5 Spa Park, Spartan Close
Ashbourne Drive, Leamington Spa, CV34 6RRThe Space
HIGH QUALITY INDUSTRIAL / DISTRIBUTION UNIT AVAILABLE IMMEDIATELY BY WAY OF ASSIGNMENT OR SUBLEASE
At a glance
| Property Type | |
| Tenure | Lease Assignment |
| Size | 40,500 sq ft |
| Rent | £463,308.75 per annum |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | This property has been graded as A (16) |
Leamington Spa
16 mins
Warwick
42 mins
Warwick Parkway
65 mins
Kenilworth
99 mins
Chesham
1072 mins
Amersham
1105 mins
Chalfont and Latimer
1137 mins
Chorleywood
1175 mins
Key Points
- Eaves height of 10 metres, floor loading 50kN per sqm, power 11MVA
- Secure yard 40 meters depth
- 59 car parking spaces
- Self contained with barrier gate access
- 2 level access doors and 2 dock levellers
- Air conditioning heating and cooling to offices
Description
The building was constructed in 2020.
• BREEAM ‘Very Good’ rating
• Comprises a detached modern Industrial/ Warehouse Building
• Constructed to Eaves Height of 10 metres
• Floor Loading 50kN per Sq M
• Power Available 11MVA
• Secure Yard 40 Metres depth
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Ground - Ground Floor | 38,814 | 3,605.94 | Available |
| 1st - Office | 1,686 | 156.63 | Available |
| Total | 40,500 | 3,762.57 |
The Location
The property is located on Spa Park, a recently constructed Industrial / Distribution Park close to the A46 and Junctions 14 and 15 of the M40 Motorway. Royal Leamington Spa Train Station is less than 1 mile from the property.
Coventry and Warwickshire has a long-established track record for high quality engineering and advanced manufacturing as well as well developed supply chains and expertise in automotive, aerospace and energy generation technology.
Drive Times
Coventry 20 minutes
Birmingham International Airport 25 minutes
East Midlands Airport 1 hour
Luton 1 hour, 25 mins
Heathrow Airport 1 hour, 25 mins
Avonmouth Docks 1 hour, 35 mins
London Gateway Port 2 hours, 20 mins
Liverpool Port 2 hours, 20 mins
Tenure
The premises are available by way of an assignment of a 10 year lease from 11th November 2025 at a rental of £463,308.75.
The lease is on full repairing and insuring terms subject to a Schedule of Condition.
Rent Review at the 5th year and Tenant break at the 5th year. Rent Review to be the greater of open market rental value or CPI capped and collared at 4% and 2% per annum.
Consideration will be given to a sublease of the premises for a period up to the break clause.
EPC
The property has an EPC Rating of ‘A 16’.
Business Rates
Rateable Value £275,000, Rates Payable £118,250, Currently subject to an appeal.
Planning
We understand that the property has the benefit of planning permission for User Class E purposes.
Interested parties are advised to make their own enquiries of Warwick District Council Planning Department on 01926 456760.
Services
All mains services are available or are connected to the property.
Legal Costs
Each Party will meet their own legal and professional costs.