* Modern Two - Storey Office Investment.
* Westwood Business Park is next to Coventry Airport & Segro Gateway Development.
* Office Floors Separately Metered & Assessed for Business Rates.
* Private Landscaped Site with 63 Parking Spaces (1: 150 sq. Ft. )
* Raised Floors & Air Conditioned.
* Virtual Freehold 999 Year Head - Lease.
* 10 years Fri Lease to Phocas Limited, with Tenant Break - Clause on 7th Anniversar
* Guarantor Phocas Group Pty Limited.
* Rent £142, 000 per annum (£15. 07 per sq. Ft. ), with mid - term omrr.
**Location
**
Coventry is located on the east side of the West Midlands conurbation, on the
edge of rural Warwickshire. Birmingham is 25 miles to the west, Leamington Spa
and Warwick 12 miles south and London 95 miles south.
Coventry mainline station train journey times to London are just over the
hour. Birmingham Airport and nec are 25 minutes' drive distance.
Middlemarch Business Park is a 110 - acre mixed use development of office,
warehouse and industrial units set in a landscaped environment, 3 miles south -
east of the City Centre. It is situated adjacent to Coventry Airport, with
access from Tollbar Island and Siskin Drive. The A45 and A46 trunk roads at
Tollbar provide dual carriageway connections to M69/M6, M40 and M40 Motorways.
Occupiers on the Business Park include Volvo Truck & Bus, Parcelforce, Unipart
Logistics, Stadco Group, dmg Mori, Faurecia, World Books, Gist Logistics,
Magna International, Macfarlane Packaging, Innovare, Arden University and bttj
Solicitors.
Coventry Airport was recently granted outline consent for development of the
West Midlands Giga Factory. Next to the Airport, infrastructure for Segro's
Coventry & Warwickshire Gateway is nearing completion. The gateway has 210
acres of strategic land to be developed for industrial and warehouse uses and
a new road bridge across the A45 links it with the UK Battery
Industrialisation Centre (ukbic) and Jaguar Land Rover.
Access to 2020 House is from a left turn off Siskin Drive, in front of the
Middlemarch Estate Directory Board.
**Description
**
A two - storey steel frame office building constructed in 1998 with feature
glazed façade. Elevations are built with sandstone brick columns and insulated
steel cladding panels between powder coated ground and first floor double
glazed windows. The building has a shallow pitch roof, incorporating canopy
over the entrance atrium, covered in double skin, insulated profile metal
cladding.
Floors and staircases are solid prefabricated concrete, with raised office
decks and carpet tile coverings. The accommodation has suspended ceiling grids
with LED panels and air conditioning cassettes integral to the ceilings and
fixed to some office walls. Ground and first floors have separate electrical
circuits with a submeter on the ground floor supply, offering letting
flexibility.
**Accommodation
**
Ground floor:
Reception 30. 81 sq. M 330 sq. ft
Staff Break - Out (left) 77. 56 sq. M 835 sq. ft
Offices (right) 82. 28 sq. M 885 sq. ft
Office/Training/Meeting Rooms 244. 57 sq. M 2630 sq. ft
Ladies, gent's & disabled toilets
first floor:
General Office 440. 95 sq. M 4745 sq. ft
Ladies and gents toilets &
showers
net internal area 876. 17 sq. M 9425 sq. ft
**Services
**
All mains services are connected to the property. Heating and cooling to the
offices is from Mitsubishi air conditioning cassettes and a gas fired boiler
heats radiators and water in the toilet facilities. Eight Person 630 Kg
Passenger Lift.
**Tenure
**
Leasehold 999 years from 26 February 1993 at an annual rent of one peppercorn.
**Tenancy
**
Phocas Limited (UK Co. No. 04212258) will enter into a 10 year full repairing
and insuring lease, simultaneous with completion of the property sale. The
Lease will include a Tenant break option on the seventh anniversary of the
Term.
Phocas Group Pty Limited (Australian Business Number 22 ) will Guarantee
performance of the Tenant covenants under the Lease.
**Rent
**
The rent to be reserved is £142, 000 per annum, subject to Open Market Rent
Review after 5 years.
**Covenant
**
Phocas was founded in 2001 and is now a global operation with 7 offices across
3 continents with 299 employees. The Company has created and continues to
develop a world leading software intelligence platform for business planning
and data analytics.
Significant investment was made into the company in 2021 which has resulted in
strong revenue growth across the group.
Click link for Company Overview.
Phocas Limited is a wholly owned subsidiary of Phocas Group Pty Limited, 35
Lime Street, King Street Wharf, Sydney, nsw, Australia.
Phocas Ltd and Phocas UK Ltd are the two business entities that operate from
2020 House. They reported revenues for the financial year ended 30th June 2022
of £6, 104, 362 and £9, 147, 602 respectively.
Phocas Group reported revenues of Aus $53, 574, 104 for the year ended June 2022
and forecast revenue growth for the year ending June 2023 of 26% to Aus
$67, 615, 000.

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