71-77 Wheelwright Ln - Medical FOR SALE


Coventry, WMD CV6 4HN
$2,600,000 USD
247-542-0269
71-77 Wheelwright Ln, Coventry, WMD for Sale
$2,600,000 USD
Medical - FOR SALE
1/4
null | 7.53% Cap Rate

71-77 Wheelwright Ln
Coventry, WMD CV6 4HN


HIGHLIGHTS

  • Freehold healthcare property occupied by NHS GP practice, dentist, and pharmacy
  • Fully let on coterminous leases expiring September 2041 at total passing rent of £208,230 p.a.x.
  • Secure long term income with outstanding rent reviews and asset management potential
  • Approx. 8,512 sq. ft. on a site area of 0.77 acre
  • Located within popular residential suburb of Holbrooks approx. 2 miles north of Coventry City Centre
  • Offers invited in the order of £2.6m reflecting a net initial yield of 7.53% (assumes purchaser’s costs of 6.4%)

OVERVIEW

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%)

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$305 USD /SF

CAP RATE

7.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

-

APN/PARCEL ID

MM14672,WM518955

ASK ABOUT THIS PROPERTY

Toby O’SullivanWatling Real EstateMore Info
247-542-0269

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Toby O’SullivanWatling Real EstateMore Info
247-542-0269

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.