Location
Stevenage is the major commercial centre in north Hertfordshire located between Junctions 7 and 8 of the A1(M) approximately 34 miles north of Central London.
This is a well-planned progressive modern commercial centre with a strong high tech/aerospace presence incorporating many headquarters office buildings with multinational companies including Glaxo SmithKline, MBDA, Fujitsu, Airbus, and IET.
Stevenage station provides a fast service to London Kings Cross (minimum travel time 19 minutes). Luton and Stansted airports are conveniently close.
Description
Office / Laboratory Investment Sale
A superb semi-detached brick built two storey business building in a modern campus development in the prime business park location in Stevenage adjoining Junction 7 of the A1M.
It offers fully finished and highly specified accommodation on two floors and features the following:-
* Air conditioning
* Full access raised floors
* A high-quality kitchen on each floor
* Data Cabling / 100mb internet connections
* Suspended ceilings with recessed LED lighting
* Passenger lift
The ground floor is let to Axitan Research UK Limited, a biotechnology company on a lease expiring June 2026. Terms have been agreed to renew the lease for a term of 5 years at a rent of £26,000 p.a. The new lease is to be contract Outside the L&T Act.
The first floor is let to Engineering College of Technology Limited, a higher education provider specialising in engineering, until 26 August 2029. The current rent is £22,000 p.a. which will rise to £23,000 p.a. in Aug 2026 and then £24,000 p.a. in Aug 2027. Copy leases are available upon request.
Energy Performance Certidficate D(98).
Viewing
For further information please contact Davies & Co on 01707 274237
Daniel Hiller d.hiller@davies.uk.com
Clay Davies c.davies@davies.uk.com
11 car spaces
Prime location adjoining Junction 7 A1(M)
Current Rent income £45,000 p.a. rising to £50,000 p.a. in Aug 2026
Offers are invited for the freehold interest with the benefit of the income in the region of £790,000 plus VAT.
D (98)