Syndicate Type: Geared
Asset Type: Warehouse/Industrial
Property Address: Coventry South Delivery Office, Orchard Business Park, CV3 4RP
Tenant: Royal Mail Group Ltd
Break Option: 08/11/2025
Lease Expiry: 07/02/2036
Passing rent: £232,535
The property is located within Coventry, a major commercial centre in the West Midlands. The city is located approximately 90 miles north of London, 15 miles east of Birmingham and 10 miles north of Warwick. The city stands at the hub of the motorway network, providing direct access to the M69, M6 and M40 motorways, with links to the M42
Birmingham orbital motorway. Rail services to London Euston take approximately 65 minutes. Major facilities include the Lower Precinct, West Orchards, Central Six, Cathedral Lanes and Arena Park shopping centres. The property itself is situated approximately 2 miles south east of the city centre close to the junction of the A45 and A46 and just off Tollbar End. The property forms part of a development to be known as Orchard Business Park and is behind Airport Retail Park where occupiers include PC World, Currys, Dunelm and Courts. Close by and to the south of the property are Middlemarch Business Park and Coventry Airport. Access to the property is via a service road off the B4110 London Road which in turn leads off the island at Tollbar End.
The subject is a recently completed single storey distribution warehouse designed for the use of Royal Mail situated within a 2.23 acre secured site. The building comprises a steel portal frame with a minimum 6m clear height to haunch with one external wall of brick construction and the other three to have vertically mounted Kingspan composite cladding
panels. The roof is low pitch and is clad with Kingspan composite roofing panels incorporating 15% polycarbonate rooflights. The internal fit out works will include internal divisions to provide office/welfare areas, toilets, etc. Externally there is a substantial concrete surfaced yard area and tarmacadam surfaced parking areas.