West Midlands Ambulance Service

Acting on behalf of Hortons’ Estate Limited, MK2 successfully advised on the sale of a modern Ambulance hub located at Ibstock Road, Coventry.  The property extends to 19,104 sq ft and is let to West Midlands Ambulance Service NHS Foundation Trust with 16 years unexpired at a rent of £126,966 per annum, equating to £6.64 per sq ft.

The property was sold to the Coventry Diocesan Board of Finance for £2,511,000 reflecting a net initial yield of 4.75%.