toletonleasetoletonle ase 1 lamb street 1 lamb street coventry cv1 4ae
TO LET ON LEASE 1 LAMB STREET COVENTRY CV1 4AE
• Former Warehouse Premises With Offices, Original Loading Bay Area, Yard And Car Parking • Currently Configured As Offices And Training Rooms With Café, Etc. Now To Be Stripped Out To Reinstate Original Warehouse Accommodation • Gross Internal Floor Area 1,442.21 sq. m. (15,524 (15,524 sq. ft.) • Potential For Various Commercial Uses Subject To Local Authority Consent • City Centre Location Immediately Adjacent To The Inner Ring Road And Directly Facing Belgrade Plaza With MultiMulti-Storey Car Parking Close By • Rental £80 £80,000 80,000 Per Annum Exclusive (Plus VAT)
1 Lamb Street, Coventry, CV1 4AE LOCATION
SERVICES
The property is located close to the junction of Lamb Street and Upper Wells Street being situated immediately adjacent to Coventry’s Inner Ring Road within the defined City Centre and easily accessed off the A4114 St. Nicholas Ringway via Tower Street. The Belgrade Plaza complex with its multi-storey car park is directly facing and the city centre shops including those at the West Orchard Shopping Centre and the Lower Precinct Shopping Centre are within a short walking distance.
Mains water, drainage, gas and electricity are connected to the premises.
Birmingham City Centre is within a 45 minute drive from the property, whilst Birmingham International Airport and Coventry Airport are also both easily accessible.
Vacant possession is available from September 2017.
Frequent rail services to London Euston are also available from Coventry Railway Station (approximately one hour journey time currently to London) which is only a short distance across the City Centre.
The commencing rental will be £80,000 per annum exclusive (plus VAT).
No tests have been applied. LEASE TERMS The property is available on the basis of a new full repairing and insuring lease for a term of years to be agreed, but a ten year term is suggested, with a five yearly rent review.
INITIAL RENT
COSTS
The M6 motorway at junctions 2 and 3 is approximately five miles distant.
The ingoing tenant to pay all reasonable legal costs in respect of the transaction, including Stamp Duty and VAT, if applicable.
DESCRIPTION
VAT
The property comprises a four bay former warehouse building with offices and loading bay area now configured to provide a range of offices, training rooms and café, etc., which it is envisaged will be stripped out to reinstate the original accommodation which otherwise is considered suitable for a variety of commercial uses subject to Local Authority consent.
All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT at the prevailing rate which is payable in addition to the rent in this case.
The property also has the benefit of a private walled and gated front service yard and a separate car parking area with eight car parking spaces, bike shed and disabled ramp access to premises. ACCOMMODATION The accommodation is arranged on a single storey and briefly comprises:M² Original Warehouse Loading Bay Area Original Offices Total
Ft²
1,171.26
12,607
70.86
763
200.09
2,154
1,442.21
15,524
(All measurements are approximate and on a gross internal area basis).
FIXTURES AND FITTINGS All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from the letting. LOCAL AUTHORITY Coventry City Council Council House Reception Earl Street Coventry CV1 5RR Tel: 0500 834 333
1 Lamb Street, Coventry, CV1 4AE RATES
Conditions under which particulars are issued:
We are informally advised by the Local Authority that the current assessment is:-
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.
Rateable Value: £92,500. The rateable value will need to be reassessed on the stripping out of the existing offices and training rooms, etc. Otherwise prospective occupiers are recommended to make their own enquiries with the Local Authority for verification. VIEWING Courtesy by the existing arrangement with:-
tenants
and
LOVEITTS COMMERCIAL Telephone: 024 7622 8111 E-mail: [email protected] (Ref. JRP/MD)
by
1 Lamb Street, Coventry, CV1 4AE
Subject property for identification purposes only
• Former Warehouse Premises With Offices, Original Loading Bay Area, Yard And Car Parking • Currently Configured As Offices And Training Rooms With Café, Etc. Now To Be Stripped Out To Reinstate Original Warehouse Accommodation • Gross Internal Floor Area 1,442.21 sq. m. (15,524 (15,524 sq. ft.) • Potential For Various Commercial Uses Subject To Local Authority Consent • City Centre Location Immediately Adjacent To The Inner Ring Road And Directly Facing Belgrade Plaza With MultiMulti-Storey Car Parking Close By • Rental £80 £80,000 80,000 Per Annum Exclusive (Plus VAT)
1 Lamb Street, Coventry, CV1 4AE LOCATION
SERVICES
The property is located close to the junction of Lamb Street and Upper Wells Street being situated immediately adjacent to Coventry’s Inner Ring Road within the defined City Centre and easily accessed off the A4114 St. Nicholas Ringway via Tower Street. The Belgrade Plaza complex with its multi-storey car park is directly facing and the city centre shops including those at the West Orchard Shopping Centre and the Lower Precinct Shopping Centre are within a short walking distance.
Mains water, drainage, gas and electricity are connected to the premises.
Birmingham City Centre is within a 45 minute drive from the property, whilst Birmingham International Airport and Coventry Airport are also both easily accessible.
Vacant possession is available from September 2017.
Frequent rail services to London Euston are also available from Coventry Railway Station (approximately one hour journey time currently to London) which is only a short distance across the City Centre.
The commencing rental will be £80,000 per annum exclusive (plus VAT).
No tests have been applied. LEASE TERMS The property is available on the basis of a new full repairing and insuring lease for a term of years to be agreed, but a ten year term is suggested, with a five yearly rent review.
INITIAL RENT
COSTS
The M6 motorway at junctions 2 and 3 is approximately five miles distant.
The ingoing tenant to pay all reasonable legal costs in respect of the transaction, including Stamp Duty and VAT, if applicable.
DESCRIPTION
VAT
The property comprises a four bay former warehouse building with offices and loading bay area now configured to provide a range of offices, training rooms and café, etc., which it is envisaged will be stripped out to reinstate the original accommodation which otherwise is considered suitable for a variety of commercial uses subject to Local Authority consent.
All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT at the prevailing rate which is payable in addition to the rent in this case.
The property also has the benefit of a private walled and gated front service yard and a separate car parking area with eight car parking spaces, bike shed and disabled ramp access to premises. ACCOMMODATION The accommodation is arranged on a single storey and briefly comprises:M² Original Warehouse Loading Bay Area Original Offices Total
Ft²
1,171.26
12,607
70.86
763
200.09
2,154
1,442.21
15,524
(All measurements are approximate and on a gross internal area basis).
FIXTURES AND FITTINGS All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from the letting. LOCAL AUTHORITY Coventry City Council Council House Reception Earl Street Coventry CV1 5RR Tel: 0500 834 333
1 Lamb Street, Coventry, CV1 4AE RATES
Conditions under which particulars are issued:
We are informally advised by the Local Authority that the current assessment is:-
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.
Rateable Value: £92,500. The rateable value will need to be reassessed on the stripping out of the existing offices and training rooms, etc. Otherwise prospective occupiers are recommended to make their own enquiries with the Local Authority for verification. VIEWING Courtesy by the existing arrangement with:-
tenants
and
LOVEITTS COMMERCIAL Telephone: 024 7622 8111 E-mail: [email protected] (Ref. JRP/MD)
by
1 Lamb Street, Coventry, CV1 4AE
Subject property for identification purposes only
