Industrial unit for sale
Property description & features
- Tenure: Freehold
- The property is situated in the heart of the Letchworth industrial catchment.
- The subject property incorporates 24,116 sq ft of light industrial estate, spread across 22 units.
- Rent Roll: £282,359.50 per annum (£11.64 psf overall).
- Most of the units are between 400 sq ft to 500 sq ft, with the two outliers being Units 17 & 18 which are 6,290 sq ft & 8,525 sq ft respectively.
- The virtual freehold site is 2.001 acres, a new 999 year long leasehold at peppercorn (allowing a wide range of commercial uses but restricting against residential) will be created.
- Both units 17 & 18 are nearing the end of their life cycle and need either refurbishment or redevelopment, works to modernise these buildings will significantly boost rental and investment values.
The property comprises two 1990’s built terraces of 20 small industrial starter units (400-500 sq ft) and two larger industrial units with 5.5m eaves (8,525 sq ft & 6,290 sq ft) and yards. All the units benefit from three phase power with roller shutter doors. The larger of the two terraces is of steel frame construction with brick and blockwork elevations underneath a stell clad mono pitched roof. Consisting of 15 units, each benefits from 5m minimum eaves heights, WC accommodation and allocated parking. The second smaller terrace comprises five units of steel
frame construction. The elevations and mono pitched roof are fully clad with profile steel sheets with the units benefitting from approx. 4m eaves, and allocated parking to the front. Unit 17 and 18 are located immediately on the right hand side as you enter the estate road and are of portal frame
construction with brickwork elevations underneath profile asbestos sheet roofs. Each provides detached warehouse accommodation and benefit from 2 storey office accommodation to the front and secure loading yards / parking to the side and rear.
Location
Letchworth Garden City is located in North Hertfordshire close to the Bedfordshire border. The town is very well connected, with the A505 passing through the town east to west and the town being adjacent to junction 9 of the A1(M). The A1(M) provides access to the national motorway network
and directly connects with London to the south. The A505 provides local connections to Luton and the M1 to the west and Cambridge (A10 and M11) to the east. The town lies 32 miles (51 km) north of London, on the railway linking London to Cambridge including nonstop services to London
Kings Cross in approximately 35 minutes.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 224714-1. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Strettons Commercial – City & City Fringe.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.