Large single storey recently refurbished three bay workshop building with offices, in Coventry

Large single storey recently refurbished three bay workshop building with offices, in Coventry
£22,500
Kevin Lynch
City: Birmingham
Last visit: 30 May 2014
Author's ads: 1

Posted: 30 May 2014

Description:

The property comprises a single storey three bay workshop building with offices, which has recently been refurbished to a high standard, being constructed in cavity facing brick blockwork which is insulated, with a steel truss roof covered in profile steel sheeting with roof lights, having a minimum working height of approximately 3m (9'10") to the eaves.

Access to the unit is off the front yard via a modern electrically operated sectional door together with an adjoining personal door and there is a further roller shutter which accesses an inspection bay adjoining the main workshop.

A gas-fired Powrmatic warm air blower is provided to the main workshop accommodation and also to the adjoining inspection bay, together with gas-fired central heating to the offices, etc.

The Landlord currently occupies one office at the side of the building which is excluded from the measured areas provided in these details and will retain use of part of the front yard as well as have access to the existing workshop w.c. facilities. The Landlord will pay a rental of £2,000 per annum inclusive for use of these areas.

Parking is possible within the shared front yard area and otherwise is provided for in a dedicated tarmacadam laid parking area at the front of the site.

ACCOMMODATION

The accommodation comprises principal workshop with wc facilities, adjoining inspection area, disabled toilet and kitchen, original laboratory (potential further office main reception office, store, canteen and further private office (this extending to an additional 19.82m (213ft) which is to be retained by the landlord in this case.

SERVICES

Mains water, drainage, gas and electricity (both single and three phase) are connected to the property which has the benefit of Powrmatic gas fired warm air blowers provided to the principal workshop space and to the inspection area, with gas fired central heating to the principle offices, etc.

LEASE TERMS

The property is available on the basis of a new full repairing and insuring lease for a term of years to be agreed, but a six year lease term is suggested, with a three yearly rent review.

INITIAL RENT

The commencing rental will be £22,500 per annum for the building in its entirety, i.e. to include the office to be retained by the landlord. VAT will be payable on the rent.

An underlease completed simultaneously with the head lease will then facilitate the retention of the single private office by the landlord who will pay an all-inclusive rental of £2,000 per annum for the use of this office together with the front yard and access to the wc facilities.

COSTS

The ingong tenant will be responsible for the Landlord's legal costs incurred in connection with this transaction, including the Stamp Duty payable on the counterpart lease and VAT as appropriate.

VAT

VAT is payable on the rent in this case.

More photos (2):