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AN AFFORDABLE investment opportunity has arisen in Meriden, which may suit the budget of a smaller investor.

The freehold of an office property at 15 Birmingham Road, in Millison's Wood, has been made available for sale through commercial property agents Shortland Horne.

Offers for the 408 sq ft property, which has forecourt parking, are invited in the region of pounds 95,000.

The offices are currently let at a passing rent of pounds 7,000 on an agreement that lasts until May 2012.

The present occupiers have been in the building for more than 11 years.

David Penn, of Shortland Horne, said: "This is a great opportunity for someone looking to make a first investment in a commercial property.

"The current tenant has already been there for more than a decade and is committed for at least another four years, so the income should be secure for some time to come. So we believe it would make a very sound investment choice, particularly as it's in a great location with superb access to Birmingham, Coventry, Solihull and south Warwickshire."

For more information contact Shortland Horne on 024 7628 4088.
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Title Annotation:Business
Publication:Coventry Evening Telegraph (England)
Date:Feb 18, 2008
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