Due to Relocation For Sale / To Let Refurbished modern warehouse with showroom / trade counter Shire Bikes Premises Montague Road, Warwick CV34 5LW Gross Internal Area 5981 sq ft (555.63 sq m) Plus mezzanine of 5413 sq ft (502.87 sq m) Extensively refurbished in 2007 Providing a good mix of accommodation including large showroom area with trade counter, offices, warehouse, secure storeroom and extensive mezzanine accommodation Well located between the centres of Warwick and Leamington Spa and within easy reach of A46 and Junction 15 of the M40 at Warwick. 387,500 (no VAT) or 35,000 per annum (exclusive) Telephone 01926 430700 / Fax 01926 430290 38 Holly Walk Leamington Spa Warwickshire CV32 4LY www.wareingandcompany.co.uk
Location Montague Road runs between Charles Street and Spinney Hill which in turn link with Emscote Road and A429 Coventry Road respectively. Easy access is available to the town centres of Warwick and Leamington Spa together with the A46 bypass leading to the south side of Coventry to the north and Junction 15 of the M40 to the south. Montague Road is a mixed use environment with residential on one side of the road and predominantly industrial on the other. The area has attracted some very successful independent specialist companies which include Underwood Wine Merchants, PL Car Bodies, Montague Storage and Warwick Glass. Description The site was originally owned and occupied by Shire Foods who relocated to a larger building. The whole property being acquired jointly in 2007 by the current occupier and Underwoods Wine Merchants who subsequently split and refurbished their respective parts to provide self-contained accommodation for each company A pair of gates provides shared access with the subject property having exclusive use of the tarmac surfaced car parking area overlooking Montague Road with further parking on the concrete driveway running down the right hand side of the property which leads to the wine merchants building at the rear. The accommodation is presented in good order with the roof being replaced in 2002. Features include a gas central heating system to radiators to the offices, showroom area and part of the mezzanine and security bars/grilles to the windows with a roller shutter to the main reception entrance door. A roller shutter door provides access from the side of the property into the warehouse which measures 21.1m x 18.1m overall (69 3 x 59 5) and within this are secure stores built of block work. The extensive mezzanine provides full coverage over the warehouse and offers superb additional storage with the height from the concrete floor to the underside of the mezzanine being 3.59m (11 9). The accommodation can be broken down as follows: Gross Internal Area Accommodation Sq Ft Sq M Main office/showroom area overall 1870 173.72 Warehouse 4111 381.91 Mezzanine 5413 502.87 TOTAL FLOOR AREA 11,394 1058.50 Including: Showroom / trade counter 581 53.98 Two offices 307 28.54 Ancillary office / storage space 557 51.73 Trade Counter / Showroom Storage on Mezzanine (only part of the floor shown)
Services All main services are connected. Business Rates Rateable Value: 23,000 Rates Payable: 10,833 (2013 /14) Purchase Price 387,500 for the freehold interest with vacant possession upon completion. Lease Terms The premises are available to rent by way of a new full repairing and insuring lease for a term to be agreed. There will be a service charge for any costs incurred in relation to the upkeep of the shared concrete access road and the landlord will insure the building and the tenant will reimburse the premium. Rent 35,000 per annum exclusive of business rates, service charge, VAT and all other outgoings payable quarterly in advance. VAT VAT will NOT be payable on the purchase price or rent but, where appropriate, will be payable on service charge Legal Costs Each party will be responsible for their own legal costs incurred in this matter. Viewing By prior arrangement through the sole agent: Mark Thompson MRICS mark.thompson@wareingandcompany.co.uk Tel: 01926 430700 IMPORTANT NOTICE All statements contained within these particulars are believed to be correct but their accuracy is not guaranteed nor do they form part of any contract or warranty. Unless specified to the contrary, interested parties should note the following:- All dimensions, distances and floor areas are approximate and are given for guidance purposes only. Information on tenure or tenancies has been provided to us in good faith by the vendor/lessor of the property. Prospective purchasers/lessees are strongly recommended to have this information verified by their solicitors. Information on rating assessments and Town & Country planning matters has been obtained by verbal enquiry from the appropriate Local Authority. Prospective purchasers / lessees are recommended to obtain written confirmation prior to entering into any commitment to purchase/lease. All information on the availability of mains services is based on information supplied to us by the vendor/lessor. All other statements regarding service installations, including apparatus, fixtures and fittings, do not warrant the condition or serviceability of the items referred to as no tests have been carried out. Interested parties are recommended to arrange for any necessary tests to be carried out prior to acquisition. No investigations have been made to verify if any equipment, plant, machinery or services in or on the premises are compliant All prices and rents are quoted exclusive of VAT unless expressly stated to the contrary.