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Agent Details |
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ehB Commecial Ltd
Somerset House
Clarendon Place
LEAMINGTON SPA
Warwickshire
CV32 5QN
01926 888181 |
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Property / Business Search |
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TO LET (MAY SELL) MODERN HIGH QUALITY INDUSTRIAL/WAREHOUSE |
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Description:
The subject property comprises an end of terrace industrial/warehouse unit completed in 2004. The property was built to a modern specification being of steel portal frame construction with brick and blockwork walls and profiled sheet cladding. There is a 2-storey office pod front with full height glazed panels to the principal elevation.
Internally, the unit comprises a large open-plan warehouse/industrial area with a height to the underside of the haunch of 8m. The warehouse has a sealed concrete floor, painted blockwork walls and a single electrically-operated up-and-over loading door to the front. The warehouse has two gas-fired blower heaters and 3-phase electricity supply.
The centrally heated offices are fitted out to a modern specification, being carpeted and decorated throughout with electric heating, perimeter trunking and suspended ceilings with recessed cat II lighting.
To the front of the unit is a loading area and separate car park with space for 14 cars. |
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Location:
Tachbrook Park is widely regarded as the premier business park serving Leamington Spa and Warwick being situated approximately two miles to the south of Leamington Spa town centre and close to junctions 13 and 14 of the M40 motorway. Tachbrook Park is made up of a number of business occupiers including car dealerships, retail, office and industrial with occupiers including Thorn EMI, Building and Plumbing Supplies, Calor and Millward Brown. Close by there are a number of other estates including Spa Park, being the redevelopment of the former Automotive Products site, Heathcote Industrial Estate and Gallagher Business Park.
Hermes Court is situated on Hermes Road, which is accessed from the principal spine road to the estate being Tachbrook Park Drive. The subject property forms part of a terrace of industrial and warehouse units, all situated opposite a recently developed warehouse and trade counter facility for Building and Plumbing Supplies. Immediately next door within Spa Park, is a new facility that was recently constructed for Wolseley being in excess of 300,000 sq.ft. A location plan showing the unit within Tachbrook Park is attached hereto. |
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Accommodation:
The unit has a gross internal area as follows:-
Unit (Ground floor) 10,154 sq.ft. (943.73 sq.m) Entrance foyer, meeting room and office with warehouse.
Offices (First floor) 720 sq.ft. (66.89 sq.m) NET (4 Private offices)
Total Gross Floor area (Both floors) 11,185 sq.ft. (1,040 sq.m) |
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Freehold Price:
750,000 |
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Leasehold Rent:
62,500 |
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Rateable Value:
The rateable value £62,500. (2010 list) |
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Lease Terms:
The property is available by way of a new lease to be drawn on standard full repairing and insuring terms. As noted above, there will be a service charge provision for the recovery of any costs associated with the estate road, external lighting and communal areas.
The lease term is subject to negotiation.
SALE OF LONG LEASE
The vendors hold a 999 year lease, granted in 2006. Offers based on £750,000 exclusive of VAT will be considered. |
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Legal Costs:
Each party will be responsible for their own legal costs incurred in connection with this transaction. |
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Service Charge:
There is a service charge levied to cover the costs of maintenance of the central driveway, external lighting and external maintenance of the communal parts i.e. grass verges etc. |
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Planning:
Planning Consent for the development of the subject property was granted on 25 April 2003. The consent refers to the construction of "... production/warehouse units with ancillary offices, parking and service yards..." and we assume therefore, that the property has consent for any use within classes B1, B2 and B8 of The Town and Country Planning Act (Use Classes) Order 1987. |
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Parking:
14 On site car parking spaces |
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Viewing:
Through sole letting agents ehB Commercial on 01926 888181 . |
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The particulars given in respect of this property are believed to be correct but their accuracy cannot be guaranteed and they are expressly excluded from any contract. |
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