Welland House, Westwood Business Park, Coventry
32,330 sq ft
Description
Welland House is strategically located at Westwood Business Park, an established campus-style office park located 5 miles from Coventry City Centre.
The building comprises four office suites totalling 32,330 sq ft of Grade A office space.
Three of the suites are currently let to two tenants. There is one vacant suite totalling 7,000 sq ft.
Occupiers in the immediate proximity include Drvn Advanced Engineering, TradeSkills 4U, Idverde & Mountain Warehouse.
The park has attracted both national and international businesses including E.ON and Barclays Bank, and is adjacent to the University of Warwick, named as one of the UK’s top ten universities.
Suite A Welland House is vacant, providing immediate opportunity for reversion. In addition, the adjacent Longwood Place Student scheme demonstrates demand for a future student scheme on this c.1.49 acre site.
Total Income is £484,460 per annum.
Long leasehold; 150 years at a peppercorn expiring 10 August 2173, unless the site becomes student / co-living accommodation in the future.
We are instructed to seek offers in excess of £2,025,000 (Two Million and Twenty-Five Thousand Pounds) reflecting a net initial yield of 22.5%and a low capital value of £62.63 per sq ft assuming standard purchasers' costs of 6.28%.
The building comprises four office suites totalling 32,330 sq ft of Grade A office space.
Three of the suites are currently let to two tenants. There is one vacant suite totalling 7,000 sq ft.
Occupiers in the immediate proximity include Drvn Advanced Engineering, TradeSkills 4U, Idverde & Mountain Warehouse.
The park has attracted both national and international businesses including E.ON and Barclays Bank, and is adjacent to the University of Warwick, named as one of the UK’s top ten universities.
Suite A Welland House is vacant, providing immediate opportunity for reversion. In addition, the adjacent Longwood Place Student scheme demonstrates demand for a future student scheme on this c.1.49 acre site.
Total Income is £484,460 per annum.
Long leasehold; 150 years at a peppercorn expiring 10 August 2173, unless the site becomes student / co-living accommodation in the future.
We are instructed to seek offers in excess of £2,025,000 (Two Million and Twenty-Five Thousand Pounds) reflecting a net initial yield of 22.5%and a low capital value of £62.63 per sq ft assuming standard purchasers' costs of 6.28%.
BUILDING HIGHLIGHTS
Strategically located at Westwood Business Park
Located 5 miles from Coventry City Centre
Four office suites totalling 32,330 sq ft
Three of the suites are currently let to two tenants
