Leamington Spa, , CV31 1XT
Status: To Let
Property: 14 Highdown Road
Size: 2,210 sq ft
The unit, which is end of terrace, comprises a single span building of steel portal frame construction with cavity brickwork to a height of approximately 2.44m (8’) and insulated plastic coated steel cladding above. The pitched roof is covered with insulated corrugated asbestos sheeting with translucent roof panels to approximately 10% of the total roof area.
The unit has a reinforced concrete floor, together with a manually operated roller shutter door 4.88m high x 3.66m wide (16’ x 12’), separate male and female toilet accommodation, a small kitchen area as well as an office of approximately 190 sq ft (17.65 sq m).
Car parking is provided immediately in front of the property
The property is located in a terrace of similar units on the east side of Highdown Road on the Sydenham Industrial Estate, which is to the south-east of the town. Leamington Spa itself is centrally located in the country.
The A425 provides links with the areas to the east of the town including Rugby, Northampton, Daventry and the M1 Motorway whilst the M40 to the south-west of the town provides direct links to London and Birmingham. Birmingham International Airport is located approximately 15 miles to the north-west of the town.
Ground Floor Area – 18.49m x 11.10m (60’8’’ x 36’5’’) ie. 2,210 sq ft (205.3 sq m).
£18,500 per annum
Rateable Value £12,000
The property is available to let for a term to be agreed at a rent of £18,500 per annum exclusive of Business Rates and all other outgoings.
Under the terms of the lease, the tenant will be responsible for all repairs and decoration, both internal and external, as well as for reimbursing the landlord with the premium incurred in relation to the insurance of the property.
The ingoing tenant is to be responsible for the legal costs incurred by the landlord in relation to the preparation of the lease including any Stamp Duty Land Tax and VAT payable thereon.
The property has the benefit of planning consent for uses falling within Class B1(c) of the Town & Country Planning (Use Classes) Order 1987 ie. for light industrial purposes. It is however, possible to change the use of the unit to a use falling within Class B8 of the Order (Storage & Distribution) without the need to obtain planning permission.
Mains water, electricity and drainage are connected to the unit, which is heated by a free standing fan assisted oil fired heater served by a separate oil storage tank located at the rear of the unit. We understand that gas is not available in that part of the estate.
Bill Wareing FRICS