An end of terrace warehouse / trade counter unit held on an existing lease. The unit benefits from 5.5m eaves height, a ground level loading door, 8 car parking spaces plus additional estate parking and two storey offices. The existing tenant has installed a comprehensive mezzanine / racking system and ground floor trade counter area which could be available by separate negotiation. The passing rent of £43,500 is subject to a rent review in January 2023.
Location
The unit is situated on Hyatt Trading Estate, Babbage Road to the west of Stevenage Town Centre. Within the established Gunnels Wood Road industrial area the estate is located equidistant between Junction 7 & 8 of the A1(M) and 15 miles north of the M25 (J23). Stevenage is situated approximately 30 miles north of London, 9 miles north of Welwyn Garden City and 15 miles east of Luton. The town benefits from a mainline station providing direct links to London Kings Cross in approximately 20 mins.
Accommodation
Ground Floor Office/Warehouse 4,488 sq ft (417.0 sq m )
1st Floor Office 616 sq ft (57.2 sq m )
Mezzanine (can be removed) 2,552 sq ft (237.0 sq m )
Total excluding Mezzanine 5,104 sq ft (474.2 sq ft )
Terms
Service Charge Applicable – further information is available upon request.
Legal Costs Each party to be responsible for their own legal costs incurred in any transaction.
Business Rates The unit has a Rateable Value of £28,250 within the 2017
Rating List (This is not the rate payable). For further information interested parties are advised to make their own enquiries to Stevenage Borough Council.
Tenure The unit is held on an existing lease for a term of 10 years from January 2018 at a passing rent of £43,500 per annum (£8.52 per sqft) subject to a break option and rent review in January 2023. Our client is looking to assign their lease.
Specification
• 5.5m eaves height
• Recently externally redecorated
• Level access level loading door
• 3 phase power supply
• Easy access to A1(M)