Light industrial to let in 1 & 6, The Old Coal Yard, Folly Lane, Napton, Southam, Warwickshire CV47

Description

Two units. Class E - Light industrial, storage and offices to let.

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.

Services

Mains water, electricity and drainage are connected to the buildings.

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.

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.

Service Charge

A modest service charge will be raised to cover the communal costs of maintaining the Old Coal Yard.

Legal Costs

Each party will meet their own legal costs.

EPC

Tba

Unit- 1 - 1,791 sq.ft (166.47 sq.m)

Unit 6 - 928 sq.ft (86 sq.m)

Available Separatly or As One

Available Now

Recently Refurbished With New Roofs

Rural Location

Secure Site