Offers over
£875,000
(£85.13/sq. ft)
Industrial for saleAlvis Works, Common Lane Industrial Estate, Common Lane, Kenilworth CV8
10,278 sq. ft
Freehold
About this property
8 units
Popular industrial location
Long-standing tenants
Flexible leases (tenancy schedule on request)
Rent roll of £40,950 per annum
Large potential for rental growth
Major development potential
Description
Alvis Works comprises a scheme of small industrial units plus one office building. The units are fully let, bringing in an annual rent roll of £40,950 and many of the tenants have occupied the estate for a number of years. The office building is located at the front of the estate, parallel to the estate road, with the remaining units being behind. The site benefits from a large car park in the centre of the estate, which provides ample parking for the occupiers. The units are exempt from EPCs and the exemption certificates are available on request.
Location
Kenilworth is a popular industrial location, suffering from a lack of available units, particularly at the smaller end of the market. Common Lane Industrial Estate is a long-established business location, home to numerous reputable occupiers, and has been the home of the Alvis Car Company for many years. The estate is surrounded by residential areas.
Viewings
By appointment with Bromwich Hardy.
Terms
Available freehold under Title WK7276. Register and Title Plan available on request. The two parking spaces highlighted red on the main image are to be leased back to the vendor at a peppercorn rent.
Alvis Works comprises a scheme of small industrial units plus one office building. The units are fully let, bringing in an annual rent roll of £40,950 and many of the tenants have occupied the estate for a number of years. The office building is located at the front of the estate, parallel to the estate road, with the remaining units being behind. The site benefits from a large car park in the centre of the estate, which provides ample parking for the occupiers. The units are exempt from EPCs and the exemption certificates are available on request.
Location
Kenilworth is a popular industrial location, suffering from a lack of available units, particularly at the smaller end of the market. Common Lane Industrial Estate is a long-established business location, home to numerous reputable occupiers, and has been the home of the Alvis Car Company for many years. The estate is surrounded by residential areas.
Viewings
By appointment with Bromwich Hardy.
Terms
Available freehold under Title WK7276. Register and Title Plan available on request. The two parking spaces highlighted red on the main image are to be leased back to the vendor at a peppercorn rent.
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Monthly repayment
£4,377 per month
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