£675,000
(£244.74/sq. ft)
Industrial for saleUnit 3, Devonshire Business Centre, Cranborne Road, Potters Bar, Hertfordshire EN6
2,758 sq. ft
Available immediately
Freehold
About this property
Freehold
Income of £47,000 per annum
Rental Growth Pattern and Reversionary Uplift Opportunity
Stable Tenant in Occupation Since Sept 2019
Estimated Rates Payable: £20196
Location
Potters Bar occupies a superb location adjoining Junctions 23 and 24 of the M25 with easy links to the A1M and M1 just 15 miles north of Central London.
The railway station provides a fast service to London Kings Cross / St Pancras and the town provides a full range of shopping, recreational and restaurant facilities.
The property is located on the main Cranborne Commercial Estate which is on the west side of town and offers a particularly convenient link direct to the M25 / A1(M) at South Mimms.
Description
Attractive and unusual investment opportunity.
High quality building in a modern development.
Service Charge Information
There is a small estate service charge that the tenant is liable for under the terms of their lease.
Accommodation Text
A high-quality end of terrace office / warehouse / workshop that forms part of a modern development.
It has an attractive design with a front-loading shutter, servicing area and good parking provision.
The first floor extends the full span of the property and has been fitted out as high quality air-conditioned offices.
The warehouse / workshop area on the ground floor has also been fitted out as offices and features a board room.
The roller shutter is functional therefore the ground floor could easily be repurposed back into warehousing / storage space.
There are 7 allocated parking spaces in total. 2 directly outside the front of the unit and a further 5 to the side.
Tenure Comments
The property is for sale on a freehold basis subject to the occupational lease referred to.
The property is currently let on a full repairing and insuring lease to bts Group Services Limited expiring on 17 September 2029 at a rent of £47,000 per annum (reviewed in September 2024).
A copy of the lease documents a credit report for the tenant is available upon request.
The property is currently elected for VAT however the owner is able to de-elect prior to sale should this assist the purchaser.
Legal Costs
Each party to cover their own legal costs.
EPC
C - 68
Viewing
For further information please contact Davies & Co on Daniel Hiller
Clay Davies
Potters Bar occupies a superb location adjoining Junctions 23 and 24 of the M25 with easy links to the A1M and M1 just 15 miles north of Central London.
The railway station provides a fast service to London Kings Cross / St Pancras and the town provides a full range of shopping, recreational and restaurant facilities.
The property is located on the main Cranborne Commercial Estate which is on the west side of town and offers a particularly convenient link direct to the M25 / A1(M) at South Mimms.
Description
Attractive and unusual investment opportunity.
High quality building in a modern development.
Service Charge Information
There is a small estate service charge that the tenant is liable for under the terms of their lease.
Accommodation Text
A high-quality end of terrace office / warehouse / workshop that forms part of a modern development.
It has an attractive design with a front-loading shutter, servicing area and good parking provision.
The first floor extends the full span of the property and has been fitted out as high quality air-conditioned offices.
The warehouse / workshop area on the ground floor has also been fitted out as offices and features a board room.
The roller shutter is functional therefore the ground floor could easily be repurposed back into warehousing / storage space.
There are 7 allocated parking spaces in total. 2 directly outside the front of the unit and a further 5 to the side.
Tenure Comments
The property is for sale on a freehold basis subject to the occupational lease referred to.
The property is currently let on a full repairing and insuring lease to bts Group Services Limited expiring on 17 September 2029 at a rent of £47,000 per annum (reviewed in September 2024).
A copy of the lease documents a credit report for the tenant is available upon request.
The property is currently elected for VAT however the owner is able to de-elect prior to sale should this assist the purchaser.
Legal Costs
Each party to cover their own legal costs.
EPC
C - 68
Viewing
For further information please contact Davies & Co on Daniel Hiller
Clay Davies
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