Amherst Business Centre, Budbrooke Road, Budbrooke Industrial Estate, Warwick, CV34 5WE
, CV34 5WE
Price: Sale Price: £1,225,000
Size: 11398 sq ft1058 sqm Primary Category: Industrial All Categories:
Industrial, Property Ref/Movehut: MH655527 Property Ref/Agent: Amherst Business Centre, Budbrooke Road, Budbrooke Industrial Estate, Warwick, CV34 5WE - 483
*Please use the agent ref when calling the agent directly.
FINAL AND BEST OFFERS BY FRIDAY 16 APRIL 2021 AT 12 NOON
The estate comprises two terraces of industrial units that were constructed in the 1980s.
Built of principally brick and block work and being surmounted by a pitched slate roof with inset roof lights, the specification includes roller shutter loading doors, 3-phase electricity, and on-site car parking.
The site is well maintained, being fully fenced and secured with gates.
Each unit was originally constructed with a gross ground floor area of approximately 1,032 sq ft.
Over the years the units have been adapted with the installation of mezzanine floors and the construction of offices.
The Amherst Business Centre is a small contemporary industrial estate located in a prime position, within close proximity to the A46 Bypass.
The Bypass provides a direct link 2 miles to the north at junction 15 of the M40 motorway.
This in turn provides access to the regional and national motorway network.
Location as shown on the attached location map.
Warwick Parkway Railway Station - 8 minute walk
Warwick - 15 minute walk
Leamington Spa - 4 miles
Stratford upon Avon - 8 miles
Coventry - 8 miles
Birmingham city centre - 27 miles
We understand that all mains services are connected to each building independently.
The site is to be be sold freehold, subject to the existing 8 occupational leases.
A schedule of leases and floor areas is set out in the marketing particulars.
The current rent role is £78,125 per annum.
All the buildings are held on full repairing and insuring leases.
The landlord currently manages the service charge systems which are currently implemented on site.
All tenants contribute to the service charge which covers the maintenance, services to and upkeep of the communal areas.
We are seeking offers in the region of £1,225,000 for the freehold, subject to contract and occupational leases, and exclusive of VAT.
VAT will be payable on the purchase price - however, provided that the relevant conditions are met, the sale will be treated as a TOGC.
The purchaser is advised to take their own independent advice in respect of this issue.
The rateable values of the buildings are as follows:
Unit 1: £9,600
Unit 2: £17,500
Unit 3: £10,500
Unit 4: £10,000
Unit 5: £9,300
Unit 6: £10,500
Unit 7: £9,600
Unit 8: £12,250
Based on the current rateable values of the buildings, all (except Unit 2) are entitled to 100% small business rate relief subject to tenant's status.
Each party to be responsible for their own legal costs incurred.
Unit 1: D 89
Unit 2: D 93
Unit 3: TBA
Unit 4: D 78
Unit 5: TBA
Unit 6: D 100
Unit 7: TBA
Unit 8: TBA
Business Centre Investment
Prominent Location Close to the A46 Bypass and the M40 Motorway
Total Gross Floor Area: 11,398 sq ft (1,059.3 sq m)
Current Passing Rent: £78,125 Per Annum (Exclusive).
Rent Growth Envisaged Based on Recent Lettings
Price Guide: £1,225,000 Subject to Contract and Exclusive of VAT, Reflecting a Net Yield of 6.03% and Purchaser's Costs of 5.8%
EPC for Amherst Business Centre, Budbrooke Road, Budbrooke Industrial Estate, Warwick, CV34 5WE
Value my property
Do you have a property you would like to get a valuation for? Simply click the button
below to request a property valuation directly.