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Harwoods House and Barns, Banbury Road, Ashorne, Warwick, Warwickshire, CV35

For sale: £1,800,000.00|12.07 Acres|Office, Land, Other, Other, Land, Offices, Commercial Land, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£1,800,000.00
SIZE12.07 Acres
ADDRESSHarwoods House and Barns, Banbury Road, Ashorne, Warwick, Warwickshire, CV35
TYPEOffice, Land, Other, Other, Land, Offices, Commercial Land, Other Property Types & Opportunities
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON26th January 2021

DESCRIPTION

Property Highlights Landmark, listed former residence in need of refurbishment. Offices totalling 4,909 sq ft (456.2 sq m) let to three tenants Office income: £87,645 per annum. Planning permission for 8,696 sq ft (808 sq m) new build offices. Open fields included within total area of 12.07 acres (4.89 hectares). Rare and highly sought-after location at Fosse Way / Banbury Road junction. Harwoods House An impressive local landmark, Grade II listed period building, Harwoods House dates from the late 18th Century. The property is of Flemish bond red brick construction over three storeys, with an old tiled hipped roof and a number of outbuildings. The property is in need of sympathetic refurbishment, providing a wonderful opportunity for residential or commercial use. Office Barns - The Forge, The Dairy and The Coach House and Hovel There are three areas of former barns which were converted to highly specified offices in 2007. Each has underfloor heating with in-floor ducting for telecommunication connections, male and female WC's (including disabled facilities) and kitchenette. The buildings are set within an attractive landscaped setting with sufficient car parking. "The Forge" and "The Dairy" Barns are both single-storey. The "Coach House and Hovel" building is 'L' shaped being part two-storey and part single-storey. New Build Office Opportunity - 8,696 sq ft There is planning consent for a further new build office construction to the rear of Harwoods House, partly utilising existing outbuildings; totalling 8,696 sq ft (808 sq m). The accommodation has implemented planning and listed buildings consent from Stratford-on-Avon District Council under references 13/00185/FUL and 13/00186/LBC. The proposed scheme comprises office space, meeting rooms, 'buzz space', servery, toilet facilities and storage, along with 58 new parking spaces and covered cycle parking. The main access for the offices is to the rear of the Dutch barns off Fosse Way, with further access for Harwoods House itself off the Banbury Road. The planning permission for the new office building includes a new further access off Banbury Road; this entrance is also expected to provide access to the fields, which are currently arranged to provide a single grazing area. Location Where Dick Turpin stashed his ill-gotten gains, according to local legend, Harwoods House, land and buildings occupy a highly prominent and landmark position at the junction of the B4100 Warwick to Banbury Road and the B4455 Fosse Way, half way between Warwick and Gaydon, close to the village of Ashorne in the glorious Warwickshire countryside. Jaguar Land Rover and Aston Martin are both close by at Gaydon, with the Warwick Technology Park also just up the road. Coventry and Warwickshire are known for being at the forefront of technical innovation, creating and developing digital and transport technologies for the future. Brands such as Geely London Electric Vehicle Company, PSA Peugeot Citroen, Rolls Royce Aerospace, Tata Motors and VivaRail have made their homes here and the area is a major centre for B2B and gaming/entertainment software. Current Leases The Forge - 1,302 sq ft Let to Silverstone Auctions Limited (Company number 07464860) for a term of 10 years from 18th July 2017, with an end date of July 2027 at a current rent of £22,785 per annum. There is a rent review at 18th July 2022 and the tenant has a break clause as at 29th June 2022 exercisable by means of no less than six months prior notice. The lease has a Schedule of Condition and is excluded from the security of tenure provisions of the Landlord and Tenant Act 1954. The lease is subject to service charge. The Dairy - 1,270 sq ft Let to Selux UK Limited (Company number 02440744) at a rent of £22,860 per annum plus VAT with an end date of July 2027. The lease is full repairing and contracted outside the security of tenure provisions of the Landlord and Tenant Act 1954. The lease is subject to service charge. The Coach House and Hovel - 2,337 sq ft Let to Freestyle Agency, (Company Number 753777686) at a rent of £42,000 plus VAT with an end date of July 2027. The lease is full repairing and contracted outside the security of tenure provisions of the Landlord and Tenant Act 1954. The lease is subject to service charge. Tenure The property is held freehold under two separate titles as follows:- WK410586 - includes Harwoods House, The Coach House and Hovel, area with planning consent for offices, additional car parking, new entrance and open fields. WK397810 - The Forge, The Dairy and associated car parking. More information here: https://www.dropbox.com/sh/dx97kdthvzrpe9r/AADXj65ZJbgWBa__UKZoMBILa?dl=0 ( Agency Pilot Software Ref: 1900 )

LOCATION

Location: Harwoods House and Barns, Banbury Road, Ashorne, Warwick, Warwickshire, CV35

Leamington Spa (4.5 miles)

Warwick (5.4 miles)

Warwick Parkway (6.1 miles)

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