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Self-Contained Refurbished Offices with Parking, 7 Charles Court, Budbrooke Road, Warwick, CV34 5LZ

2,333 Sq Ft / Offices

For Sale - £395,000.00

To Let - £22,000.00 per annum

Available - Last updated: 16 July 2019

Charles Court was originally a headquarters office building which was remodelled a number of years ago to provide 8 self-contained buildings, each being over three floors with allocated parking in the adjacent private car park.

The subject property is approached on foot via a courtyard from the car park. The private ground floor entrance door has an internal roller security shutter and leading off the entrance hall is a disabled WC and a large open plan office with security grills to the windows. Off the office is a new kitchen.

The first floor provides a further large open plan office with smaller office and new kitchen, separate ladies and gent’s WC’s off the landing and the second floor has another large open plan office with corner office and doorway to separate office / meeting room.

The property has been extensively refurbished to include new two new kitchens, carpet tiles, LED lighting to the suspended ceilings, replacement perimeter trunking with electric power (tenant to cable for IT and telecoms) and redecoration throughout. The accommodation is heated via a gas fired central heating system to radiators and has UPVC double glazed windows.

Outside, there are 6 allocated car spaces in the private car park with further free on street car parking on Budbrooke Road.

Location

Charles Court is a modern office development located off Budbrooke Road, to the west of Warwick Town Centre and a short distance from the A46 bypass.

Warwick Town Centre is also within easy reach as is the Sainsbury’s superstore off the Birmingham Road and Freedom Leisure Gym on Welton Road.

The railway stations at Warwick Parkway and on the A429 Coventry Road provide regular services to Birmingham and London Marylebone.

Accommodation

Ground Floor

Office - 620 sq ft  (57.59 sq m)

Kitchen - 91 sq ft  (8.47 sq m)

Disabled WC

First Floor

Office - 712 sq ft  (66.14 sq m) (including corner office)

Kitchen - 50 sq ft  (4.69 sq m)

2 X WC’s

Second Floor

Main office - 652 sq ft  (60.59 sq m)

Corner office - 77 sq ft  (7.16 sq m)

Meeting room / office - 131 sq ft  (12.18 sq m)

TOTAL - 2,333 sq ft  (216.82 sq m)

Outside 6 allocated car spaces.

Terms

Services - Mains water, gas, electricity and drainage are connected. The water supply is metered and central heating is provided by a gas fired boiler. 

Business Rates:

Rateable Value £24,250
Rates Payable £11,907 (2019/20)

Lease Terms - A new full repairing and insuring lease will be granted for a term to be agreed with the letting being taken outside the Security of Tenure provisions of the Landlord & Tenant Act 1954.

A service charge will be levied by the landlord for any costs associated with the upkeep of the external common parts of the development, building insurance and a contribution towards the sinking fund for external redecoration. For the current year, the contribution from Unit 7 is £1,272 plus VAT.

Rent - £22,000 per annum, exclusive of VAT, service charge, business rates and all other outgoings, payable quarterly in advance. At only £9.43 psf (exclusive) this represents excellent value for money for refurbished accommodation of this standard.

Freehold - £395,000 plus VAT

VAT - VAT will be payable on the rent and service charge.

Legal Costs - Each party will be responsible for their own costs incurred in this matter.  

Specification

  • Self-contained office building between Warwick Town Centre and A46 bypass.
  • Refurbished throughout to include LED lights, kitchen, carpets and redecoration.
  • Large open plan offices on each floor plus smaller private offices / meeting rooms.
  • Ladies, gents and disabled WC’s plus two new kitchens
  • 6 private car spaces and free on-street car parking nearby.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £395,000.00 NA
  To Let £22,000.00 per annum

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Contact agents

Jon Blood

Wareing & Company

01926 270411



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