53-55 Butts Rd - Office FOR SALE
Coventry, WMD CV1 3BH |
$11,350,000 USD
53-55 Butts Rd
Coventry, WMD CV1 3BH
HIGHLIGHTS
- Earlsdon One is a highly prominent, Grade A office situated in a strategic location close to Coventry City Centre
- Potential to redevelop the property to a variety of alternative uses, subject to obtaining the necessary planning consents
- Situated on Butts Road, one of the City’s major arterial routes with excellent connectivity to Coventry Railway Station and the UK’s motorway network
- Earlsdon Park is an attractive, landmark building situated in a highly prominent position
OVERVIEW
Offers in excess of £11,350,000 (Eleven Million Three Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. This price reflects a net initial yield of 8.40% and a low capital value of £114 per sq ft. (assuming 6.71% purchaser’s costs).
This is also available to purchase as a portfolio sale with Earlsdon One.
FOR SALE DETAILS
PRICE
$11,350,000 USD
PRICE/SF
$65 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Earlsdon Park
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
9
BUILDING CLASS
B
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
484
LAND DETAILS
LAND ACRES
3.65 AC
LAND SF
158,994 SF
ZONING
-
APN/PARCEL ID
WM840439,WM947259,WM947819,WM989214
ASK ABOUT THIS PROPERTY
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