CV4 West Park Trade Centre, Coventry

Reversionary Multi-let Industrial Investment

West Park Trade Centre extends to 60,433 sq ft GIA across 17 industrial units, 3 offices and a café. The estate comprises a mix of industrial and trade counter units, which have been developed over a number of years. The units are predominantly constructed of steel portal frame with profile metal cladding and brick elevations.

The three office buildings situated at the front of the estate are constructed of brick elevations under flat roofs.

The estate occupies a site of approximately 3 acres, providing low site coverage and future asset management potential.

The estate is let to 11 industrial tenants, a café, a retailer, 3 conventional office leases and 12 flexible office tenants across 60,433 sq ft in total. The total passing rent is £510,663 per annum with a WAULT of approximately 2.9 years to expiry and 2.6 years to break. 42% of the income is secured by Screwfix, Toolstation, Clements Tool Hire. 80 % of the income designated x9Very Low Riskx9 by Credit Safe. The landlord will provide a 12 months rent, rates and service charge guarantee on the vacant flexible office suites.

Re-gearing leases and securing longer income

Letting remaining offices in William House

Driving rental growth towards an ERV of £570,000 per annum

Refurbishment of units upon lease events to improve the rental tone

Build out previously secured planning consent for 2 new units totalling 4,300 sq ft on the east side of the estate.

Multi let industrial / trade counter estate in an established to the west of Coventry City centre.

Situated in West Park Trade Centre, approx. 3 miles from Coventry city centre and benefiting from excellent access to the A45, A46 and wider Midlands motorway network.

The estate extends to 60,433 sq ft across 17 industrial units, 3 office buildings and a café and a retail unit.

97% let to 28 tenants.

75% of the income secured against industrial occupiers.

Site coverage of approximately 45% across a site of circa 3 acres, offering strong underlying real estate fundamentals.

Current income of £510,663 per annum.

3 acre site

Asset Management Opportunities

Parking Provision

24/7 access

Central Service Yard

Secure site with gated access

West Park Trade Centre is located within the established Industrial Area of Torrington Avenue to the west side of Coventry, approximately 3 miles west of Coventry city centre.

The estate is located on Torrington Avenue, providing excellent access to the A45, A46 and in turn the M6 and M42. Birmingham is located approximately 20 miles to the northwest, with London approximately 100 miles to the south. Coventry benefits from strong transport connectivity, with nearby mainline rail services from Coventry Station to Birmingham, Leamington Spa, London Euston and other major UK cities.

The surrounding area is characterised by a mix of industrial, trade counter and roadside occupiers. Notable nearby occupiers include Amco, ALS Laboratories and Kite Packaging.