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Two Separate Industrial Buildings , Sanders Building and Gunnels Wood Road Building, G, Stevenage, SG1 2AU

60,729 Sq Ft / Industrial / General Industrial

For Sale

Under Offer - Last updated: 19 May 2020

The site totals approximately 3.7ac (1.49ha) and has two separate buildings. The Sanders Building is to the North of the site with parking to the front and loading to the rear. The building was constructed in the 1950’s and has offices to the ground and first floor at the front with storage and production areas to the rear. The Gunnels Wood Road building to the South of the site was constructed around the same time as the Sanders Building.

There is a separate store building at the rear of the site. The building has offices to the front over ground, first and second floors. There is parking to the front. At the far end of the site there is a general car park which is at a lower level than the buildings and covers an area of approximately 0.6ac (0.24ha).
( Agency Pilot Software Ref: 11158 )

Location

Stevenage is an expanding town adjacent to the A1(M), 35 miles north of central London, with two junctions at separate access points directly onto the major trunk road. Stevenage has a population of 83,957 (2011 census) and has excellent mainline railway connections with London Kings Cross (20 minutes travel time) and two international airports are within the vicinity at Luton (12 miles) and Stanstead (25 miles).

Stevenage Borough Council have committed to undertake a planned £350 million redevelopment of the town centre with the developers Mace Group Limited which will introduce new public realm areas, more residential and new open realm areas and is considered to have a start date of 2020. The plans to undertake this transformation of Stevenage are part of a 20 year regeneration program.

More details can be found on the Stevenage Borough Council Website at www.stevenage.co.uk. The site and buildings are in an excellent position in the centre of Stevenage’s prime employment area of Gunnels Wood Road. The site is located a the junction of Gunnels Wood Road (A1072) and Six Hills Way (A1070) and benefits from separate entrance and exits onto Gunnels Wood Road.

The site is located close to the Stevenage Leisure Park and town centre, both of which are within walking distance. The Stevenage Leisure Park benefits from many restaurants and leisure operators. All other normal shopping facilities can be found in the town centre, such as banks and supermarkets. The main transport hub is in the town centre with mainline railway station and bus station approximately a half mile distance. The town has a number of high profile employers including, Airbus, MBDA, Fujitsu, GSK, IET and Viavi.

Accommodation

SANDERS BUILDING Ground floor 27,556 sq ft (2,559 sq m )

First floor 2,475 sq ft (229 sq m )

External store 127 sq ft 11 sq m 30,159 sqft (2,801 sq m )

GUNNELS WOOD ROAD BUILDING Ground floor 27,878 sq ft (2,589 sq m )

First floor 2,316 sq ft (215 sq m)

Second floor 375 sq ft (34 sq m )

External store 3,283 sq ft (305 sq m )

Total Total 60,729 sq ft (5,641 sq m)

Terms

Tenant The Sanders Building is currently let on a lease dated 12 March 2019 to Trescal Limited for a term ending on the 4th September 2023. There is a schedule of condition with the lease. There is a rolling mutual break clause which requires not less than six months notice. The passing rent is £97,500pa. This lease is excluded from the renewal provisions of the Landlord and Tenant Act 1954.

Planning As far as our client can establish the site and properties has existing planning use of B1, B2 and B8 for the existing buildings, however you must make you own enquires in this regard. Stevenage Borough Council has designated the site in the new Stevenage Borough Local Plan 2011-2031, as land use designation EC2 which is defined as Gunnels Wood Road Employment Area and Gunnels Wood Edge of Centre Zone. Within this Edge of Centre Zone development (including changes of use) is for B1(a) offices or B1(b) research and development. For further information please contact Stevenage Borough Council on 01438 242242.

Tenure Freehold. Held under Land Registry Title Numbers: HD296865(Part) and HD165022.

Proposal Price on application for the freehold interest, subject to the aforementioned lease.

Rates We understand from the Valuation Office Agency website (www.voa.gov.uk) that the rateable value is £122,000 for the Sanders Building. The rateable value for the Gunnels Wood Road Building forms part of another assessment and will need to be split. The UBR for 2019/20 is 50.4p in the £. Rates payable may be subject to transitional arrangements and/or small business relief, which should be verified with the Charging Authority. Assessments may be subject to appeal.

Important The services, fixtures, fittings, appliances and other items of equipment referred to have not been tested by this firm and therefore no warranty can be given in respect of their condition. Prospective tenants/purchasers should satisfy themselves as to their condition.

Energy Performance Certificate (EPC) A copy of the EPC is available upon request. He buildings have the following ratings. Sanders Building – D-76 Gunnels Wood Road Building – E-108

Specification

• 2 Separate Buildings
• 100KVA Electricity Supply
• On site of 3.7ac (1.49ha)
• Excellent position in Stevenage prime employment area
• Income from existing tenant of £97,500pa
• Development/refurbishment/break-up potential
• Low capital value of £65/sqft
• Rare freehold opportunity
• Of interest to owner occupiers and developers

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold NA NA

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Daniel Musgrove

Brown & Lee Chartered Surveyors

01438 420169



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