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(Lex Autolease) Site at Foleshill Rd Terrain 4,05 ha À vendre 17 499 313 € Coventry CV6 7DW
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INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Birmingham is situated 20 miles to the west and London is approximately 95 miles southeast.
- The site is approximately 2.5 miles north of Coventry city centre, at the junction of Foleshill Road and Old Church Road.
- Coventry is located at the heart of the UK. It is the second largest city in the West Midlands, and the 11th largest in the country.
RÉSUMÉ ANALYTIQUE
• Prime, Golden Triangle location, with excellent access to the M1, M6 and M42 Motorways;
• Extremely low site coverage of 8% providing excellent future development potential, subject to planning;
• The asset comprises a modern vehicle storage, distribution and sales facility, with a number of workshops, sales showroom and offices, and secure external areas;
• The site is fully secure, with external areas laid to tarmacadam, allowing space for approximately 1,500 vehicles;
• Prominently situated at the junction of Foleshill Road and Old Church Road, and benefitting from extensive frontage and excellent transport links, with Junction 3 of the M6 Motorway approximately 2 miles north.
• Let in its entirety to the undoubted covenant of Lex Autolease Limited (5A1) expiring 20 May 2034, providing a term certain of approximately 9 years;
• Lex Autolease Limited is a wholly owned subsidiary of Lloyds Banking Group;
• The current passing rent is £1,192,491 per annum, reflecting a low £2.74 psf overall;
• The lease provides five-yearly RPI-linked rent reviews, subject to a collar and cap of 2% and 4% per annum compounded. The next rent review is 21/05/2029;
• Sub-let to Suresell Limited, expiring 30 May 2026.. The sub-lease is guaranteed by BCA Trading Limited (5A2).
INFORMATIONS SUR L’IMMEUBLE
| Prix | 17 499 313 € | Type de bien | Terrain |
| Type de vente | Investissement | Sous-type de bien | Terrain residentiel |
| Condition de vente | Projet de requalification | Usage proposé | Développement de lots planifié |
| Droit d’usage | Pleine propriété | Surface totale du lot | 4,05 ha |
| Nb de lots | 1 | Rues transversales | Old Church Road |
| Prix | 17 499 313 € |
| Type de vente | Investissement |
| Condition de vente | Projet de requalification |
| Droit d’usage | Pleine propriété |
| Nb de lots | 1 |
| Type de bien | Terrain |
| Sous-type de bien | Terrain residentiel |
| Usage proposé | Développement de lots planifié |
| Surface totale du lot | 4,05 ha |
| Rues transversales | Old Church Road |
1 LOT DISPONIBLE
Lot
| Prix | 17 499 313 € | Surface du lot | 4,05 ha |
| Prix par ha | 4 324 174,30 € |
| Prix | 17 499 313 € |
| Prix par ha | 4 324 174,30 € |
| Surface du lot | 4,05 ha |
Rare opportunity to acquire a 10 acre freehold open storage site, offering an undoubted covenant, an attractive RPI linked rental uplift and future development potential.
DESCRIPTION
The site is approximately 2.5 miles north of Coventry city centre, at the junction of Foleshill Road and Old Church Road. Foleshill Road provides direct access to the city centre and links with the A444 dual carriageway, which in turn provides direct access to Junction 3 of the M6 Motorway, approximately two miles north. The site had operated as the strategic hub and epicentre of the nationwide Car Store network, with used car stock being serviced, stored, prepared for sale, and distributed to the network of nine regional Car Store sites across the UK. Owing to the properties central location it is ideal for its existing use, covering a large and established market territory, and being positioned at the heart of the UK’s automotive network. The property is well located for an array of alternative high value uses, subject to planning
Présenté par
(Lex Autolease) Site at | Foleshill Rd
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