Key Information
- Total NIA: 417.5 sq m (4,494 sq ft)
- Detached Grade A office building
- Let to Lear Corporation (UK) Limited
- Purchase price: £1,000,000
- Income producing £85,000 per annum exclusive
- £1,000,000
The property comprises a modern, detached two-storey building built circa 2006 in steel frame construction, with cavity wall brick elevations beneath a barrel-vaulted roof covered in insulated profile steel cladding. The front elevation comprises aluminium framed double glazing with brick cladding and incorporates double access entrance doors. The floors are a mixture of solid concrete and suspended timber construction. Internally, the property has been laid out to provide modern office accommodation over two floors and includes an entrance hallway, reception / waiting area, a mixture of open plan and cellular offices which have been divided using demountable partitioning, welfare facilities and ancillary storage at ground floor level. The first floor comprises a landing, waiting area, further open plan and cellular offices, a breakout space / kitchen, WC facilities and ancillary storage. The property benefits from high quality office accommodation which includes suspended ceilings with inset LED lighting, an HVAC system providing heating, cooling and ventilation, natural light throughout, full access raised floors, carpet and vinyl floor coverings. Externally, the property benefits from 14 allocated surface car parking spaces that are accessed via a security barrier.
Location
The premises are located in the Coventry Innovation Village which forms part of the wider Coventry University Technology Park Estate and is situated off Cheetah Road. The site is accessed via Puma Way which connects to both Parkside and Mile Way, providing direct links to the main A4114 London Road, a major arterial route offering easy access around the city via the ring road system. Coventry's main rail station and the City Centre's main retail areas are both within walking distance whilst the business park is positioned to the south of the A4053 City Centre ring road, which provides rapid access to the A45 / A46 / M6 / M69 / M40 / M42 / M1 trunk roads and motorways.
VAT
The property has been elected for VAT which will be charged at the prevailing rate. The sale may be treated as a Transfer of Going Concern (TOGC) and all interested parties are advised to undertake their own due diligence in this regard.
Rates
Premises: Unit 2, The Innovation Village, Cheetah Road, Coventry Description: Offices & Premises Local Authority: Coventry Rateable Value: £65,950.00 For the year commencing 1st April 2025, rates will normally be charged at 54.6p in the pound if the RV is £51,000 or above, and 49.9p if the RV is below £51,000. However, the amount payable may be affected by transitional adjustments or reliefs that may be applicable.
Services
All mains services are connected to the property, save for gas.
EPC
Available on request.
Legal Costs
Each party is to bear their own legal costs incurred.
Accommodation
Measurements are quoted on a Net Internal basis in accordance with the RICS Property Measurement Second Edition.
Planning
We understand the property has authorised consent under Class E Office use of the Town and Country Planning (Use Classes) (Amendments) (England) Regulations 2020.
Viewing
Viewings are by appointment with sole agents Innes England