* Two storey offices on self - contained site
* 21 Car Parking Spaces
* Located Just Off A46 Eastern Bypass
* Long Leasehold investment opportunity
Long leasehold office investment sale opportunity
Meridian House is located on Binley Business Park, Coventry, circa 2. 8 miles
east of the City Centre benefiting from excellent road connectivity. Junction
2 of the M6 and M69 are circa 2. 5 miles to the north reachable via the A49,
providing convenient access to Birmingham, Rugby, Leamington Spa, Nottingham,
Tamworth and Stratford upon Avon.
Birmingham International Airport and the National Exhibition Centre are
located approximately 10 miles to the north west. There are half hourly rail
links to London Euston from Coventry mainline station with a journey time of
around 50 minutes.
Warwickshire Shopping Park, just 800 metres to the south east provides a
wealth of amenities including M&S Food Hall, Pure Gym, tgi Friday, Costa,
Boots and Morrisons. Other amenities including Lidl and McDonalds are
reachable within a similar distance.
Meridian House offers a self - contained, two storey office building with
extensive grounds with 21 car parking spaces. The property is of steel frame
construction with brick elevations and a pitched tiled roof with double
glazing throughout.
The current layout provides a reception area, open plan office accommodation
over two floors, several meeting rooms, private offices, kitchen and breakout
spaces.
Tenant: National Farmers Union Mutual Insurance Society Limited (the)
Current passing rent: £60, 000 per annum exclusive
Circa 5. 3 years remaining term
Rent Review due 25 December 2023
Purchase price of £725, 000 reflecting a Gross Yield of 8. 28% and a Net Initial
Yield of 7. 86% (assuming purchasers costs at 5. 35%)
Reversionary rent potential subject to review.

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