Earlsdon Park & Earlsdon One, 53-55 Butts Road, Coventry

*** PRICE ON APPLICATION ***

Property Details: • Type: 65,112 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Highly prominent mixed use scheme let to strong tenant covenants • Prominently located value add or repositioning opportunity • Adjacent to Coventry ring road less than 1 mile from Coventry City Centre • Earlsdon Park extends to c.99,000 sq ft on large 3.65 acre city centre site • Earlsdon One is a highly prominent, Grade A office • BREEAM ‘Excellent’ and EPC ‘B’, • Potential to redevelop to a variety of alternative uses, subject to planning • Freehold

Location: • Nearest Station: Coventry Station • Distance to Station: 0.6 miles

Agent Information: • Address: 55 Colmore Row, Birmingham, B3 2AA

Full Description: EARLSON PARKEarlsdon Park is an attractive, landmark building situated in a highly prominent position comprising a 100 bedroom hotel with ground floor reception, commercial kitchen and dining area, 23,358 sq ft of refurbished office accommodation, 620 seat theatre & auditorium plus studio space and café with bar.PROPOSAL - We are instructed to seek 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).EARLSDON ONE Earlsdon One is a self-contained HQ opportunity, offering over 72,000 sq ft of Grade A accommodation with an impressive reception and fully fitted offices incorporating a substantial 484 space multistorey car park.PROPOSAL - We are instructed to seek offers in the order of £4,985,000 (Four Million Nine Hundred and Eighty Five Thousand Pounds) subject to contract and exclusive of VAT. This price reflects an extremely low capital value of circa £50 psf applied to 65,112 sq ft vacant office accommodation and a 10% NIY applied to the ground floor and car park income.

The properties are situated on the south side of Butts Road (B4101) which connects with the Coventry Ring Road (A4053).The site is highly visible from the main road which connects Coventry City Centre with areas to the south of Birmingham via the A45.The site is bounded to the east by Coventry Rugby Club stadium and to the south by a modern ExtraCare operated assisted-living village.Earlsdon Park & Earlsdon One are strategically located in close proximity to Coventry City Centre.Within walking distance to numerous retail and leisure amenities within the city centre and 0.7 miles from the Coventry Train & Bus Interchange.