Units 6 and 1, The Old Coal Yard comprise a Class E, light industrial/warehouse unit and an office building.
Unit 1 The unit comprises a mid-terraced portal frame facility providing light industrial workshop or storage. Built to an eaves height of 4.23m with a specification which includes concrete floor slabs, fluorescent strip lighting, roof lights, up and over loading door (3.47m wide x 3.5m high), rear door to yard area, the unit comprises the following:- Overall width 9.2m x overall depth 18.07m = 166.47 sq.m. (1,791 sq.ft.) At present there is no WC within this unit but this can be installed. Water is connected. Unit 6 The unit comprises a detached single storey portal frame building with uPVC double glazed windows and a timber clad frontage.
The property provides good quality office accommodation which could similarly be used as light industrial space or warehousing. The unit in greater detail comprises the following:- Overall width 9.16m x overall depth 8.85m = 81.07 sq.m. (872 sq.ft.) Fitted kitchen: 1.59m x 3.26m = 5.19 sq.m. (58 sq.ft.) WC facility The units’ specification includes electric underfloor heating, air conditioning, uplighters, concrete floor, central floor box and white painted walls.
( Agency Pilot Software ref: 673 )
Location
The picturesque village of Napton is located 3 miles due east of the market town of Southam, 10 miles south of Rugby, 8 miles west of Daventry, 17 miles north of Banbury and 10 miles east of Leamington Spa. This strategic location is only some 9 miles from the nearest access onto the M40 motorway going both east and west and benefits from the key regional amenities such as the NEC, Birmingham International Airport and the National Agricultural Centre. The Old Coal Yard is identified on the attached location map.
Accommodation
Unit- 1 - 1,791 sq.ft (166.47 sq.m)
Terms
Tenure The two properties are offered on new leases for a term to be agreed, the minimum period being three years. The leases will be excluded from Sections 24-28 (inclusive) of the Landlord & Tenant Act 1954. The leases will be drawn on full repairing and insuring terms subject to a Schedule and Record of Condition.
Services Mains water, electricity and drainage are connected to the buildings.
EPC TBA Planning Class E
Rent £8.00 per sq.ft. per annum plus VAT, paid quarterly in advance.
Rates The rateable value for Unit 1 for the current year is £7,500 so tenants may be entitled to 100% small business rates relief subject to rate payer’s status. The rateable value for Unit 6 for the current year is unconfirmed but it is understood that tenants may be entitled to 100% small business rates relief subject to rate payer’s status. To be confirmed.
Legal Costs Each party will meet their own legal costs.
Service Charge A modest service charge will be raised to cover the communal costs of maintaining the Old Coal Yard.