Bridgestone House Athena Drive, Tachbrook Park Warwick Warwickshire CV34 6UX

Bridgestone House
Athena Drive, Tachbrook Park
Warwick
Warwickshire
CV34 6UX

Freehold Office Investment

Entirely let to Bridgestone UK Limited
Prominent corner position within Tachbrook Park, the premier business park in Warwick & Leamington Spa
Tenant in occupation for at least 10 years
Nearby occupiers include Sutton Park Group Citroen/Renault Dealership, Calor Gas and Pure Office
On-site parking for approximately 70 cars

Lot
27
Auction
11th July 2013
Rent
£198,000 per Annum Exclusive
Status
Sold
Price
£1,070,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Major Fund

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Freehold Office Investment

Entirely let to Bridgestone UK Limited
Prominent corner position within Tachbrook Park, the premier business park in Warwick & Leamington Spa
Tenant in occupation for at least 10 years
Nearby occupiers include Sutton Park Group Citroen/Renault Dealership, Calor Gas and Pure Office
On-site parking for approximately 70 cars

Lot 27
Auction 11th July 2013
Rent £198,000 per Annum Exclusive
Status Sold
Price £1,070,000
Sector
Office
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Major Fund

Property Information

Location

Miles: 12.5 miles south of Coventry, 36 miles west of Northampton, 35 miles north-west of Birmingham
Roads: M1(J17), M40, A46
Rail: Warwick Rail Station (86 mins to London Marylebone)
Air: Coventry Airport, Birmingham Airport

Situation

The property is situated in a prominent corner location on the western side of Athena Drive, at its junction with Plato Close, Artemis Drive and Homer Close, in the heart of Tachbrook Park, the premier business park in Warwick & Leamington Spa. Covering over 400 acres, Tachbrook Park houses occupiers such as Wolseley, Leamington Shopping Park (with Sainsburys and other major national stores), Holiday Inn, Sutton Park Renault and Jaguar.

Tenure

Freehold.

Location

Miles: 12.5 miles south of Coventry, 36 miles west of Northampton, 35 miles north-west of Birmingham
Roads: M1(J17), M40, A46
Rail: Warwick Rail Station (86 mins to London Marylebone)
Air: Coventry Airport, Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises an office building over ground and first floor. The
property benefits from on site parking for approximately 70 cars, and a total approximate site area of 0.47 hectares (1.16 acres).

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground First	Office Office	601.36 sq m 601.08 sq m	(6,473 sq ft) (6,470 sq ft)	BRIDGESTONE UK LIMITED (1)	5 years from 29/09/2012 on a full repairing and insuring lease (2)	£198,000	28/09/2017
Totals		1,202.44 sq m	(12,943 sq ft)			£198,000

(1) For the year ending 31st December 2011, Bridgestone UK Limited reported a turnover of £270,148,000, pre-tax profits of £3,776,000 and a total net worth of £30,126,000. (Source: www.riskdisk.com 10/06/2013)
(2) The lease provides a tenant option to detemine on the third anniversary of the term on providing 6 months’ notice.