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1 Mill Street, Coventry, CV1 4DF Return to search results

Coventry, West Midlands, CV1 4DF

Status: To Let
Tenure: Leasehold
Property: 1 Mill Street
Size: 4,785 sq ft
Ref: 56411

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Location:

Mill Street runs between Middleborough Road and Abbots Lane just off Barras Lane / Coundon Road on the north western edge of Coventry City Centre.

The immediate vicinity is predominantly residential so very quiet yet very accessible as the A4053 ring road is within a short drive and the City Centre and bus stops can be easily reached on foot. Alvis Retail Park is just over half a mile away and includes Morrisons superstore.

Accommodation:

The subject property comprises a detached two storey building of brick construction beneath a flat roof with a single storey entrance lobby with external roller shutters to the window and adjacent office one. At the rear is an attached warehouse on a steel portal frame with an insulated even-pitch roof, an eaves height of 15 9 (4.18m), electric heater and sliding metal concertina door. As well as providing excellent storage facilities, it could also be used for secure parking in addition to the private fenced car park which it is accessed off.

The property was extensively refurbished a few years ago when new UPVC double glazed windows were installed along with a gas fired central heating system to radiators, a ground floor kitchen, toilets ( including disabled), and suspended ceilings with fluorescent lighting.

The accommodation was originally open plan and the first floor has been sub-divided in part by the outgoing tenant to create private offices but these can be easily removed if not required. They have also installed vertical window blinds, a WC with a shower cubicle and an additional kitchen (the latter can be acquired from them otherwise they are likely to remove).

The premises are currently used as a community training and meeting centre with offices which fall under a mixed Class B1a and Class D1 use. As such, as well as a traditional office use they would also be suitable for clinic, health centre and medical consulting room purposes, a day nursery, place of worship and for educational purposes.

Leasehold Rent:

40,000 per annum exclusive of business rates, building insurance, utilities and all other outgoings and payable quarterly in advance.

Rateable Value:

14,750

Value Added Tax:

VAT will not be payable in addition on the rent.

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.

Legal Costs:

Each party will be responsible for their own legal costs incurred this matter.

Planning:

Planning consent was granted on 25th March 2014 for a change of use from offices and warehouse to offices and community training and meeting centre falling within a mixed Class B1a / D1 use. Conditions were attached to the consent which relate, we understand, to hours of use due to the potential for music to be played in the venue during certain hours. We expect these conditions can either be widened or removed altogether if the building is to be occupied in alternative ways.

Services:

All main services are connected to the premises but neither the landlord nor the agent can provide any guarantees or warranties in relation to their condition. Heating is via two gas fired boilers to radiators.

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Mark Thompson MRICS