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71-77 Wheelwright Ln
8,512 SF 100% Leased Office Building Coventry CV6 4HN £2,600,000 (£305.45/SF) 7.53% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Freehold healthcare property occupied by NHS GP practice, dentist, and pharmacy
- Secure long term income with outstanding rent reviews and asset management potential
- Located within popular residential suburb of Holbrooks approx. 2 miles north of Coventry City Centre
- Fully let on coterminous leases expiring September 2041 at total passing rent of £208,230 p.a.x.
- Approx. 8,512 sq. ft. on a site area of 0.77 acre
- Offers invited in the order of £2.6m reflecting a net initial yield of 7.53% (assumes purchaser’s costs of 6.4%)
EXECUTIVE SUMMARY
o Freehold healthcare property occupied by NHS GP practice, dentist, and pharmacy
o Fully let on coterminous leases expiring September 2041 at total passing rent of £208,230 p.a.x.
o Secure long term income with outstanding rent reviews and asset management potential
o Approx. 8,512 sq. ft. on a site area of 0.77 acre
o Located within popular residential suburb of Holbrooks approx. 2 miles north of Coventry City Centre
o Offers invited in the order of £2.6m reflecting a net initial yield of 7.53% (assumes purchaser’s costs of 6.4%)
o Fully let on coterminous leases expiring September 2041 at total passing rent of £208,230 p.a.x.
o Secure long term income with outstanding rent reviews and asset management potential
o Approx. 8,512 sq. ft. on a site area of 0.77 acre
o Located within popular residential suburb of Holbrooks approx. 2 miles north of Coventry City Centre
o Offers invited in the order of £2.6m reflecting a net initial yield of 7.53% (assumes purchaser’s costs of 6.4%)
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Subtype
Medical
Building Size
8,512 SF
Building Class
B
Year Built
2004
Price
£2,600,000
Price Per SF
£305.45
Net Initial Yield
7.53%
NOI
£195,780
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
4,256 SF
Building FAR
0.25
Lot Size
0.77 AC
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71-77 Wheelwright Ln
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