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
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.
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
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.
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.
