Nationwide Repair Centre, 1-3 Heathcote Industrial Estate, Warwick, CV34 6LX

Heathcote Industrial Estate is an established commercial area
with major occupiers including the Jaguar Land Rover Academy, Howdens
Joinery, Titan, Jumbo, SITA, Edmundson Electrical, Yodel, Dennis Eagle,
and XPO Logistics.The property comprises a terrace of three
industrial units providing a total of 19,081 sq ft of warehouse and
office accommodation, but capable of subdivision.Let to Nationwide Crash Repair Centres Ltd, with an unexpired term of 6.5 years.Lease
guaranteed by Nationwide Accident Repair Services Ltd, the largest
provider of automotive accident administration services to the UK
automotive insurance industry.Current rent: £118,798 pa.Fixed rental uplift due in March 2018, rising to £134,409 per annum and the vendor will provide a top-up to this level.The
tenant has been in occupation for over 20 years and occupies an
additional unit adjacent, demonstrating long term commitment.Freehold site totalling 0.82 acres.Offers
are sought in the region of £1,525,000 subject to contract and
exclusive of VAT providing a purchaser 8.31% after allowance for
acquisition costs.

Location