property
The property is situated within the heart of the popular Sydenham Industrial Estate, situated on the south east side of Leamington Spa and accessed from the A425 Leamington to Daventry road. The Estate is well established with a number of units constructed during the 1970s and 80s and these are used for either light industrial or warehouse purposes.
Leamington Spa Town Centre is within easy reach, as is access to the Midlands Motorway Network via Junctions 13 to 15 of the M40 motorway, which provides links to Banbury to the south and Birmingham to the north.
ON BEHALF OF THE JOINT RECEIVERS
We understand that the property was previously occupied by Heinz and has been subject of substantial refurbishment, providing a large open plan warehouse unit upgraded with two storey internal office elements to the front. The property is of steel portal frame construction with brick and clad external elevations and there being a large yard and car parking area to the front and further yard and service access to the side.
A Long Leasehold Warehouse/ Production Building, extending to approximately 29,935 sq.ft. and benefitting from refurbishment and considered suitable for a variety of commercial uses, subject to obtaining the appropriate Planning Permission
We understand that the property is Long Leasehold, the Lease being for a term of 99 years from 1st April 1971, having approximately 57 years unexpired. The current ground rent is £30,000 per annum, subject to review every 14 years.
Full details relating to tenure will be contained within the legal pack.
We understand that the property has the benefit of a mixed use B8/B2 Consent, however all interested parties are advised to make their own enquiries of the Planning Department of Warwick District Council in respect of their proposed future use.
TBC
Viewings are strictly by arrangement with the Auctioneers.
For further details, please contact Ian Tudor on 0121 237 4850.
