Warwick House Business Park comprises 15 light industrial / warehouse units set behind a detached two storey office building. The units are of brick and block construction with external cladding and a mono pitched roof. There is roller shutter access into Unit 1 and double timber doors into Unit 16.
The units will be redecorated prior to hand over and each has a WC, kitchenette and a small partitioned office. Three phase electricity is connected to Unit 1 and there is the potential for it to be installed in Unit 16. Parking will be allocated in the communal car park.
Location
Warwick House Business Park is situated on the A423 Banbury Road about 1 mile south of Southam Town Centre. The area is approximately 7 miles to the east of Leamington Spa, 10 miles west of Daventry, 13 miles south east of Coventry and 14 miles north of Banbury 10 miles south west of Rugby. Junction 12 of the M40 is approximately 5 miles to the south west via the B4451.
Southam has continued to grow over the last few years in terms of its residential and commercial / industrial population. This has enabled many of the local companies to continue to expand yet stay within the same geographical location and benefit from the availability of a good pool of labour.
Accommodation
Unit 1 – 1,000 sq ft (92.9 sq m)
Unit 16 – 500 sq ft (46.45 sq m)
Terms
SERVICES
Mains water, electricity, and drainage are connected. Three phase electricity is connected to Unit 1 and there is potential for it to be connected to Unit 16, subject to satisfactory terms being agreed. Neither the landlord nor the agent can provide any warranties / guarantees in respect of the condition of these services.
BUSINESS RATES
Unit 1 - Rateable Value £XXX - Rates Payable (2014 / 2015) £XXX
Unit 16 - Rateable Value £XXX - Rates Payable (2014 / 2015) £XXX
UNIT 1
Let from 13th September 2013 on a 6 year full repairing and insuring lease outside the Security of Tenure Provisions of the Landlord & Tenant Act 1954. The tenant has an option to break the lease at the end of the third year of the term subject to 6 months written prior notice. The rent is £XXX per annum rising t £XXX per annum from 13th September 2015 with these figures being exclusive of business rates, VAT and service charge and all other outgoings payable monthly in advance by direct debit.
If the break clause is not exercised, a rent review will take place at the end of the third year of the term. An assignment of this lease is available subject to a rent bond of £XXX plus VAT being payable, which will be held in a separate account for the duration of the term of the lease. Personal guarantees will also be required from the Directors of the ingoing business.
UNIT 16
Available to let by way of a new full repairing and insuring lease for a minimum term of 3 years at £XXX per annum. The letting will be taken outside the Security of Tenure Provisions of the Landlord & Tenant Act 1954. The above figures are exclusive of business rates, service charge and all other outgoings and will be paid quarterly in advance. VAT will be charged.
SERVICE CHARGE
This will be levied by the landlord for the upkeep of the common parts to include the cost of refuse collection, water, gardening, caretaker, security lighting, building insurance and management. The contribution of each unit is currently running at approximately XXX per square foot plus VAT per annum.
Specification
- Minimum eaves height of 12ft 7in (3.84m) rising to 14 ft 5 in (4.39m)
- Roller shutter or double timber door access, WC, kitchen and partitioned office in each unit.
- Well located for access to Southam town centre, M40 and a surrounding areas.