TO LET ON A NEW LEASE 225 HOLBROOK LANE COVENTRY CV6 4DE
Retail/Showroom Premises With Offices/Workroom, Rear Yard And Open Forecourt With Scope To Park Two Vehicles Prominently Situated Fronting The Busy Holbrook Lane Net Internal Area Of About 52.49m² (565ft²) Rental: £8,750 Per Annum Exclusive
225 Holbrook Lane, Coventry CV6 4DE
LOCATION
Outside
The subject property is located in an area of mixed residential, commercial and industrial development in the Holbrooks district of Coventry, Coventry being an expanding West Midlands city with a population of some 300,000 plus inhabitants, situated immediately adjacent to junctions 2 and 3 of the M6 motorway on the eastern fringe of the huge West Midlands conurbation (Junction 3 of the M6 is approximately 2.5 miles via Holbrook Way and the A444 north-south road with the M69 (Junction 2 of the M6) being about a further 2.5 miles distant).
Open paved forecourt with scope to park two vehicles and yard area currently accessed from the Further Office/Workroom at the rear.
The Ricoh Arena/Coventry Arena railway station are circa 1.5 miles distant at Rowleys Green. The premises are prominently situated on the western side of Holbrook Lane alongside largely traditional inter-war built housing. Coventry City Centre is approximately two miles distant. DESCRIPTION The property comprises the ground floor of an extended end-terraced building which is currently arranged as retail/showroom space with office area and further office/workroom. There is an open paved forecourt with scope to park two vehicles and yard area at the rear. There are also a number of other on and off-street parking options in the vicinity. The unit also benefits from fitted carpets, roller shutters and an intruder alarm. ACCOMMODATION All measurements are approximate and on a Net Internal Area (NIA) basis.
Note: The Landlords intend to use part of the rear yard for their own use and will separate this accordingly providing separate gated accesses from the rear. SERVICES All main services are understood to be available, subject to connection charges by the utility companies. No tests have been applied. LEASE The premises are available on a new tenant’s effective full repairing and insuring lease for a term of six years, subject to an upward only rent review at the end of the third year. INITIAL RENT The premises are available at a commencing rental of £8,750 per annum exclusive. COSTS Incoming tenant to pay all reasonable legal costs in respect of the transaction, including Stamp Duty and VAT, if applicable. VAT All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT, if applicable. FIXTURES AND FITTINGS
Ground Floor Retail/Showroom Area Office Area
36.30m² (391ft²) 4.11m² (44ft²)
Further Office/Workroom
12.08m² (130ft²)
WC TOTAL NET INTERNAL AREA 52.49 M² (565 Ft²)
All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from the letting.
225 Holbrook Lane, Coventry CV6 4DE
LOCAL AUTHORITY Coventry City Council Council House Reception Earl Street Coventry CV1 5RR Tel: 0500 834 333 RATES We are informally advised by the Local Authority that the current assessment is:Current Rateable Value:
£3,500*
(*2017 Draft Valuation :
£3,150)
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. Any queries regarding Business Rates Relief should also be directed to the Local Authority. VIEWING By arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 E-mail:
[email protected] (Ref: SRE)
225 Holbrook Lane, Coventry CV6 4DE
Subject property for identification purposes only
225 Holbrook Lane, Coventry CV6 4DE
Conditions under which particulars are issued: 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.