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7 Charles Court, Budbrooke Road, Warwick Return to search results

Warwick, , CV34 5LZ

Status: To Let
Tenure:
Property: Unit 7
Size: 2,333 sq ft
Ref: 56254

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Description:

Charles Court was originally a headquarters building which was remodelled a number of years ago to provide 8 self-contained buildings, each being over three floors with allocated parking in the adjacent private car park.

The subject property is within a courtyard to the side of the main building and has been used for many years as a Driving Test Centre. The ground floor entrance hall has a disabled WC and a large open plan office which is currently partitioned to create a private office.

The first floor provides a further large open plan office with smaller office and kitchen, separate ladies and gentís WCís off the landing and the second floor has another large open plan office off which are two smaller offices.

The general specification includes concrete floors with carpets, suspended ceilings and VDU compliant fluorescent lighting, a gas fired central heating system to radiators and UPVC double glazed windows. Prior to the property being handed over, the accommodation will be refurbished to provide a contemporary interior.

Outside, there are 6 allocated car spaces in the private car park with further free on street car parking on Budbrooke Road.

Location:

Charles Court is a modern office development located off Budbrooke Road, to the west of Warwick Town Centre and a short distance from the A46 bypass.

Warwick Town Centre is also within easy reach as is the Sainsbury's superstore off the Birmingham Road and Freedom Leisure Gym on Welton Road

The railway stations at Warwick Parkway and on the A429 Coventry Road provide regular services to Birmingham and London Marylebone.

Accommodation:

TOTAL 2,333 SQ FT / 216.82 SQ M

Freehold Price:

£395K plus VAT

Leasehold Rent:

£22,000 per annum, exclusive of VAT, service charge, business rates and all other outgoings, payable quarterly in advance. At only £9.43 psf (exclusive) this represents excellent value for money for refurbished accommodation of this standard.

Rateable Value:

Rateable Value £24,250
Rates Payable £11,907 (2019/20)

Value Added Tax:

VAT will be payable on the rent and service charge.

Lease Terms:

A new full repairing and insuring lease will be granted for a term to be agreed with the letting being taken outside the Security of Tenure provisions of the Landlord & Tenant Act 1954.

A service charge will be levied by the landlord for any costs associated with the upkeep of the external common parts of the development, building insurance and a contribution towards the sinking fund for external redecoration. For the current year, the contribution from Unit 7 is £1,272 plus VAT.

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Mark Thompson