Property unavailable
This property advert is no longer active. It is possible that the same property has been re-advertised under a separate listing, click below to view any replacement or similar listings.
Please note we do not have names or contact details of anyone currently occupying this building
we are also unable to provide details of the agents that posted the original advert with us.
If you are the owner of the building and would like to re-post this advert please email renewals@novaloca.com
If you would like to know if this, or any similar property comes back or on to the market
please click here to get updates by email.
Unit D 17 Princes Drive Coventry Road, Kenilworth, CV8 2FD
2,478 Sq Ft / Industrial / General Industrial
Withdrawn - Last updated: 23 December 2022
Description
End of Terrace Warehouse Investment
Location
Unit D, 17 Princes Drive is located on the top section of the Princes Drive Industrial Estate which is accessed off the A429 Coventry Road, situated to the north of Kenilworth town centre. This is a long established industrial estate with good access to Coventry (3 miles) and nearby commercial centres. The A45 on the south side of Coventry provides links to the A46 and Midlands motorway network including M1, M5, M6, M40 and M42.
Services
All mains services are connected to the building. Heating is provided by way of a gas fired suspended hot air blower. Limited air conditioning is available to the first floor mezzanine offices. A three-phase electricity supply is believed to be connected.
Tenure
The property is to be sold freehold subject to the existing occupational lease, terms of which follow below.
Tenant
The Horticulture Company Limited.
Lease Term
Five years commencing on the 1st May 2020.
Rent
The current rent is £14,250 per annum (exclusive), increasing to £14,750 per annum for years three and four and ultimately increases to £15,250 per annum for year five.
VAT
VAT is applicable.
Repairing Liabilities
The lease is drawn on full repairing and insuring terms.
Break Clause
There is no break clause.
Landlord and Tenant Act
The lease is not excluded from Sections 24-28 inclusive of the Landlord and Tenant Act 1954.
Planning
The building will fall within Class E.
Rent
Price
£285,000 plus VAT, subject to contract and lease for the freehold interest.
Rates
The Rateable Value for the current year is £9,300.
Legal Costs
Each party will be responsible for their own legal costs.
EPC
D 79 valid until the 4th August 2026.
Purchase Price £285,000
Current Income £14,250 Per Annum Increasing Ultimately to £15,250 Per Annum
Very Popular Kenilworth Based Industrial Estate
Excellent Rental Growth Potential
Excellent Investment Opportunity
( Agency Pilot Software ref: 562 )
Email me updates about similar new properties
Show similar properties