Successful Sale of Commercial Investment Property in Coventry

Andrew Dixon & company is pleased to announce the successful sale of a prominent commercial investment property located at 7a & 7b Paragon Way, Bayton Road, Exhall, Coventry. The modern, detached industrial facility extends to approximately 10,152 square feet and sits on a site of 0.65 acres, providing a secure yard and on-site parking. It is situated within the established Bayton Road industrial Estate, a well-connected and popular industrial area, which lies approximately 1.5 miles from Junction 3 of the M6 motorway and close to major transport links.

The property is leased to Keltruck Limited, a major service and repair provider for Scania commercial trucks, on a 10-year full repairing and insuring (FRI) lease, with just under 5 years unexpired. The property currently generates a rental income of £70,000 per annum, providing an attractive return for the new owners. Keltruck Limited, established in 1983, is the largest independent distributor in the TRATON Group's Scania network, with multiple locations across the Midlands and South Wales.

Commenting on the sale, Andrew Dixon stated "This sale demonstrates the continued demand for high-quality, income-producing commercial assets in key industrial locations. The property's strong tenant covenant and established location made it a very attractive investment opportunity".