Industrial & Warehouse / Redevelopment Potential
The property built in the 1950’s comprises a single storey industrial / warehouse unit with ancillary single storey support facilities [offices, canteen, WCs etc] to the rear fronted by a two storey office block. There is car parking off Elizabeth Way by the office entrance for visitors and extensive additional parking within the fenced site accessed either off Harolds Road or off Cawley Hatch.
The warehouse / industrial area has a flat roof with north lights on a steel frame, the walls are a mix of brickwork to 2m / 6’ 4” and glazing above, the floor is concrete. A level access sliding folding loading door [circa 3.7m / 12’ wide] is to be found on both east and west elevations. Eaves height is circa 4.74m / 15’ 5” ft to underside of steel frame. Within the area are a range of additional works offices. To the southern elevation is a single storey block brick built block with flat roof providing additional entrance, WCs, offices, stores, canteen, and meter / plant room. The warehouse has fluorescent lighting and heating is provided by ceiling mounted gas fired warm air blowers. The south eastern corner of the warehouse has a laying grid suspended ceiling with inset fluorescent lighting and is separated from the northern bay by a section of brick wall and by a demountable partition from the south western section.
The two storey office block is approached from the forecourt area fronting Elizabeth Way but has interlinking access at ground floor level with the warehouse / industrial area. The entrance leads to a large reception area with WC and stairs to first floor. The offices have plastered and emulsioned painted walls, suspended ceiling and secondary glazing to ground floor, solid floors, carpet and fluorescent lighting. The offices are divided to provide a mix of cellular and open plan areas. The current occupier does not use the first floor offices. Heating is provided by radiators and a gas fired boiler.
Location
Herbert House occupies a prominent slightly elevated position fronting Elizabeth Way [A1169] at its junction with Harolds Road on the western side of Harlow in the Pinnacles Industrial Area. Harlow had a population of circa 82,000 in the 2011 census which is expected to grow to just under 90,000 by 2021. Harlow is 10 miles south of Stansted International Airport, with easy links to the M11 & M25.Main line rail services are available from Harlow to Cambridge and London.
Local occupiers include GlaxoSmithKline, Poundland, Raytheon, Smiths Components and Harlow Group Storage.
Accommodation
The site extends to approximately 0.67ha / 1.7 acres.
Industrial/warehouse including boiler house/canteen/plant room/ works wcs - 2,696 sq ft (29,018 sq ft)
Offices - Ground Floor - 224 sq m (2,411 sq ft)
Offices - First Floor - 224 sq m (2,411 sq ft)
TOTAL approx GIA - 3,144 sq m (33,842 sq ft) 70 car parking spaces
The areas have been measured in accordance with the RICS Code of Measuring Practice and relate to approximate gross internal floor areas for the industrial / warehouse units and net lettable for the office building.
Terms
Tenure – The property is owned freehold subject to certain rights for occupiers off Cawley Hatch – further information is available upon request. The owner will consider a sale of the whole, a lease of the whole or joint venture proposals. On a letting the property would be available on a full repairing and insuring basis [subject to a photographic schedule of condition to be prepared by the incoming occupier at their cost and mutually agreed] and will be outside the provisions of s24-28 of the Landlord & Tenant Act 1954 in relation to security of tenure.
Price – Offers in excess of £1.5m are invited for the freehold interest with vacant possession.
Rental – £145,XXXa exclusive of VAT, business rates, and insurance. Rent will be payable quarterly in advance by Direct Debit.
Specification
- High profile industrial / warehouse & office complex fronting Elizabeth Way
- Opposite GSK New Frontiers Science Park
- Established employment location
- Established B1 consent but B
- Suit occupiers, owners, developers and investors
- Fenced site – 24/7 access
- 3,144 sqm / 33,842sqft incl 448 sqm / 4,822 sqft offices - GIA approx
- Site area 0.67 ha / 1.7 acres approx available.