101 Lockhurst Lane Coventry Warwickshire CV6 5SF

101 Lockhurst Lane
Coventry
Warwickshire
CV6 5SF

Freehold Industrial Investment

  • Approximately 5,760.53 sq m (62,006 sq ft)
  • Site area of 1.73 hectares (4.29 acres)
  • Prominent position close to Coventry Town Centre
  • Nearby occupiers include Enterprise Rent-A-Car, HSS Hire Group, Travis Perkins
  • Lot
    55
  • Auction
    11th December 2014
  • Rent
    £140,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £900,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On Behalf of Joint LPA Receivers
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Industrial Investment

  • Approximately 5,760.53 sq m (62,006 sq ft)
  • Site area of 1.73 hectares (4.29 acres)
  • Prominent position close to Coventry Town Centre
  • Nearby occupiers include Enterprise Rent-A-Car, HSS Hire Group, Travis Perkins
  • Lot 55
  • Auction 11th December 2014
  • Rent
  • Status Sold
  • Price £900,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On Behalf of Joint LPA Receivers

Property Information

Location
Miles
2 miles north of Coventry City Centre
20 miles east of Birmingham
Roads
M6, M42, M40, M45 M1
Rail
Coventry Railway Station
Air
Birmingham International Airport
Situation

The property is situated in a prominent position fronting Lockhurst Lane (B4118) between Coventry City Centre and junction 3 of the M6. The property benefits from excellent communication links to the M6 (Junction 3) and the national motorway network.

Tenure

Freehold.

Location
Miles
2 miles north of Coventry City Centre
20 miles east of Birmingham
Roads
M6, M42, M40, M45 M1
Rail
Coventry Railway Station
Air
Birmingham International Airport
Situation

The property is situated in a prominent position fronting Lockhurst Lane (B4118) between Coventry City Centre and junction 3 of the M6. The property benefits from excellent communication links to the M6 (Junction 3) and the national motorway network.

Tenure

Freehold.

Description

The property predominantly comprises a multi-storey manufacturing facility with production, storage, office, and laboratory areas. The tenant has installed sterilised manufacturing areas. The property shares services with all the owners of the larger site and a service agreement is in place. There is parking to the front and substantial parking to the rear which the adjoining owners have a right to use.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore +44(0)20 7034 4858

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property predominantly comprises a multi-storey manufacturing facility with production, storage, office, and laboratory areas. The tenant has installed sterilised manufacturing areas. The property shares services with all the owners of the larger site and a service agreement is in place. There is parking to the front and substantial parking to the rear which the adjoining owners have a right to use.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore +44(0)20 7034 4858

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Basement
to Third
Industrial
5,760.53 sq m
(62,006 sq ft)
SPECIALITY FIBRES AND
MATERIALS LTD (1)
10 years from 01/01/2000
until 31/12/2009
£140,000 Holding over
Totals  
5,760.53 sq m
(62,006 sq ft)
    £140,000 (2)

(1) For the year ending 31st December 2013, Speciality Fibres and Materials Ltd reported a turnover of £7,413,000, pre-tax profits of £1,632,000 and a total net worth of
£5,747,000. (Source: www.riskdisk.com 13/11/2014) SFM, based in Coventry, is staffed by a team of over 50 employees. Over the last three decades, the SFM team has been
responsible for the development and manufacture of some of the most successful advanced wound care products to be launched on to the market. With world leading
expertise and robust, arm’s length support from its parent, L&R, SFM continues to develop product concepts that will improve patient outcome and provide returns for its
partners. (Source: Company Website)
(2)Prior to the expiry of the current lease the tenant was paying a rent of £123,000. A new lease was agreed for a term of 10 years from 01/01/2010 until 31/12/2019. The lease was
not completed but the tenant has been paying an increased rent of £140,000 p.a.x since January 2010. A copy of the draft lease is available within the legal pack.

Property Documents

  • Site Plan
    Updated Date
    18.11.14
    File Size
    95 KB
    View PDF
  • Catalogue Page
    Updated Date
    18.11.14
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
DLA Piper LLP Victoria Square House, Victoria Square
Birmingham
B2 4DL
Charlotte Duce 0121 262 5648charlotte.duce@dlapiper.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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