1 and 6 The Old Coal Yard, Folly Lane, Napton, Southam, CV47 8NZ

Description



Two units. Class E - Light industrial, storage and offices to let.




Location



The picturesque village of Napton is located 3 miles due east of the market town of Southam, 10 miles south of Rugby, 8 miles west of Daventry, 17 miles north of Banbury and 10 miles east of Leamington Spa. This strategic location is only some 9 miles from the nearest access onto the M40 motorway going both east and west and benefits from the key regional amenities such as the NEC, Birmingham International Airport and the National Agricultural Centre. The Old Coal Yard is identified on the attached location map.




Services



Mains water, electricity and drainage are connected to the buildings.



Tenure



The two properties are offered on new leases for a term to be agreed, the minimum period being three years. The leases will be excluded from Sections 24-28 inclusive of the Landlord and Tenant Act 1954. The leases will be drawn on full repairing and insuring terms subject to a Schedule and Record of Condition.



Planning



Class E



Rent



£8.00 per sq.ft. per annum plus VAT, paid quarterly in advance.



Rates



The rateable value for Unit 1 for the current year is £7,500 so tenants may be entitled to 100% small business rates relief subject to rate payer's status.

The rateable value for unit 6 for the current year is unconfirmed but it is understood that tenants may be entitled to 100% small business rates relief subject to rate payer's status. To be confirmed.



Service Charge



A modest service charge will be raised to cover the communal costs of maintaining the Old Coal Yard.



Legal Costs



Each party will meet their own legal costs.



EPC



TBA



Unit- 1 - 1,791 sq.ft (166.47 sq.m)



Unit 6 - 928 sq.ft (86 sq.m)



Available Separatly or As One



Available Now



Recently Refurbished With New Roofs



Rural Location



Secure Site
( Agency Pilot Software ref: 673 )