Property overview

Oak Tree Court & Compton Court, Binley Business Park, Coventry, CV3 2UN

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£3,300,000
Dec 2024

Atlas Real Estate, has successfully advised Loxton Developments on the acquisition of an office investment on Binley Business Park, Coventry.  The property was sold by LondonMetric Property Plc.

The property comprises two detached office buildings totalling 46,390 sq.ft NIA, built in the early 1990s.

Oak Tree Court is let to Coventry Building Society on a lease expiring on 23 June 2030.  The current rent is £395,000 per annum reflecting £15.27 per sq.ft.

Compton Court is let to Keoghs LLP for a term of year expiring on 19 June 2025.  The current rent is £237,500 per annum.

The property was acquired for £3,300,000 which reflected a net initial yield of 18.00% and a capital value of £71.00 per sq.ft.