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5 Elm Court, Meriden Business Park, Copse Close Drive, Meriden, CV5 9RG

Sold Prior to auction, for an undisclosed amount.
 

Guide Price Sold Prior plus fees


Thursday 12th December 2013

11.00am
Key Features
A Freehold Office Investment Opportunity within an attractive modern purpose built Business Park environment<1mm/>Current Rental: £21,197 pa.
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Sold Prior to auction, for an undisclosed amount.

Office

Location

Elm Court at Meriden Business Park is located adjacent to the main A45 between Solihull and Coventry. Meriden Business Park benefits from an excellent location within close proximity of the regional and national motorway network via Junction 6 of the M42 Motorway, whilst Birmingham International Airport, Birmingham International Railway Station, the NEC and the National Motorcycle Museum are all approximately 5 miles distant to the west. The property further benefits from easy access to numerous motorways including the M6, M5, M42, M40, M1 and M69.

Property Description

The property comprises a modern two storey purpose built office unit of brick and tile construction within a small 9 unit development formed around a central courtyard with peripheral parking.The building is finished internally to a high standard with suspended tiled ceilings, category II lighting, plastered walls, carpet tiled floors, double glazed windows and gas fired central heating.

Property Type

Commercial Investment

Tag Line

A Freehold Office Investment Opportunity within an attractive modern purpose built Business Park environmentCurrent Rental: £21,197 pa.

Tenure

We understand that the property is Freehold, subject to a full repairing and insuring Lease for a term of 6 years from 2009 to L.M.T. Fette, guaranteed by the parent company, Fette GmbH. L.M.T Fette is a worldwide leading manufacturer of precision engineering, whilst Fette GmbH are a German owned conglomerate founded in 1908. The Lease is outside the protection of the 1954 Landlord and Tenant Act, Sections 24 to 28 (inclusive) and the current rent passing is £21,197.92 per annum.A copy of the Lease will be available for inspection within the legal pack.

Value Added Tax

The sale is being treated on a TOGC basis, full details will be contained within the legal pack and all interested parties should refer to this for clarification as to their potential liability.

Viewings & Further Details

Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.

Tenure: