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Light Industrial for sale

GEDDINGS ROAD, GEDDINGS ROAD, HODDESDON, EN11

Sold by Us £1,450,000
14,870 sq. ft.

Property Description

Commercial information

  • 14,870 sq ft (1,381 sq m)

Key features

  • SELF CONTAINED SECURE SITE
  • CLOSE TO A10
  • PROMINENT POSITION
  • AMPLE CAR PARKING SPACES
  • ADDITIONAL OUT BUILDINGS
  • POTENTIAL FOR ALTERNATIVE USES SUBJECT TO PLANNING
  • An EPC has been commissioned and will be carried out on the 19th July 2017. Further details to be confirmed.

Full description

Description

The subject premises comprise a traditional "post war" two storey industrial unit constructed from concrete frame design under a pitched roof. Internally the accommodation is arranged as a ground floor workshop with first floor showroom, offices and ancillary storage areas. The building is situated on a secure site which is fenced with concrete composite cladding panels and double gates.

Location

The premises are situated on Geddings Road, Hoddesdon, within the heart of the established industrial area.

The site beenfits from a very prominent position at the junction of Geddings Road and Essex Road, diectly opposite Jewsons.


Accommodation

The property is measured in accordance with the RICS Property Measurement LIPS Standards, 1st edition May 2015.

Ground Floor - 7,435 sq ft 690.7 sq m
First Floor - 7,435 sq ft 690.7 sq m
Total - 14,870 sq ft (1,381.4 sq m)

Terms

The sale of the long leasehold interest is offered. The long lease is drawn up for a term of 999 years (less three days) from 25th March 1991 at a peppercorn ground rent with no rent review provision.

Price £1,450,000 for the long leasehold interest

Rateable Value

Rateable Value - £56,000
Rates Payable - £26,880
For the year 2017/2018

Service Charge

There is an estate service charge levied against occupation of the site details to be confirmed.

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