£24,000 pa
(£10.36/sq. ft. pa)
Industrial to let16 Portway Close, Coventry CV4
2,316 sq. ft
About this property
Substantial mezzanine accomodation
Mixed workshop, storage and office space
Fitted offices
Roller shutter loading access
Secure gated frontage with parking
Convenient access to the A45
Estimated Rates Payable: £38793000
Description
The property comprises a self contained, industrial/business unit providing a combination of workshop/storage and office accommodation. The ground floor provides predominantly open plan accommodation with a painted concrete floor, fluorescent lighting and a mixture of blockwork and lined internal walls, together with ancillary work/storage areas and a fitted kitchenette.
A substantial mezzanine has been installed within the unit, providing additional storage accommodation together with a number of enclosed cellular offices.
The office accommodation is carpeted and benefits from suspended ceilings with inset lighting, perimeter trunking providing power and data points, and electric heating.
Loading access is provided by way of a roller shutter door to the front elevation, together with a separate personnel entrance.
Externally, the unit benefits from a secure gated frontage with parking/loading immediately in front of the premises.
Location
The property is situated on Portway Close within the established Tile Hill area of Coventry, approximately 4 miles west of Coventry City Centre. Portway Close comprises an established commercial location occupied predominantly by industrial, warehouse and workshop users.
The location benefits from good access to the regional road network, with the A45 readily accessible providing connections towards Coventry City Centre, Birmingham and the wider Midlands motorway network. Tile Hill Railway Station is circa 1 km from the property, providing regular rail services to Coventry and Birmingham.
VAT
We understand that the property is not elected for VAT.
Service Charge
There is an annual Service Charge applicable (currently £549 pa). There is also a separate contribution towards the Sinking Fund and Insurance.
Legal Costs
The incoming tenant is likely to be required to contribute towards the Council’s legal costs. This contribution is anticipated to be in the region of £1,900 plus VAT but may be higher depending on the complexity of the transaction. The amount will be confirmed when terms are agreed.
Management Charge
There is a Management Charge of 5% of rent.
The property comprises a self contained, industrial/business unit providing a combination of workshop/storage and office accommodation. The ground floor provides predominantly open plan accommodation with a painted concrete floor, fluorescent lighting and a mixture of blockwork and lined internal walls, together with ancillary work/storage areas and a fitted kitchenette.
A substantial mezzanine has been installed within the unit, providing additional storage accommodation together with a number of enclosed cellular offices.
The office accommodation is carpeted and benefits from suspended ceilings with inset lighting, perimeter trunking providing power and data points, and electric heating.
Loading access is provided by way of a roller shutter door to the front elevation, together with a separate personnel entrance.
Externally, the unit benefits from a secure gated frontage with parking/loading immediately in front of the premises.
Location
The property is situated on Portway Close within the established Tile Hill area of Coventry, approximately 4 miles west of Coventry City Centre. Portway Close comprises an established commercial location occupied predominantly by industrial, warehouse and workshop users.
The location benefits from good access to the regional road network, with the A45 readily accessible providing connections towards Coventry City Centre, Birmingham and the wider Midlands motorway network. Tile Hill Railway Station is circa 1 km from the property, providing regular rail services to Coventry and Birmingham.
VAT
We understand that the property is not elected for VAT.
Service Charge
There is an annual Service Charge applicable (currently £549 pa). There is also a separate contribution towards the Sinking Fund and Insurance.
Legal Costs
The incoming tenant is likely to be required to contribute towards the Council’s legal costs. This contribution is anticipated to be in the region of £1,900 plus VAT but may be higher depending on the complexity of the transaction. The amount will be confirmed when terms are agreed.
Management Charge
There is a Management Charge of 5% of rent.
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