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Industrial Units With Good Road Links, Units 5B and 5C Southfield Road, Southam, CV47 0FB

2,698 to 5,426 Sq Ft / Industrial / General Industrial

For Sale - £225,000.00

To Let - £15,600.00 per annum

Under Offer - Last updated: 27 May 2022

Description

Units 5B and 5C form part of a terrace of five industrial buildings which were constructed approximately 27 years ago. The units are of a traditional portal frame design with brick and block walls being surmounted by a plastic-coated profile steel sheet to both the upper section of walls and to the roof, which in turn incorporates translucent roof lights.

The units are available as one or separately.

The units combined produce a gross internal area of 5,426 sq.ft (504.08 sq.m)

Location

The building is situated on the Kineton Road Industrial Estate which is located to the western side of the prosperous market town of Southam, Warwickshire. The unit is situated just 6 miles from junction 12 of the M40 motorway, 8 miles from Leamington Spa, and within easy reach of Birmingham, Coventry, Oxford and London.

Services

Mains electricity, water and drainage are connected to the unit. The central heating is oil powered.

Tenure

For sale freehold or by way of a new lease for a term to be agreed.

Planning

Class E (Business) (formerly B1 and B8)

Rent

Price and Rent
5B and 5C
Freehold: £460,000 (exclusive)
Rent: £32,900 (exclusive) per annum

5B
Freehold: £225,000 (exclusive)
Rent: £15,600 (exclusive) per annum

5C
Freehold: £235,000 (exclusive)
Rent: £17,300 (exclusive) per annum

VAT
TBC

Rates

The rateable value for the whole for the current year is £21,251 per annum. The rateable value will be re-assessed should the property be split. Independently, both buildings should qualify for 100% rates relief (subject to status of the rates payer).

Legal Costs

Each party will be responsible for their own legal costs associated with the transaction.

EPC

Unit 5B - E (124)
Unit 5C - D (78)



Units 5B and 5C - Available Separately or As One

5B: Ground Floor Area 1,446 sq.ft (134.33 sq.m)

5B: First Floor Area 1,282 sq.ft (119.10 sq.m)

5C: Ground Floor Area 1,448 sq.ft (134.52 sq.ft)

5C: First Floor Area 1,250 sq.ft (116.12 sq.ft)

Total Gross Floor Area 5,426 sq.ft (504.08 sq.m)

On-Site Parking Spaces

Available Immediately


( Agency Pilot Software ref: 539 )

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £225,000.00 NA
  To Let £15,600.00 per annum

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Contact agents

Sam Hain

EHB Reeves

01926 270165



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