Amherst Business Centre Budbrooke Industrial Estat, Warwick, CV34 5WE

FINAL AND BEST OFFERS BY FRIDAY 16 APRIL 2021 AT 12 NOON

The estate comprises two terraces of industrial units that were constructed in the 1980s. Built of principally brick and block work and being surmounted by a pitched slate roof with inset roof lights, the specification includes roller shutter loading doors, 3-phase electricity, and on-site car parking. The site is well maintained, being fully fenced and secured with gates.

Each unit was originally constructed with a gross ground floor area of approximately 1,032 sq ft. Over the years the units have been adapted with the installation of mezzanine floors and the construction of offices.

The Amherst Business Centre is a small contemporary industrial estate located in a prime position, within close proximity to the A46 Bypass. The Bypass provides a direct link 2 miles to the north at junction 15 of the M40 motorway. This in turn provides access to the regional and national motorway network.

Location as shown on the attached location map.

Distances
Warwick Parkway Railway Station - 8 minute walk
Warwick - 15 minute walk
Leamington Spa - 4 miles
Stratford upon Avon - 8 miles
Coventry - 8 miles
Birmingham city centre - 27 miles

We understand that all mains services are connected to each building independently.

The site is to be be sold freehold, subject to the existing 8 occupational leases.

A schedule of leases and floor areas is set out in the marketing particulars.

The current rent role is £XXX per annum.

All the buildings are held on full repairing and insuring leases.

The landlord currently manages the service charge systems which are currently implemented on site. All tenants contribute to the service charge which covers the maintenance, services to and upkeep of the communal areas.




Proposal
We are seeking offers in the region of £XXX for the freehold, subject to contract and occupational leases, and exclusive of VAT.

VAT
VAT will be payable on the purchase price - however, provided that the relevant conditions are met, the sale will be treated as a TOGC. The purchaser is advised to take their own independent advice in respect of this issue.

The rateable values of the buildings are as follows:

Unit 1: £XXX
Unit 2: £XXX
Unit 3: £XXX
Unit 4: £XXX
Unit 5: £XXX
Unit 6: £XXX
Unit 7: £XXX
Unit 8: £XXX

Based on the current rateable values of the buildings, all (except Unit 2) are entitled to 100% small business rate relief subject to tenant's status.




Each party to be responsible for their own legal costs incurred.

Unit 1: D 89
Unit 2: D 93
Unit 3: TBA
Unit 4: D 78
Unit 5: TBA
Unit 6: D 100
Unit 7: TBA
Unit 8: TBA


Strictly by appointment through the sole selling agents, ehB Reeves, on 01926 888181.

Business Centre Investment

Prominent Location Close to the A46 Bypass and the M40 Motorway

Total Gross Floor Area: 11,398 sq ft (1,059.3 sq m)

Current Passing Rent: £XXX Per Annum (Exclusive). Rent Growth Envisaged Based on Recent Lettings

Price Guide: £XXX Subject to Contract and Exclusive of VAT, Reflecting a Net Yield of 6.03% and Purchaser's Costs of 5.8%








( Agency Pilot Software Ref: 483 )