T O L E T O N A N E W L E A S E UNIT 2, THE STABLES, 46 CASTLE HILL KENILWORTH CV8 1NB Character Office Accommodation Arranged On Two Floors With Dedicated Car Parking Space Located In The Favoured And Historic Warwickshire Town Of Kenilworth Net Internal Area Totalling About 39.08 M² (421 Ft²) Rental 9,636 Per Annum Exclusive
LOCATION The property occupies a prominent location on Castle Hill being conveniently situated between the Queen & Castle and Clarendon Arms and opposite the historic Grade I Listed Kenilworth Castle. Also nearby are Harringtons on the Hill (restaurant), Time for Tea and the Abbey Field park. Being located on the western edge of the town and situated within Kenilworth Conservation Area, the main shopping area is only a short distance away (about 0.5 miles) with multiple retailers including Waitrose, Sainsbury s, Costa Coffee, etc. nearby. There are also a number of other popular eating and drinking establishments including Marco s New York Italian by Marco Pierre White, The Cross at Kenilworth, Ego Mediterranean restaurant and bar, Zizzi, The Kenilworth (boutique hotel and cocktail bar), etc, nearby. The town centre has recently undergone significant improvement with the redevelopment of Talisman Square, the building of the new Waitrose store, the adjoining Nine Kings development and the Gallery development at Abbey End. There is limited stay on-street parking nearby, otherwise, The Stables benefits from three private car parking spaces (one for each unit additional parking may be available by separate negotiation) together with a visitor s space, which form part of the Queen & Castle car park which otherwise operates on a pay-and display basis. There is also a nearby bus stop and the new railway station (on the Leamington Spa to Coventry line) is scheduled to open in December 2016 and will be located about 1 mile distant on Priory Road. This favoured Warwickshire town, noted for the extensive ruins of its historic Castle and Abbey, has a parish population of 22,413 (2011 Census). It is well located being around 2 miles from the A46 (via the A452), which in turn provides access south to the M40 (junction 15) about a further 6 miles (the A46 also provides a speedy dual carriageway link to Coventry City Centre). Coventry can also be accessed via the A429 (about 5 miles north-east) with Warwick and Leamington Spa both also about 5 miles south and south-east respectively. DESCRIPTION We understand that The Stables once comprised outbuildings for the Grade II Listed Queen & Castle and were acquired by the current owners just over 10 years ago. Following partial rebuilding and re-roofing these principally brick built premises set beneath a pitched tiled roof were converted to provide three office suites each arranged on two floors. The accommodation is considered particularly well suited for occupation by design consultancy businesses or similar, however, prospective occupiers should rely on their own enquiries with the Planning Authority as to whether planning permission is necessary for their proposed use. ACCOMMODATION All measurements are approximate and on a Net Internal Area basis (eg excluding the areas below 1.5m, in particular those areas in the eaves which may otherwise be capable of beneficial use). Ground Floor Entrance door from the Queen & Castle car park leading to a communal lobby with shared toilet facilities. Door to: Unit 2 Office: 25.60 60m² (276( 276ft²) Stairs to: First Floor Office: 13.48 48m² (145( 145ft²) (including kitchenette) TOTAL NET INTERNAL AREA LEASE 39.08 M² (421 ( Ft²) The premises are available on a new tenant s effective full repairing and insuring lease (recoverable by a service charge) for a suggested term of three years or multiples thereof, subject to three yearly upward only rent reviews. The service charge is currently 420 plus VAT per month, which we understand includes (1) BT phone rental and all calls worldwide, (2) broadband (no limit on usage), (3) waste collection, (4) water charges, (5) electricity
standing charge and usage, (6) gas standing charge and usage, (7) buildings insurance, (8) landlord s administrative costs, (9) fire extinguisher and fire alarm testing and maintenance (10) security alarm testing and maintenance, (11) window cleaning. INITIAL RENT The premises are available at a commencing rental of 9,636 per annum exclusive. COSTS Incoming tenant to pay all reasonable legal costs in respect of the transaction, including Stamp Duty and VAT, if applicable. VAT LOCAL AUTHORITY Warwick District Council Riverside House Milverton Hall Leamington Spa CV32 5HZ Tel: 01926 410410 VIEWING By arrangement with:- LOVEITTS COMMERCIAL Telephone: 024 7622 8111 e-mail mail: : coventry.commercial@loveitts.co.uk (Ref. SRE) All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT, if applicable. Please note that VAT will be chargeable 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 any letting. SERVICES All mains services are understood to be available, subject to connection charges by the utility companies. No tests have been applied. RATES We are informally advised by the Local Authority that the current assessment is:- Rateable Value: 6,100 Please note that this is not the Rates Payable and prospective occupiers are advised to make their own enquiries with the Local Authority for verification of the Rateable Value and confirmation of the amount of Rates Payable including any business rates relief which may apply.
Subject property for identification purposes only
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) iii) iv) 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. 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. All prices and rents quoted are exclusive of V.A.T. unless otherwise stated.