Investment Opportunity On Renown Nuneaton Industrial Estate
FOR SALE
Investment Opportunity On Renown Nuneaton Industrial Estate Units 6 & 7, Pool Road Industrial Estate, Pool Road, Nuneaton, Warwickshire CV10 9AR
4,196 Sq Ft (389.81 Sq M) £250,000 for the Freehold For more information, please contact:
Property Highlights • Investment Opportunity With 8.2% Net Initial Yield • £20,000 per annum income with RPI yearly uplifts • Popular and well located industrial estate • 15 year lease with a tenant break clause at year 7.5 • Gated storage yard to the rear • Easy access for Nuneaton town centre, M6 and Coventry City
James Brookes 024 7630 8900 [email protected] 1 The Cobalt Centre Siskin Parkway East Middlemarch Business Park Coventry CV3 4PE
www.bromwichhardy.com
FOR SALE
Investment Opportunity On Renown Nuneaton Industrial Estate Units 6 & 7, Pool Road Industrial Estate, Pool Road, Nuneaton, Warwickshire CV10 9AR Lease Details
Location The units are located on the fringe of the Pool Road Industrial Estate on the western outskirts of Nuneaton, with Nuneaton positioned 9 miles to the North of Coventry and 5 miles from Junction 3 of the M6 Motorway. Best access to the estate is from the B4114 Tuttle Hill via Arrow Way with the unit occupying the corner position at the entrance of the estate. Nuneaton Town Centre is approximately one and a half miles to the East.
Description
Tenure Freehold
The units are of brick construction with flat corrugated metal roofs. Externally there is both roller shutter and pedestrian accesses from the conservatory extensions in unit 6 and next to the roller shutter in unit 7. Internally the roller shutter entrances lead into a workshop area with mezzanine level storage and a toilet. The offices in unit 6 are split over two floors and have two conservatories for further storage. In unit 7 they are again over two floors, to the front of the unit. The units benefits from three phase electricity and internal security bars.
Accommodation Description
Both units are currently let to Direct Taxis (Credit Rating 33, Moderate Risk) http://www.directtaxis.co.uk/ , a local taxi firm to Nuneaton having been in operation since 2009. The lease is for 15 years at a starting rental of £20,000 per annum with RPI yearly increases. The lease is fully repairing and insuring, with a tenant only break option after 7.5 years.
Service Charge There is no service charge for the units.
EPC The units have EPC ratings of E
Viewing Sq Ft
Sq M
Unit 6 Ground Floor Offices
212
19.69
Unit 6 First Floor Offices
279
25.92
All viewings to be arranged through sole agents Bromwich Hardy.
Legal Costs
Unit 6 Workshop
1,408
130.8
Unit 7 Workshop
1,755
163.04
Total
3,654
339.45
Each party will be responsible for their own legal costs in this transaction.
FOR SALE
Investment Opportunity On Renown Nuneaton Industrial Estate Units 6 & 7, Pool Road Industrial Estate, Pool Road, Nuneaton, Warwickshire CV10 9AR
FOR SALE
Investment Opportunity On Renown Nuneaton Industrial Estate Units 6 & 7, Pool Road Industrial Estate, Pool Road, Nuneaton, Warwickshire CV10 9AR
Misrepresentation Act 1967. Unfair Contract Terms 1977. The property Misdescription Act 1991. These particulars are issued without any responsibility on the part of the agent and are not to be construed as containing any representation or fact upon which any person is entitled to relay. Neither the agent nor any person in their employ has any authority to make or give any representation or warranty whatsoever in relation to the property. September 2016
Investment Opportunity On Renown Nuneaton Industrial Estate Units 6 & 7, Pool Road Industrial Estate, Pool Road, Nuneaton, Warwickshire CV10 9AR
4,196 Sq Ft (389.81 Sq M) £250,000 for the Freehold For more information, please contact:
Property Highlights • Investment Opportunity With 8.2% Net Initial Yield • £20,000 per annum income with RPI yearly uplifts • Popular and well located industrial estate • 15 year lease with a tenant break clause at year 7.5 • Gated storage yard to the rear • Easy access for Nuneaton town centre, M6 and Coventry City
James Brookes 024 7630 8900 [email protected] 1 The Cobalt Centre Siskin Parkway East Middlemarch Business Park Coventry CV3 4PE
www.bromwichhardy.com
FOR SALE
Investment Opportunity On Renown Nuneaton Industrial Estate Units 6 & 7, Pool Road Industrial Estate, Pool Road, Nuneaton, Warwickshire CV10 9AR Lease Details
Location The units are located on the fringe of the Pool Road Industrial Estate on the western outskirts of Nuneaton, with Nuneaton positioned 9 miles to the North of Coventry and 5 miles from Junction 3 of the M6 Motorway. Best access to the estate is from the B4114 Tuttle Hill via Arrow Way with the unit occupying the corner position at the entrance of the estate. Nuneaton Town Centre is approximately one and a half miles to the East.
Description
Tenure Freehold
The units are of brick construction with flat corrugated metal roofs. Externally there is both roller shutter and pedestrian accesses from the conservatory extensions in unit 6 and next to the roller shutter in unit 7. Internally the roller shutter entrances lead into a workshop area with mezzanine level storage and a toilet. The offices in unit 6 are split over two floors and have two conservatories for further storage. In unit 7 they are again over two floors, to the front of the unit. The units benefits from three phase electricity and internal security bars.
Accommodation Description
Both units are currently let to Direct Taxis (Credit Rating 33, Moderate Risk) http://www.directtaxis.co.uk/ , a local taxi firm to Nuneaton having been in operation since 2009. The lease is for 15 years at a starting rental of £20,000 per annum with RPI yearly increases. The lease is fully repairing and insuring, with a tenant only break option after 7.5 years.
Service Charge There is no service charge for the units.
EPC The units have EPC ratings of E
Viewing Sq Ft
Sq M
Unit 6 Ground Floor Offices
212
19.69
Unit 6 First Floor Offices
279
25.92
All viewings to be arranged through sole agents Bromwich Hardy.
Legal Costs
Unit 6 Workshop
1,408
130.8
Unit 7 Workshop
1,755
163.04
Total
3,654
339.45
Each party will be responsible for their own legal costs in this transaction.
FOR SALE
Investment Opportunity On Renown Nuneaton Industrial Estate Units 6 & 7, Pool Road Industrial Estate, Pool Road, Nuneaton, Warwickshire CV10 9AR
FOR SALE
Investment Opportunity On Renown Nuneaton Industrial Estate Units 6 & 7, Pool Road Industrial Estate, Pool Road, Nuneaton, Warwickshire CV10 9AR
Misrepresentation Act 1967. Unfair Contract Terms 1977. The property Misdescription Act 1991. These particulars are issued without any responsibility on the part of the agent and are not to be construed as containing any representation or fact upon which any person is entitled to relay. Neither the agent nor any person in their employ has any authority to make or give any representation or warranty whatsoever in relation to the property. September 2016
