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8 Unit Industrial Investment Common Lane Industrial Estate, Common Lane, Kenilworth, Warwickshire, CV8 2EQ

For Sale

  • Industrial / Warehouse, Investment
  • 10,278 Sq Ft
  • £750,000

Multi-let industrial estate with development potential

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Key Features

  • 8 units
  • Popular industrial location
  • Long-standing tenants
  • Flexible leases (tenancy schedule on request)
  • Rent roll of £41,485 per annum
  • Large potential for rental growth
  • Major development potential

Property Description

The investment comprises a scheme of small industrial units plus one office building. The units are fully let, bringing in an annual rent roll of £40,950 and many of the tenants have occupied the estate for a number of years. The office building is located at the front of the estate, parallel to the estate road, with the remaining units being behind. The site benefits from a large car park in the centre of the estate, which provides ample parking for the occupiers. The units are exempt from EPCs and the exemption certificates are available on request.
Viewings
By appointment with Bromwich Hardy.
Terms
Available freehold under Title WK7276. Register and Title Plan available on request. The two parking spaces highlighted red on the main image are to be leased back to the vendor at a peppercorn rent.

Location

Kenilworth is a popular industrial location, suffering from a lack of available units, particularly at the smaller end of the market. Common Lane Industrial Estate is a long-established business location, home to numerous reputable occupiers, and has been the home of the Alvis Car Company for many years. The estate is surrounded by residential areas.

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