Demand for industrial property hots up as £1m Coventry unit hits the market

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A Coventry industrial unit has gone on the market with a price tag of £1m for the freehold, as the West Midland industrial market continues to see record levels of demand for freehold industrial property.

Property agents Godfrey-Payton, who have offices in Coventry, Warwick and Market Harborough, are selling 384 Stoney Stanton Road in Coventry on behalf of a private investor based in the South East.

The prominently located industrial unit, with forecourt and rear yard, is available freehold for offers in the region of £1m, or to rent, based on £60,000 a year.

Ross Bendall, senior commercial surveyor at Godfrey-Payton, said: “We are already receiving strong interest in this property – such is the demand for well-located industrial units.

“384 Stoney Stanton Road is about one mile from Coventry city centre and the Inner Ring Road, and less than three miles from Junction 3 of the M6.”

The property has a gross internal area of 7,446 sq ft, includes offices and has an eaves height of 15’ .

Bendall added: “The premises have been used previously as a tyre fitting centre, however could be suitable for a variety of other purposes, subject to planning permission and other relevant consents.”