TO LET ON LEASE 1-8 COLLED COLLEDGE ROAD HOLBROOK LANE COVENTRY CV6 4BH
• Modern Showroom Facility With Adjoining Vehicle Repair Workshop • Excellent Prominent Roadside Location With Forecourt Parking/Display • Principal Showroom Accommodation Extending To 281.46 m² ((3029 3029 ft²) Overall Having 27.3m (89’6”) (89’6”) Glazed Frontage • Adjoining Repair Workshop With Roller Shutter Door For Access • Total Net Area 473.61 m² (5098 ft²) • RENTAL - £55,000 per annum exclusive plus VAT
LOCATION
Lower Ground Flo Floor Office 18.71 m² (201 ft²)
The subject property occupies a highly visible location fronting Colledge Road at the junction of Lockhurst Lane, Holbrook Lane and the B4118 Holbrook Way, a short distance from Coventry’s North-South Road (the A444) providing a direct connection with the Ricoh Arena, Arena Park and the M6 Motorway at Junction 3.
Lower Ground Floor Store
The Coventry City Centre approximately 2½ miles distant.
itself
is
DESCRIPTION The property comprises a modern single storey showroom facility currently used for the retailing of motorcycles but considered suitable for a variety of uses, having an ancillary vehicle repair workshop attached along with offices, stores and w.c. facilities. The property is situated in a location overlooking a busy roundabout with vehicular access directly off Colledge Road which in turn leads to Buildbase. Otherwise the existing showroom has a ceramic tiled floor throughout together with a comprehensive lighting system, additional mezzanine storage and central heating installed. The workshop is also fitted with a ceramic tiled floor with brick walls and with gas-fired space heating provided.
Total Floor Area
6.18 m² (66 ft²)
473 m²
5098 ft²
(All measurements are approximate and on a net internal area basis).
SERVICES All mains services are understood to be connected with heating to the showroom and workshop provided by means of gas-fired space heaters. No tests have been applied. PLANNING The existing use is as a showroom with ancillary workshop accommodation considered to be a Sui Generis planning use. LEASE The property is available to lease for a term of years to be agreed. The new lease will be drawn on a full repairing and insuring basis. RENTAL £55,000 per annum exclusive, payable quarterly in advance. VAT is also applicable to the rent. COSTS
ACCOMMODATION The accommodation briefly comprises:-
Each party is to be responsible for their own legal costs incurred in this case.
Showroom
VAT
Mezzanine Showroom Mezzanine Store Kitchen
281.46 m² (3029 ft²) 37.00 m² (398 ft²) 9.85 m² (106 ft²) 2.37 m² (25 ft²)
W.C. Facilities Full Height Workshop
57.90 m² (623 ft²)
Further Workshop/Stores 60.14 m² (647 ft²)
All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT if applicable. At the time of preparation of these details (September 2016) the lessor had elected to charge VAT on the rent.
FIXTURES AND FITTINGS All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from the letting.
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.
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:Rateable Value: £40,250 Prospective occupiers are recommended to make their own enquiries with the Local Authority for verification. VIEWING By arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 E-mail:
[email protected] (Ref. JRP/AW) Joint Agent : EHB Commercial Telephone 01926 888181 E-mail :
[email protected] (Ref. Simon Hain)
Subject Property for identification purposes only