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A combination of modernoffice and warehouse/industrialspace with planning for afurther two buildings
For Sale
6.7 acre site with further development potential Welsh Road East, Napton HoltWarwickshire CV47 1NA
Clearwater Business Park
Clearwater Business ParkWelsh Road EastNapton HoltWarwickshireCV47 1NA (sat nav)
LocationClearwater Business Park was carefully considered for its location prior to being developed to a high standard over recent years. The site provides an excellent environment in which to work and is almost equidistant between the M40, M1 and M6.
During peak times of the day, most driving is against local traffic flow, which significantly improves the journey to and from work.
Situated at Napton Holt on Welsh Road East, two miles south east of the market town of Southam and a similar distance from the village of Priors Marston with good access to Banbury, Daventry, Rugby and Leamington Spa.
The availability of Clearwater Business Park represents a rare opportunity for owner occupiers, investors and developers to secure a 6.7 acre site with investment income, vacant industrial and office accommodation, for own occupation or investment with consent to develop a further 15,000 sq ft of accommodation. There is the potential through asset management and planning to increase value further.
Investment Summary6.7 acre site [approx]
Existing built accommodation of 20,000 sq ft (1,858 sq m) in 3 modern detached buildings [providing 4 units]
Consent for 15,000 sq ft(1,394 sq m) of new build
Income of £31,500 pa excl from Building 4 which is let on a 10 year FR & I lease to G8 Elements Ltd with effect from 05/11/2012. There is a Tenant break option at expiry of the 5th year and an open market upward only review in November 2017
ERV of existing buildings £117,485pa excl
Further potential beyond existing / consented development
WELSH ROAD EAST
NAPTON
SOUTHAM / M40
PRIORSMARSTON
BUILDING[1]
BUILDING[4]
EXISTING SITE LOADING DOORS
CONSENTED DEVELOPMENTPlanning Approved
POTENTIAL FURTHER DEVELOPMENTSubject To Planning Approval
Building 1 sq ft sq m
Total 7,673 713
Building 2 sq ft sq m
Total 2,662 247
Building 3 sq ft sq m
Total 3,465 322
Building 4 sq ft sq m
Total 6,200 576
Building 5 sq ft sq m
Total 7,500 697
Building 6
Total 7,500 697
Accommodation (GIA)
Planning consentIn November 2014 Stratford-On-Avon District Council granted consent [Ref 14/01923] for the development of a further 15,000 sq ft of new build B1 Business Units. Full details are available at www.stratford.gov.uk by following the links to planning.
BUILDING[2]
BUILDING[3]
Clearwater Business Park
Proposed Development
CONSENTED DEVELOPMENTCONSENTED DEVELOPMENT
BUILDING[6]
BUILDING[5]
EXISTING SITE
ServicesMains water and electricity are connected to the site. Drainage is to a private drainage system.
Service ChargeThe exisiting Estate is fully managed with a recoverable service charge which covers site management, maintenance and CCTV monitored security.
PlanningB1 Business - Offices, R & D& Light industry
VATPart of the property is VAT opted
EPCThe units have been assessed as follows:
Building 1: C-67Building 2: C-73 [assessed with Unit 3]
Building 3: C-73 [assessed with Unit 2]
Building 4: C-52
TermsThe property is available for sale freehold as a whole with the benefit of the income from Building 4. Further details are available upon application.
RatingThe Rateable Values for the existing buildings are as follows:Building 1: £35,250Building 2: £12,000Building 3: £15,250Building 4: £22,750
ViewingViewing strictly by appointment throughjoint agents
CHARTERED SURVEYORSCOMMERCIAL PROPERTY ADVISORS
Tom BromwichT: 02476 [email protected]
Charles SmithT: 01926 [email protected]
Misrepresentation Act 1967. Unfair Contract Terms 1977. The property Misdescription Act 1991. These particulars are issued without any responsibility on the part of the agents and are not to be construed as containing any representation or fact upon which any person is entitled to relay. Neither the agents or any person in their employ has any authority to make or give any representation or warranty whatsoever in relation to the property. May 2015
the mark of propertyprofessionalism worldwide
Clearwater Business ParkWelsh Road EastNapton HoltWarwickshireCV47 1NA (sat nav)
A14
A5
A423
A45A46
A426
A425
A508
M40
M45M1
M42
M6
LEAMINGTONSPA
STRATFORDUPON-AVON
COVENTRY
NORTHAMPTONDAVENTRYSOUTHAM
RUGBY
NUNEATON
LEAMINGTONSPA
STRATFORDUPON-AVON
COVENTRY
NORTHAMPTONDAVENTRYSOUTHAM
RUGBY
NUNEATON
BIRMINGHAMBIRMINGHAM
A429
SOUTHAMSOUTHAM
STOCKTONSTOCKTON
NAPTONNAPTON
A425
A423
RUGBY ROAD
BAN
BURY RD
WELSH ROAD EAST
HOLT RD
SOUTHAMSOUTHAM
STOCKTONSTOCKTON
NAPTONNAPTON
A425
A423
RUGBY ROAD
BAN
BURY RD
WELSH ROAD EAST
HOLT RD
