Investment details
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Barclays Bank Plc, Westwood Business Park
120 Longwood Close, Coventry
CV4 8JG
Office
Status - Sold
Tenure - Long Leasehold
Total floor area - 126,563 sq ft
Price - £19.0 million
Net initial yield - 8.00%
Well secured single let office investment comprises three buildings developed for Barclays in the early 1990s. Let to Barclays Bank plc on three separate FR&I leases for a term of 20 years from 31 December 2004, at a total rent of £1,605,854 per annum. Each lease contains a tenant option to determine in December 2014, and annually thereafter. Minimum 10.5 years secure income from Barclays Bank Plc.
Downloads
Property brochures
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Lease - Welland House
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Lease - Avon House
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Lease - Swift House
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Floor plan - Welland House
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Floor plan - Avon House
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Floor plan - Swift House
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Agent details
Lambert Smith Hampton
Ali Rana
Telephone: 020 7198 2224
Mobile: 07739 019 717
Office: London
arana@lsh.co.uk
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Lambert Smith Hampton
Mike Tench
Telephone: 020 7198 2248
Mobile: 07823 537 103
Office: London
mtench@lsh.co.uk
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