choice for both investors and owner-occupiers.
“The first floor generates a rent of £35,365 at the moment, but that will rise to £70,530 when a rent incentive ends in November 2024.
“Coventry Business Park is a very popular location, with great links to the Midlands motorway networks and local train stations. The whole site is offered freehold - this sort of investment opportunity doesn’t come along very often.”
The business park has excellent amenities for workers, including a Sainsbury's supermarket and various drive-thru and eat-in food options. Coventry mainline station is nearby and it is well served by bus links into Coventry City Centre.
Unit 1120 is a detached, brick built office block with key pad and fob access and a phone entry system for visitors. There are two unisex toilets and a disabled toilet, as well as a kitchenette.
The flexible office space is open plan, with raised floors, suspended ceiling with recessed lighting, double glazing and central heating with a retro-fit cooling system.
Elliott Court is attractively landscaped and has plenty of parking – the first floor tenants of unit 1120 occupy 28 spaces, and there are a further 25 spaces available for the ground floor occupants.
The additional seven units are also offered freehold. All are let on long leases, on peppercorn or low annual rents.Watch the virtual tour to find out more about unit 1120, or contact Bromwich Hardy on 024 7630 8900 or email@example.com
17 February 2023