198 Fletchamstead Highway, Coventry, CV4 7BB

Description
The unit comprises an end terraced, single storey industrial unit with a small rear yard and shared car parking to both the front and the rear. This versatile commercial unit offers a large open industrial space, useful for either manufacturing or storage, separate reception room for customers to enter from the front door and an additional separate office which could be used for any office based staff or just as an additional storage room. There are also WCs and shower facilities.

Location
The property is situated approximately 3 miles south west of Coventry City Centre in the suburb of Canley. Within the immediate vicinity occupiers include Canley Fire Station, Canley Police Station, Homebase and Pets at Home. The property fronts a prominent section of the A45 Fletchamstead Highway and sits close to its junction with Sir Henry Parkes Road. The A45 provides access to the M42 and M6, whilst Birmingham International Airport, Railway Station and the NEC are close by. Specifically, the property is accessed via the unnamed entry road that runs parallel to the A45 and immediately off Sir Henry Parkes Road.

Rent
£27,000 per annum exclusive

VAT
We understand the property is not elected for VAT.

Legal Costs
The incoming tenant is likely to be required to contribute towards the Council’s legal costs. This contribution is anticipated to be in the region of £1,900 plus VAT but may be higher depending on the complexity of the transaction. The amount will be confirmed when terms are agreed.

Tenure
The property is available by way of a new Full Repairing & Insuring Lease for a term to be agreed.

Additional Charges
Building Insurance: £408.00 per annum
Service Charge: £945.00 per annum
Sinking Fund: £69.55 per annum

Management Charge
Please also note that there is a standard additional management charge of 5% of the rent collected to cover the cost of the management of the estate.