Summary - UNIT 7B, PARAGON WAY CV7 9QS
1 bed 1 bath Heavy Industrial
Established income-producing unit with sizeable yard and workshop capacity for investors.
10,152 sq ft modern industrial facility
Large secure site: 0.65 acres with concrete yard
Let to Keltruck Limited; specialist Scania service operator
Income £70,000 pa under FRI lease
Lease expiry in under 5 years — lender risk
Four workshop bays, roller shutters, two inspection pits
High eaves circa 5.64m and mezzanine store
Built 1980; standard industrial maintenance expected
A substantial freehold industrial investment in a popular Coventry/Bedworth business park, comprising two adjoining units (7a & 7b) with secure yard and extensive on-site parking. The modern single-storey facility extends to 10,152 sq ft, sits on a large 0.65 acre plot and is currently let to a blue‑chip operator providing specialist truck servicing and parts sales. The building offers four workshop bays, roller shutter access, high eaves (c.5.64m), two vehicle inspection pits and integral office accommodation — configuration suited to continued trade or alternative industrial uses.
The asset produces a current rental income of £70,000 per annum under a full repairing and insuring lease with just under five years unexpired. This makes the property attractive to investors seeking immediate income from a tenant with an established covenant, but the relatively short unexpired term is a material consideration: many lenders may decline finance against this asset and lease renewal risk should be factored into purchase plans.
Constructed in the 1980s to a steel portal frame with brick and cladding elevations and insulated roof, the property is robust and functional. There is potential for rental reversion or redevelopment (subject to consents) given the sizable plot and on-site yard. Buyers should allow for normal industrial wear, potential plant replacement over time, and the requirement to manage lease expiry timing and tenant negotiations if seeking to refinance or re-let in the medium term.
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