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Description

Warwick House Industrial Park comprises 15 light industrial units from 500 sq. ft. to 3,600 sq. ft. (46.45 m2 -334.44 m2) and an office building. The units have an eaves height of 11' 6" feet (3.66 ms.) rising to 14' 7" (4.44 ms.) approx.. Units 7 & 8 are available without office accommodation

DESCRIPTION
Warwick House Industrial Park comprises 15 light industrial units from 500 sq. ft. to 3,600 sq. ft. (46.45 m2 -334.44 m2) and an office building. The units have an eaves height of 11' 6" feet (3.66 ms.) rising to 14' 7" (4.44 ms.) approx..

Units 7 & 8 are available without office accommodation, but with male & female toilets. The accommodation is as set out on the schedule overleaf. The units have a pedestrian door and steel roller shutter doors to the yard and 3 designated car parking spaces.

RENT & ACCOMMODATION
The annual exclusive rent, payable quarterly in advance by direct debit, is:-

Unit No. Size
(sq. ft. approx.) (gross internal area) Size
(m2 approx.) (gross internal area) Rent
£
7 & 8 1,200 - 2,400 111.50 - 223.0 6,000.00
(per unit)

SERVICES
All services, with the exception of gas, are connected.

LEASE TERMS
The Units are available by way of leases for periods of not less than three years, on full repairing and insuring terms. Rent reviews are operable every three years.

PLANNING
All interested parties should make their own enquires of the local planning authority to check if their intended use conforms with the existing planning consent.

SERVICE CHARGE & INSURANCE
A service charge is levied to cover such items as refuse collection, gardening, security lighting and management. The current annual deposit is 60p per sq. ft.. This will equate to £720.00 p.a. on a unit of 1,200 sq. ft. The proportionate insurance premium for building insurance and loss of rent is paid prior to completion of the lease and annually in February.

RATES
We were verbally informed by the Stratford on Avon District Council that the units are still assessed jointly. Therefore the Units will have to be reassessed. The Rate in the £ for the year until April 2005 is 45.6p.:-

Unit Nos. Rateable Value
£ Rates Payable
£ p.a. 2004/05
7 & 8 (Previously £5,600 per unit) (Approx. £2,554 per unit)

VAT
Currently the landlords have not elected to charge VAT on the rent and other outgoings liable under the terms of the lease. However they retain the right to do so in the future.

LEGAL COSTS
Both parties legal costs will be borne by the ingoing tenant.

VIEWING
Strictly by appointment with the landlord's retained letting and managing agents as above.

RENT DEPOSIT / GUARANTEES
In the case of new companies, a deposit of not less than 3 months rent and service charge, will be required to be deposited with the landlords on completion of the lease. References and the last 3 year's trading accounts will be required from established companies. The landlord also reserves the right to require a rent deposit, unless personal guarantees are available.

MISREPRESENTATION
Every effort has been made to ensure the accuracy of these particulars but neither Chadwick McRae nor the lessors can be held responsible for any error or omission. These particulars do not form part of any contract or offer. Prospective tenants are advised to make their own enquiries of all Statutory Authorities.