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Warehouse to rent

Park Farm Business Estate, Compton Verney, Warwick

£1,625 pcm
5,179 sq. ft.

Property Description

Key features

  • 5,179 sq ft (481 sq m)
  • Available as a whole or may split
  • Attractive rural location
  • Easy access to M40
  • Flexible terms
  • Ample parking

Full description

TO LET

Warehouse of 5,179 sq ft [481 sq m] in an attractive rural location with easy access to the M40, available on flexible terms. Potential to split.

Location - The unit is located on a small well maintained business development in a quiet rural setting just south of the Fosse Way and only 6 miles from the M40, 8 miles from Stratford-upon-Avon and 12 miles from Leamington Spa and Banbury. It is approached from the B4086 Wellesbourne to Kineton road along an attractive tree lined private drive.

Description - A single storey warehouse of brick and concrete block construction with a newly constructed steel clad ridge roof with corrugated perspex roof lights, steel portal frame and concrete floor. The building has a maximum ridge height of 21ft with a minimum height of 9’ 6” to the eaves. There are two roller shutter doors in the end wall (which would give access into Unit A if split).

Services - 3-phase electricity, water and drainage.

There is a Powrmatic LPG overhead warm air blower fitted to the warehouse.

An Estate Service Charge is payable for upkeep of the shared drive and grounds. This is currently £275 per quarter.

Accommodation - The overall dimensions of the warehouse are 79ft 9ins by 63ft 8ins (24.3 x 19.45m) and the accommodation comprises the main warehouse/workshop, two offices, three stores and two toilets.

As a single unit the accommodation comprises:

Main warehouse,offices and storage - 5,179 sq ft /481 sq m

The unit has the potential to be split to provide two self-contained units comprising the following approximate areas:

Unit A - 2,866 sq ft / 266 sq m
Unit B - 2,313 sq ft / 215 sq m

Business Rates - Rateable Value: £17,750
Rates payable: £8,271.50 (2017/2018)

If the premises are divided into two smaller units separate rating assessments will be obtained. It is likely the rateable value of each unit will be below the threshold of £12,000 meaning 100% Small Business Rate Relief may apply, depending on individual circumstances. If applicable, no rates may be payable until the next revaluation.

Prospective tenants are advised to make their own enquiries of the Local Authority to verify all rating information.

Energy Performance - The current Energy Performance Asset Rating is 93 (Grade D). The full Energy Performance Certificate is available on request.

Terms - To let on a new lease for a minimum 3 year term at a commencing rental of £19,500 per annum on effective full repairing terms.

If split, the commencing rents would be:

Unit A - £10,750 per annum
Unit B - £8,750 per annum

A 3-month rent deposit will be required; this will be held throughout the term of the lease.

Use Class - Assumed Use Class:

B1/B8 – Light industrial/storage

References & Legal Costs - Bank, trade and accountants references will be required (for prospective tenants only). A variable fee will usually be charged by banks / building societies for financial references.

Each party will be responsible for their own legal and other costs incurred in this transaction.

Viewing - Strictly by appointment only. To discuss the property or to arrange a viewing please contact Suzanne James at the Stratford-upon-Avon office:

sjames@sheldonbosleyknight.co.uk

01789 292310


More information from this agent

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Industry affiliations

Association of Residential Letting Agents National Association of Estate Agents Ombudsman for REsale Estate Agents (no OFT logo) Ombudsman for Lettings Estate Agents