FOR SALE / TO LET Modern Business Park Offices - Amazon Web ...
FOR SALE / TO LET Modern Business Park Offices Unit 1 Elm Court, Meriden Business Park, Copse Drive, Coventry, CV5 9RG
4,382 sq ft (407.11 sq m) NIA
+ + + +
Well-appointed office building 25 dedicated car parking spaces providing a ratio of 1:175 Popular business park, close to NEC and Birmingham International Airport Potential for owner occupation or available as an income producing asset
Regulated by RICS
T/ F/ E/ W/
024 7623 2970 024 7615 8530 [email protected] www.spmcommercial.com
Unit 1 Elm Court Meriden Business Park Copse Drive Coventry CV5 9RG Location Elm Court is located within Meriden Business Park adjacent to the A45 dual carriage which connects both Coventry and Birmingham. The offices are approximately 5 miles Northwest of Coventry City Centre, and 12 miles Northeast of Birmingham City Centre. The location is therefore well placed for access to the national motorway network including the M42 and M6 motorways. Description Elm Court forms part of Meriden Business Park. Elm Court comprises 9 two-storey office units set within well landscaped grounds. Adjoining occupiers include Dow Corning and Rank Xerox. Internally the offices comprise double glazed windows, under floor service channels for power and communication services, suspended ceilings with inset lighting and carpet tiles throughout. The space is currently open plan with a separate kitchen area and well appointed board room. There is a generous entrance with a voice entry system and a WC facility. Accommodation Ground Floor First Floor Total net internal area
Sq m 196.03 211.08 407.11
Sq ft 2,110 2,272 4,382
Tenure The property will be sold freehold. Alternatively the property can be let either in part or as a whole for a term to be agreed. Tenancy Information Ground Floor – Currently let to 3DIFS at £24,000 + VAT per annum. Lease expires September 2021. First Floor - Currently let to Ardencom at £24,750 + VAT per annum. Lease expires March 2018 (the tenant is not in occupation). Rent Based upon £10.50 per sq ft per annum exclusive.
SP+M Ltd Important Notice: 1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of the contract. 2. Details are given without any responsibility and any intending Purchasers, Lessees of Third Parties should not rely on them as statements or representations of fact, and must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person employed by SP+M Ltd has any authority to make any representations or warranty whatsoever in relation to this property 4. Unless otherwise stated all prices and rents re quoted exclusive of VAT. Subject to contract, May 2017.
Price £575,000 representing a net initial yield of 8.07% after deducting purchasers costs of 4.97%. Disposal Options The ground floor tenant is an owner occupier and may consider vacating the ground floor. Alternatively, our client, 3DIFS, would consider remaining to the end of their lease. Ardencom are no longer in occupation and therefore vacant possession can be provided on one or both floors. Service Charge There is a service charge payable for the internal running cost of the offices, and reasonable costs incurred in the maintenance and upkeep of the estate. Further details are available on request. Building Insurance (Leasehold only) The landlord will insure the property and recover the premium from the tenant. Rates Each floor is currently rated separately. Further details on request. Energy Performance Certificate Band C - 61 Legal Costs Each party will be responsible for their own legal costs incurred in the transaction. VAT The property is VAT elected and will therefore be payable. Further Information & Viewing James Compton ([email protected]) 024 7717 0037 Jonathan Moore ([email protected]) at Sole Selling/Letting Agents Shortland Penn + Moore 024 7623 2970 Subject To Contract
Office EC1.3 Enterprise Centre Coventry Uni Tech Park Puma Way Coventry CV1 2TT T/ F/ E/
Victoria House 114-116 Colmore Row Birmingham B3 3BD
024 7623 2970 024 7615 8530 [email protected]
4,382 sq ft (407.11 sq m) NIA
+ + + +
Well-appointed office building 25 dedicated car parking spaces providing a ratio of 1:175 Popular business park, close to NEC and Birmingham International Airport Potential for owner occupation or available as an income producing asset
Regulated by RICS
T/ F/ E/ W/
024 7623 2970 024 7615 8530 [email protected] www.spmcommercial.com
Unit 1 Elm Court Meriden Business Park Copse Drive Coventry CV5 9RG Location Elm Court is located within Meriden Business Park adjacent to the A45 dual carriage which connects both Coventry and Birmingham. The offices are approximately 5 miles Northwest of Coventry City Centre, and 12 miles Northeast of Birmingham City Centre. The location is therefore well placed for access to the national motorway network including the M42 and M6 motorways. Description Elm Court forms part of Meriden Business Park. Elm Court comprises 9 two-storey office units set within well landscaped grounds. Adjoining occupiers include Dow Corning and Rank Xerox. Internally the offices comprise double glazed windows, under floor service channels for power and communication services, suspended ceilings with inset lighting and carpet tiles throughout. The space is currently open plan with a separate kitchen area and well appointed board room. There is a generous entrance with a voice entry system and a WC facility. Accommodation Ground Floor First Floor Total net internal area
Sq m 196.03 211.08 407.11
Sq ft 2,110 2,272 4,382
Tenure The property will be sold freehold. Alternatively the property can be let either in part or as a whole for a term to be agreed. Tenancy Information Ground Floor – Currently let to 3DIFS at £24,000 + VAT per annum. Lease expires September 2021. First Floor - Currently let to Ardencom at £24,750 + VAT per annum. Lease expires March 2018 (the tenant is not in occupation). Rent Based upon £10.50 per sq ft per annum exclusive.
SP+M Ltd Important Notice: 1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of the contract. 2. Details are given without any responsibility and any intending Purchasers, Lessees of Third Parties should not rely on them as statements or representations of fact, and must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person employed by SP+M Ltd has any authority to make any representations or warranty whatsoever in relation to this property 4. Unless otherwise stated all prices and rents re quoted exclusive of VAT. Subject to contract, May 2017.
Price £575,000 representing a net initial yield of 8.07% after deducting purchasers costs of 4.97%. Disposal Options The ground floor tenant is an owner occupier and may consider vacating the ground floor. Alternatively, our client, 3DIFS, would consider remaining to the end of their lease. Ardencom are no longer in occupation and therefore vacant possession can be provided on one or both floors. Service Charge There is a service charge payable for the internal running cost of the offices, and reasonable costs incurred in the maintenance and upkeep of the estate. Further details are available on request. Building Insurance (Leasehold only) The landlord will insure the property and recover the premium from the tenant. Rates Each floor is currently rated separately. Further details on request. Energy Performance Certificate Band C - 61 Legal Costs Each party will be responsible for their own legal costs incurred in the transaction. VAT The property is VAT elected and will therefore be payable. Further Information & Viewing James Compton ([email protected]) 024 7717 0037 Jonathan Moore ([email protected]) at Sole Selling/Letting Agents Shortland Penn + Moore 024 7623 2970 Subject To Contract
Office EC1.3 Enterprise Centre Coventry Uni Tech Park Puma Way Coventry CV1 2TT T/ F/ E/
Victoria House 114-116 Colmore Row Birmingham B3 3BD
024 7623 2970 024 7615 8530 [email protected]
