TO LET ON A NEW LEASE 3 ABBEY GATE NUNEATON CV11 4EH
• Selfelf-Contained Offices Arranged On On First And Second Floors • Located In The Commercial Pedestrianised Heart Of Nuneaton • Totalling About 109.44 m² (1,178 ft²) • Rental: £6,750 per annum • Rental Incentive Available
3 Abbey Gate, Nuneaton, CV11 4EH
LOCATION
SERVICES
The premises are situated in the commercial pedestrianised heart of Nuneaton, which is the largest town in the borough of Nuneaton and Bedworth with a population of 71,000 (Census 2001) and a catchment extending to around 120,000.
Mains electricity, water and drainage are understood to be installed to the property, subject to connection charges by the utility companies.
Nuneaton is approximately nine miles north of the City of Coventry and twenty miles east of Birmingham.
LEASE
The property is situated amongst a number of predominantly national concerns (Clintons, EE, Thomas Cook, Boots Opticians, etc.) and close to the Abbeygate Shopping Centre entrance. The premises are also well located for all other town centre amenities (including bus and railway stations) and public car parking facilities. DESCRIPTION The premises comprise a self-contained suite of offices arranged on first and second floors with their own ground floor entrance off Abbey Gate. The offices were previously occupied by a recruitment company, but are considered suitable for a variety of office uses, subject to obtaining any necessary consents. ACCOMMODATION All measurements are approximate and on a net internal area (NIA) basis.
No tests have been applied.
The suite is available for a term by agreement (but a minimum of three years is suggested) and will be drawn on internal repairing and apportioned insuring terms, together with the maintenance and decoration of all external doors and windows. Any letting will be outside of the security of tenure provisions of the Landlord & Tenant Act 1954. INITIAL RENT The commencing rental will be £6,750 per annum exclusive. RENTAL INCENTIVE The premises are available at half rent for the first year (i.e. £3,375 per annum), subject to the tenant committing to a minimum three year term. LEGAL COSTS
The premises are currently arranged as follows:-
Incoming tenant to pay all reasonable legal costs in respect of the transaction, including Stamp Duty and VAT, if applicable.
Ground Floor
VAT
Entrance off Abbey Gate. Stairs to:
All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT, if applicable.
First Floor 79.34 M² (854 Ft²) (Briefly comprising: Three Office Rooms; Kitchenette; Separate Male and Female WCs) Stairs to: Second Floor 30. 30.10 M² (324 Ft²) (Comprising: Two Office Rooms) TOTAL NET INTERNAL AREA 109. 109.44 M² (1 (1,178 Ft²)
FIXTURES AND FITTINGS All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from the letting.
3 Abbey Gate, Nuneaton, CV11 4EH Conditions under which particulars are issued:
LOCAL AUTHORITY Nuneaton and Bedworth Borough Council Town Hall Coton Road NUNEATON Warwickshire CV11 5AA Tel: 024 7637 6376
Messrs Loveitts for themselves and for vendors or lessors of this property, whose agent they are, give notice that: i)
The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute, or constitute part of, an offer or contract.
ii)
All descriptions, dimensions, reference to conditions and necessary permissions for use and occupation, and other details, are given in good faith and are believed to be correct and any intended purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them.
iii)
No partner or any person in the employment of Loveitts has any authority to make or give any representation or warranty whatever in relation to this property.
iv)
All prices and rents quoted are exclusive of V.A.T. unless otherwise stated.
BUSINESS RATES We are informally advised by the Local Authority that the Business Rates assessment is:Rateable Value:
£7,100
Please note that this is not the Rates Payable and prospective occupiers are advised to make their own enquiries with the Local Authority for verification of the Rateable Value and confirmation of the amount of Rates Payable. The rateable occupier of the premises may qualify for Small Business Rate Relief in respect of the 2014/15 financial year – further details are available at www.gov.uk. VIEWING By arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 E-mail:
[email protected] (Ref. SRE)
3 Abbey Gate, Nuneaton, CV11 4EH
Subject property for identification purposes only