Unit D 17 Princes Drive Coventry Road, Kenilworth, CV8 2FD

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 £XXX per annum (exclusive), increasing to £XXX per annum for years three and four and ultimately increases to £XXX 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
£XXX plus VAT, subject to contract and lease for the freehold interest.

Rates

The Rateable Value for the current year is £XXX

Legal Costs

Each party will be responsible for their own legal costs.

EPC

D 79 valid until the 4th August 2026.

Purchase Price £XXX

Current Income £XXX Per Annum Increasing Ultimately to £XXX Per Annum

Very Popular Kenilworth Based Industrial Estate

Excellent Rental Growth Potential

Excellent Investment Opportunity








( Agency Pilot Software ref: 562 )