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Office for sale

Whittle House, Courtaulds Way, Coventry, West Midlands, CV6 5NH

Withdrawn from Market 17,700 sq. ft. | £2,250,000

Property Description

Commercial information

  • 17,700 sq ft (1,644 sq m)

Full description

Tenure: Freehold

LOCATION
The property is located toward the end of Courtaulds Way and forms part of an established commercial area comprising a range of office and manufacturing businesses. Coventry city centre is approx. 2 miles to the south via the B4113 and Junction 3 of the M6 is approx. 3 miles to the north via the A444. The M69 (Junction 1), M42 (Junction 6) and the M40 (Junction 15) are also within close proximity. Coventry Railway Station is approximately 3 miles with connections to Birmingham New Street every 15 minutes and London Euston every 60 minutes.

DESCRIPTION
A detached 'Head Quarters' Office premises of brick and block elevations with concrete floors supporting a pitch concrete tiled roof surface. Originally constructed in 1999, the property is now offered in excellent condition throughout and benefits from:
New decoration and carpets
Suspended ceiling with Cat II Lighting
Comfort cooling throughout
Underfloor trunking and cabling
Kitchens and WC's on both floors
Passenger Lift
UPVC Double Glazing

Constructed in an open plan arrangement, there are essentially two separate suites per floor providing the opportunity to sub let some of the accommodation for those occupiers looking to grow into the building.

ACCOMMODATION
Ground Floor: 8,835 sq. ft. 821.3m2
First Floor: 8,865 sq. ft. 823.5m2
Total NIA: 17,700 sq. ft. 1644 .8 m2

VAT
The sale price/rent is subject to VAT.

PARKING NOTES
Car Parking
There are 51 car spaces to the rear of building with a further 9 to the front and an adjoining area of land, surfaced in Tarmac provides an additional 100 spaces giving a parking ratio of 1:110 sq. ft.

PLANNING
Currently benefiting from a B1 Use Class Order (Business/Offices). The property may suit alternative uses, subject to planning to include:
C1 (Hotel)
C2 (Residential Institutions)
D1 (Non-residential Institution)

OTHER
Local Authority:
Coventry City Council
Tel. 0500 834 333
Business Rates:
Rateable Value (2017)) £163,000

Price/Rent
£2,250,000 for the long leasehold interest
or
£250,000 pax based on circa £14.00 per sq. ft.

Tenure
The long leasehold interest (125 from February 1999 at a peppercorn) is available to purchase.
Alternatively available by way of a new full repairing and insuring lease for a term to be agreed.

Legal Costs
Each party to be responsible for their own legal costs incurred in the documenting of this transaction.

EPC
The building has an EPC rating of D81 (full details upon request).

Estate Charge and Building Insurance
The building is insured by the landlord and the premium is recharged annually to the tenant. There is also an estate charge to cover the maintenance of the external and common areas. Full details upon request.

Viewing
Strictly via appointment via joint agents

Rory Mack Associates
Mr Stephen Gallet - Tel: 07976388287 - Email: sg@rorymack.co.uk

D & P Holt
Rupert Gillitt - Tel: 02476 555180 - Email: Rupert@holtcommercial.co.uk


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