Industrial Unit for sale Warwick CV34 6TL,1117sq ft

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Industrial Unit

Industrial Unit For Sale Warwick

PROPERTY ID: 117916

PROPERTY TYPE

Industrial Unit

STATUS

Under Offer

SIZE

1,117-5,348 sq.ft

Key Features

E Class Freehold Investment

Current Rental Income of £34,000 Per Annum

Estimated Rental Value of Whole £43,500 Per Annum Exclusive

Reduced Purchase Price £595,000 (VAT Not Applicable)

3 Separate Units with Parking

Close to M40 Motorway

Property Details

The Heathcote Industrial Estate is one of Warwick and Leamington's prime commercial zones, a well established industrial estate which has merged with Tachbrook Park. Located immediately to the south of Warwick and Leamington Spa,. The estate is very close to junctions 13, 14 and 15 of the M40 motorway, within a short distance of the A46 bypass and thereafter the Midlands and national motorway networks. Birmingham International Airport, the National Exhibition Centre and the Royal Agricultural Society are all located within 20 miles of the Heathcote Industrial Estate. The town boasts excellent rail links with Birmingham, Coventry and London with stations at Leamington Spa, Warwick town centre and Warwick Parkway.

A Development Of 3 Class E Buildings, Formally Warehouse And Workshop Premises, With Car Parking Abnd Loading Access To The Front. Currently Occupied. The Heathcote Industrial Estate Is One Of Warwick And Leamington's Prime Commercial Zones, A Well Established Industrial Estate Which Has Merged With Tachbrook Park. Located Immediately To The South Of Warwick And Leamington Spa,. The Estate Is Very Close To Junctions 13, 14 And 15 Of The M40 Motorway, Within A Short Distance Of The A46 Bypass And Thereafter The Midlands And National Motorway Networks. Birmingham International Airport, The National Exhibition Centre And The Royal Agricultural Society Are All Located Within 20 Miles Of The Heathcote Industrial Estate. The Town Boasts Excellent Rail Links With Birmingham, Coventry And London With Stations At Leamington Spa, Warwick Town Centre And Warwick Parkway. All Mains Services Are Connected To The Site. 3-phase Electricity Is Connected To The Development. 1 & 2 Triumph House Share A Supply And Globe House A Separate Electricity Supply. Globe House Is Fitted With A Gas Fired Heating Boiler. The Site Is To Be Sold Freehold Subject To The Following Lease Arrangements. Vacant Possession Of The Whole May Be Available. Unit 1 Triumph House Currently Let To Caterquip Ventilation Limited For A Term Of 3 Years, Commencing 25th December 2023 At A Rent Of £12,000 Per Annum, Rising To £13,000 For Year Two And Then £14,000 For Year Three. The Lease Is Excluded From Sections 24-28 Inclusive Of The Landlord & Tenant Act 1954. The Lease Is Drawn On Internal Repairing And Insuring Terms With The Tenant Paying An Annual Service Charge Towards Exterior Maintenance And Repair. Unit 2 Triumph House Currently Let To Base By Design Limited Subject To A Tenancy At Will On An Ongoing Basis At A Current Passing Rent Of £6,000 Per Annum. This Relates To Part Of The Demise Only. The Vendor Occupies The Predominate Floor Area. Globe House Currently Let To Globe Groceries Limited For A Term To Expire On The 11th February 2025. The Lease Is Drawn On Full Repairing And Insuring Terms Subject To A Schedule And Record Of Condition. The Current Passing Rent Is £16,000 Per Annum Exclusive. Class E (formerly B1 And B8) The Total Current Rental Income Is £31,500 Per Annum, With An Estimated Total Rental Value Of £43,500 Per Annum, Exclusive. Price Reduction £595,000 For The Freehold Interest. The Rateable Values For The Current Year Are As Follows;- Globe House: £15,500 Triumph House 1: £15,000 Triumph House 2: £12,000 Each Party Will Meet Their Own Legal Costs. Globe House: E 117 Triumph House 1: D 97 Triumph House 2: D 84 E Class Freehold Investment Current Rental Income Of £34,000 Per Annum Estimated Rental Value Of Whole £43,500 Per Annum Exclusive Reduced Purchase Price £595,000 (vat Not Applicable) 3 Separate Units With Parking Close To M40 Motorway Potential Vacant Possession Total Gross Floor Area 5,348 Sq.ft (497 Sq.m)

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About the Agent

ehB Reeves

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Industrial Unit

£595,000 Freehold

Units 1 & 2 Triumph House And Globe House,Rigby Close, Warwick, CV34 6TL

Industrial Unit - Under Offer
1,117-5,348 sq ft
104-497 sqm

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Industrial Unit For Sale Warwick

PROPERTY ID: 117916

PROPERTY TYPE

Industrial Unit

STATUS

Under Offer

SIZE

1,117-5,348 sq.ft

Key Features

Property Details

About the Agent

ehB Reeves

Industrial Unit

£595,000 Freehold

Units 1 & 2 Triumph House And Globe House,Rigby Close, Warwick, CV34 6TL

Industrial Unit - Under Offer 1,117-5,348 sq ft104-497 sqm

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Industrial Unit - Under Offer
1,117-5,348 sq ft
104-497 sqm