- Light Industrial
The subject premises form part of an established industrial estate situated on the western outskirts of Old Arley approximately 9 miles west of Coventry city centre. The estate is easily accessed off the B4098 Tamworth Road and is about 8.5 miles from the M6 Motorway at Junction 4 and the M42/M6 toll intersection. The Birmingham city centre is approximately 10 miles distant.
The property comprises a modern detached industrial unit with first floor offices (and useful yard/parking area attached) having been attractively refurbished in recent times and benefitting from gas-fired central heating and UPVC double glazing. In addition there are 42 solar panels installed on the main roof of the building (which provides for significant savings on electricity usage), a fire security system and intruder alarm system is installed, there are security shutters to the ground floor windows and doors and palisade security fencing is provided to the perimeter of the site with double gates for access.
Currently the first floor offices are let in two suites generating a rental income of £1,600 per calendar month, i.e. £19,800 per annum (inclusive) and the ground floor is available with vacant possession. Alternatively the Vendor would be prepared to contemplate taking on a tenancy of the ground floor at £700.00 per calendar month providing for a potential rental income of £28,200 per annum (inclusive) in those circumstances.
Ground Floor: 2,324.00 sqft
First Floor: 2,324.00 sqft
Total: 4,648.00 sqft