HARWOODS HOUSE & BARNS - INVESTMENT/ DEVELOPMENT OPPORTUNITY - White Commercial
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HARWOODS
HOUSE
& BARNS
INVESTMENT/ Period House, Offices, Barns Harwoods House & Barns,
and Land with Planning Consent Banbury Road, Ashorne,
DEVELOPMENT Warwickshire, CV35 0AA
OPPORTUNITY
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 opportunity in highly sought-after location just off M40 at Fosse Way /
Banbury Road junction
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.
Unprecedented local investment includes:
• National Automotive Innovation Centre
• UK Battery Industrialisation Centre
• Battery Assembly Centre (JLR)
• UK Mobility Data Institute (Warwick Manufacturing Group)
• Smart City Mobility Centre (at Wellesbourne)
• JLR’s new £200 million Engineering & Design Centre at Gaydon
• Extensive number of new homes planned or under construction in the Warwickshire
area nearby
DISTANCES M40 junction 12: 2 miles Stratford Upon Avon: 7 miles M40 junction 15: 3 miles Banbury: 8 miles Gaydon (JLR/Aston Martin): 3 miles Coventry: 13 miles Royal Leamington Spa: 4 miles Birmingham: 20 miles Warwick: 6 miles Oxford: 22 miles If using a Satnav, please use the postcode CV33 9LA which will bring you to the main entrance. DESCRIPTION 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 & 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
Ground floor
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.
First floor
ACCOMMODATION Harwoods House (Gross Internal) (Sq Ft) (Sq M) Ground Floor 1,770 164 First Floor 1,770 164 Second Floor 1,443 134 Total 4,983 462 The Forge 1,302 121 The Dairy 1,270 118 The Coach House & Hovel (Net Internal) Ground Floor 1,539 143 First Floor 798 74 New Offices with planning consent Open Fields 10.80 acres 4.37 hectares Total Area 12.07 acres 4.89 hectares TENURE The property is held freehold under 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.
CURRENT LEASES HARWOODS HOUSE
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
& 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 & 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
THE COACH HOUSE & HOVEL
tenure provisions of the Landlord & Tenant Act 1954. The lease is subject to service charge.
ENERGY PERFORMANCE CERTIFICATES
Harwoods House G159 The Forge D93 Office
The Dairy E121 Coach House and Hovel D86 Server
Office Shwr W.C
Office W.C
Staff
LISTING AND PLANNING
Harwoods House is Grade II Listed (List Entry No. 1299985, date first listed 30th May 1967). W.C
Office Office
New build offices and parking under references: 13/00185/FUL,13/00186/LBC, 05/02930/LBC,
05/0928/FUL, 03/03196/FUL, 03/01621/FUL, 03/01623/LBC, 01/02103/FUL, 01/02107/LBC
PRICE THE FORGE
Offers are invited over £1.8 million.
VAT
VAT is payable in respect of tenant’s occupation and we assume will be payable in
respect of the sale.
Potential space for
LEGAL COSTS meeting room
Each party will be responsible for their own legal costs incurred in the transaction.
VIEWINGS AND FURTHER INFORMATION
Joint agents
Bromwich Hardy White Commercial Chartered Surveyors Ltd
1 Cobalt Centre Charter Court
Middlemarch Business Park 49 Castle Street
Siskin Parkway East Banbury THE DAIRY
Coventry Oxfordshire
CV3 4PE OX16 5NU
FAO: David Penn FAO: Chris White
Tel: 024 7630 8900 Tel: 01295 271000
Mobile: 07771 774640 Mobile: 07990 527551
Email: david.penn@bromwichhardy.com Email: chris@whitecommercial.co.uk
M
Warwick
M40
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40
Leamington Spa Spa
Leamington
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Northbound
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13/14
A46
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miles
miles
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Southbound
Southbound
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Junction 12
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15 3.8miles
miles
FO E W
15 3.8
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B4
6 (Warwick Services 0.5 miles)
A4
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6 (Warwick Services 0.5 miles)
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HARWOODS
HOUSE
FOSSE
& BARNS
FOSSE
5
HARWOODS
45
B4
Banbury Road
5
Stratford HOUSE
HARWOODS
45
Ashorne
Upon Avon & BARNS
B4
Warwickshire
Stratford HOUSE CV35 OAA
Upon Avon & BARNS
VIEWINGS
VIEWINGS VIEWINGS
David Penn
For further
For further information
information
For further information David
DavidPennPenn Chris White
please contact David T: 024 7630 8900
please contact:
please contact David Penn at Bromwich Hardy Tel:T: 024 7630
7630 8900
8900david.penn@bromwichhardy.com.
CHARTERED SURVEYORS
Tel: 01295 271000
the mark of property
Penn at Bromwich Hardy CHARTERED SURVEYORS
david.penn@bromwichhardy.com
COMMERCIAL PROPERTY ADVISORS
david.penn@bromwichhardy.com. chris@whitecommercial.co.uk professionalism worldwide
COMMERCIAL PROPERTY ADVISORS the mark of property
professionalism worldwide
Misrepresentation Act 1967. Unfair Contract Terms 1977. The property Misdescription Act 1991. These particulars are issued without any responsibility on the part of the agent and are not to be construed as containing any representation
or fact upon which any person is entitled to relay. Neither the agent or any person in their employ has any authority to make or give any representation or warranty whatsoever in relation to the property. September 2016
Misrepresentation Act 1967. Unfair Contract Terms 1977. The property Misdescription Act 1991. These particulars are issued without any responsibility on the part of the agent and are not to be construed as containing any
Misrepresentation Act 1967. Unfair Contract Terms 1977. The property Misdescription Act 1991. These particulars are issued without any responsibility on the part of the agent and are not to be construed as containing any representation
or factrepresentation
upon which anyorperson
fact upon whichtoany
is entitled person
relay. is entitled
Neither the agenttoorrelay. Neitherinthe
any person agent
their or any
employ hasperson in theirtoemploy
any authority make orhas
giveany
anyauthority to make
representation or give any
or warranty representation
whatsoever or warranty
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to the property. in relation
September 2016 to the property. February 2021.
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