The Point, Swallowfields, Welwyn Garden City, Hertfordshire, AL7 1JD
£289.69 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
8,630 sq ft
802 sq m
- SECTOR
Light industrial facility for sale
Key features
- 10 Self-contained units on a 0.45 acre site
- Prominent location in an established industrial area
- Fully let producing a rent income of £167,000 per annum
- Initial Net Yield of 6.3%
- Capital Value of £290 psf.
- All tenancies outside the 1954 Act
Description
Welwyn Garden City occupies a strategic location in the northern sector of the M25 corridor.
It is positioned between junctions 4 and 6 of the A1(M), approximately 7 miles north of the M25 at South Mimms (Junction 23). Additionally, the A414 dual carriageway provides a fast east-west link between the M1 at Hemel Hempstead and the M11 at Harlow.
Access to Swallowfields is via Bridge Road East alongside B&Q or via Woodfield Road next to the Fire Station. The area is an established commercial district within convenient walking distance of the station and town centre.
Description
Highly Prominent Multi-let industrial / Trade Counter Investment
Service Charge Information
Each tenant is liable for a small service charge. There are no wider estate service charges.
Accommodation Text
The Point - Modern Warehouse Estate
Completed in 2020 and set on a 0.45-acre site, The Point comprises a terrace of 10 self-contained warehouse units, ranging from 810 sq ft to 1,105 sq ft, totalling 8,630 sq ft on a broadly rectangular site.
The units are of steel frame construction with elevations of brick and profiled steel cladding. In addition, there is a small enclosed yard to the side of Unit 10, which is separately let.
Each unit features a glazed front door with a security roller shutter door (except Unit 2) and is served with heating, lighting, kitchen, and WC facilities.
The estate is currently let to 11 tenants, producing a current income of £167,000 per annum, with an ERV of £178,000. A tenancy schedule will be provided upon request.
Key Details:
* Leases are drafted on effectively full repairing and insuring terms.
* A service charge is in operation, currently equivalent to approximately £500 per unit.
* Each unit has its own dedicated power and fibre optic internet connection.
* 23 dedicated parking spaces.
Legal Costs
Each party is responsible for their own legal costs.
EPC
Each unit has a seperate EPC. Details can be found in the data room.
Viewing
For further information please contact Davies & Co on
Daniel Hiller d.
Clay Davies c.
Brochures
The Point, Swallowfields, Welwyn Garden City, Hertfordshire, AL7 1JD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Welwyn Garden City Station0.6 miles
- Welwyn North Station1.6 miles
- Hatfield Station2.8 miles
Notes
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