UNDER OFFER
Units 1 & 2 Triumph House And Globe House, Rigby Close, Heathcote Industrial Estate, Warwick, Warwickshire, CV34 6TL
From
£595,000
£532.68 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,117-5,348 sq ft
104-497 sq m
- SECTOR
Light industrial facility for sale
Key features
- E Class Freehold Investment
- Current Rental Income of £34,000 Per Annum
- Estimated Rental Value of Whole £43,500 Per Annum Exclusive
- Reduced Purchase Price £595,000 (VAT Not Applicable)
- 3 Separate Units with Parking
- Close to M40 Motorway
- Potential Vacant Possession
- Total Gross Floor Area 5,348 sq.ft (497 sq.m)
Description
A development of 3 class E buildings, formally warehouse and workshop premises, with car parking abnd loading access to the front. Currently occupied.
The Heathcote Industrial Estate is one of Warwick and Leamington's prime commercial zones, a well established industrial estate which has merged with Tachbrook Park. Located immediately to the south of Warwick and Leamington Spa,. The estate is very close to junctions 13, 14 and 15 of the M40 motorway, within a short distance of the A46 bypass and thereafter the Midlands and national motorway networks. Birmingham International Airport, the National Exhibition Centre and the Royal Agricultural Society are all located within 20 miles of the Heathcote Industrial Estate.
The town boasts excellent rail links with Birmingham, Coventry and London with stations at Leamington Spa, Warwick town centre and Warwick Parkway.
All mains services are connected to the site. 3-phase electricity is connected to the development. 1 & 2 Triumph House share a supply and Globe House a separate electricity supply. Globe House is fitted with a gas fired heating boiler.
The site is to be sold freehold subject to the following lease arrangements. Vacant possession of the whole may be available.
Unit 1 Triumph House
Currently let to Caterquip Ventilation Limited for a term of 3 years, commencing 25th December 2023 at a rent of £12,000 per annum, rising to £13,000 for year two and then £14,000 for year three. The lease is excluded from sections 24-28 inclusive of the Landlord & Tenant Act 1954. The lease is drawn on internal repairing and insuring terms with the tenant paying an annual service charge towards exterior maintenance and repair.
Unit 2 Triumph House
Currently let to Base by Design Limited subject to a Tenancy at Will on an ongoing basis at a current passing rent of £6,000 per annum. This relates to part of the demise only. The vendor occupies the predominate floor area.
Globe House
Currently let to Globe Groceries Limited for a term to expire on the 11th February 2025. The lease is drawn on full repairing and insuring terms subject to a Schedule and Record of Condition. The current passing rent is £16,000 per annum exclusive.
Class E (formerly B1 and B8)
The total current rental income is £31,500 per annum, with an estimated total rental value of £43,500 per annum, exclusive.
Price Reduction
£595,000 for the freehold interest.
The rateable values for the current year are as follows;-
Globe House: £15,500
Triumph House 1: £15,000
Triumph House 2: £12,000
Each party will meet their own legal costs.
Globe House: E 117
Triumph House 1: D 97
Triumph House 2: D 84
E Class Freehold Investment
Current Rental Income of £34,000 Per Annum
Estimated Rental Value of Whole £43,500 Per Annum Exclusive
Reduced Purchase Price £595,000 (VAT Not Applicable)
3 Separate Units with Parking
Close to M40 Motorway
Potential Vacant Possession
Total Gross Floor Area 5,348 sq.ft (497 sq.m)
The Heathcote Industrial Estate is one of Warwick and Leamington's prime commercial zones, a well established industrial estate which has merged with Tachbrook Park. Located immediately to the south of Warwick and Leamington Spa,. The estate is very close to junctions 13, 14 and 15 of the M40 motorway, within a short distance of the A46 bypass and thereafter the Midlands and national motorway networks. Birmingham International Airport, the National Exhibition Centre and the Royal Agricultural Society are all located within 20 miles of the Heathcote Industrial Estate.
The town boasts excellent rail links with Birmingham, Coventry and London with stations at Leamington Spa, Warwick town centre and Warwick Parkway.
All mains services are connected to the site. 3-phase electricity is connected to the development. 1 & 2 Triumph House share a supply and Globe House a separate electricity supply. Globe House is fitted with a gas fired heating boiler.
The site is to be sold freehold subject to the following lease arrangements. Vacant possession of the whole may be available.
Unit 1 Triumph House
Currently let to Caterquip Ventilation Limited for a term of 3 years, commencing 25th December 2023 at a rent of £12,000 per annum, rising to £13,000 for year two and then £14,000 for year three. The lease is excluded from sections 24-28 inclusive of the Landlord & Tenant Act 1954. The lease is drawn on internal repairing and insuring terms with the tenant paying an annual service charge towards exterior maintenance and repair.
Unit 2 Triumph House
Currently let to Base by Design Limited subject to a Tenancy at Will on an ongoing basis at a current passing rent of £6,000 per annum. This relates to part of the demise only. The vendor occupies the predominate floor area.
Globe House
Currently let to Globe Groceries Limited for a term to expire on the 11th February 2025. The lease is drawn on full repairing and insuring terms subject to a Schedule and Record of Condition. The current passing rent is £16,000 per annum exclusive.
Class E (formerly B1 and B8)
The total current rental income is £31,500 per annum, with an estimated total rental value of £43,500 per annum, exclusive.
Price Reduction
£595,000 for the freehold interest.
The rateable values for the current year are as follows;-
Globe House: £15,500
Triumph House 1: £15,000
Triumph House 2: £12,000
Each party will meet their own legal costs.
Globe House: E 117
Triumph House 1: D 97
Triumph House 2: D 84
E Class Freehold Investment
Current Rental Income of £34,000 Per Annum
Estimated Rental Value of Whole £43,500 Per Annum Exclusive
Reduced Purchase Price £595,000 (VAT Not Applicable)
3 Separate Units with Parking
Close to M40 Motorway
Potential Vacant Possession
Total Gross Floor Area 5,348 sq.ft (497 sq.m)
Brochures
Units 1 & 2 Triumph House And Globe House, Rigby Close, Heathcote Industrial Estate, Warwick, Warwickshire, CV34 6TL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leamington Spa Station1.1 miles
- Warwick Station1.6 miles
- Warwick Parkway Station2.7 miles
Notes
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