Intali have recently helped AW James to complete the sale of three small industrial investment properties in Coventry following a relatively short period of marketing.
All three properties were located on the same Coventry Business Park estate known as Spitfire Close. Purchased by AW James when newly constructed by Deeleys in 2007, and varying in size from 2800 to 4250 sq ft. The 3 units were let to excellent covenants; Brammer UK, Grahams (SGBD) and Routeco Ltd (Sonepar Group). The rents ranging from £18,395 to £32,520 per annum. All three buildings were sold to two private investors with the tenants leases remaining for periods of between 2 and 8 years.
The prompt sale of these smaller industrial investments has led to the further possibility of sale of other industrial investment properties and offers have now been accepted on other properties in Coventry, Peterborough and Derby.
For further details about investments that are available from AW James Ltd please contact Adam Burdett at Intali on 08444 148100.