Log In/Sign up
Your email has been sent.
Middlesex House Rutherford Clos 11,748 sq ft 100% Let Office Property Stevenage SG1 2EF £2,200,000 (£187.27/sq ft)
Investment Highlights
- Modern office block arranged over ground and first floor.
- Let to four separate tenants benefiting from a WAULT of Circa 4 years to expiry.
- Completion available in 6 weeks.
- Total space 11,748 sq ft (1,091.4 sq m).
- Strong access to transport A1(M).
- VAT applicable.
Executive Summary
Stevenage is a town situated in Hertfordshire, approximately 30 miles north of central London. It serves as a key hub in the region, well\-connected by road and rail, making it easily accessible for commuters and visitors alike Easy access to junctions 7 and 8 of the A1\(M\). The A1\(M\) provides access to junction 23 of the M25, 16 miles to the south Stevenage railway station benefits from intercity rail services via the East Coast mainline providing access to London \(19 minutes\) and the north of England and Scotland Middlesex House is situated on the west side of Gunnels Wood Road, the main commercial area in Stevenage. The new GSK £400m life science campus is close by, which is due to create 5,000 new jobs in the next 10 years. Occupiers close by include: Huws Gray, Costco and Europcar. Tenants within the estate include A2 Global Electronics \+ Solutions, Eurochange LTD, ARJ Construction Ltd amongst others.
Modern 11,748 sq ft freehold office building in Stevenage, multi-let to four tenants with income and parking, available for £2,200,000! Middlesex House is a modern detached office building prominently positioned on Rutherford Close within the established commercial area of Stevenage. The property provides well-configured office accommodation arranged over ground and first floors, extending to approximately 11,748 sq ft (1,091.4 sq m), and is currently divided into four self-contained office suites. The building is multi-let to four separate occupiers, offering a diversified and sustainable income stream with a weighted average unexpired lease term of circa 4.5 years to expiry. The configuration of the accommodation provides flexibility for continued multi-let investment use, with potential future asset management opportunities. The property further benefits from on-site parking and represents an attractive freehold office investment in a well-established and strategically connected commercial location. Current tenants: Pearson Test Centre POhWER Baker Watkin Accounting Ltd Freeform Fabrication Ltd Modern office block arranged over ground and first floor Total space 11,748 sq ft (1,091.4 sq m) Let to four separate tenants benefiting from a WAULT of Circa 4 years to expiry Strong access to transport A1(M) Completion available in 6 weeks VAT applicable The building is multi-let to four separate occupiers, with a weighted average unexpired lease term of circa 4.5 years to expiry, and generates £183,523 pa.
Modern 11,748 sq ft freehold office building in Stevenage, multi-let to four tenants with income and parking, available for £2,200,000! Middlesex House is a modern detached office building prominently positioned on Rutherford Close within the established commercial area of Stevenage. The property provides well-configured office accommodation arranged over ground and first floors, extending to approximately 11,748 sq ft (1,091.4 sq m), and is currently divided into four self-contained office suites. The building is multi-let to four separate occupiers, offering a diversified and sustainable income stream with a weighted average unexpired lease term of circa 4.5 years to expiry. The configuration of the accommodation provides flexibility for continued multi-let investment use, with potential future asset management opportunities. The property further benefits from on-site parking and represents an attractive freehold office investment in a well-established and strategically connected commercial location. Current tenants: Pearson Test Centre POhWER Baker Watkin Accounting Ltd Freeform Fabrication Ltd Modern office block arranged over ground and first floor Total space 11,748 sq ft (1,091.4 sq m) Let to four separate tenants benefiting from a WAULT of Circa 4 years to expiry Strong access to transport A1(M) Completion available in 6 weeks VAT applicable The building is multi-let to four separate occupiers, with a weighted average unexpired lease term of circa 4.5 years to expiry, and generates £183,523 pa.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
11,748 sq ft
Costar Property Class
B
Year Built
1990
Price
£2,200,000
Price per sq ft
£187.27
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
5,874 sq ft
Plot ratio
0.13
Total Plot Size
2.02 ac
Parking
14 Spaces (1.19 Spaces per 1,000 sq ft Leased)
Amenities
- 24 Hour Access
- Reception
- Wi-Fi
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
- Expert Access Solutions
- -
- 2,943 sq ft
- -
- Nov 2029
- Pearson Professional Assessments
- -
- 2,949 sq ft
- -
- Mar 2030
- POhWER
- -
- 2,955 sq ft
- -
- Feb 2033
- SKS Baker Watkin
- -
- 2,901 sq ft
- -
- Mar 2029
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
| Expert Access Solutions | - | 2,943 sq ft | - | Nov 2029 | ||
| Pearson Professional Assessments | - | 2,949 sq ft | - | Mar 2030 | ||
| POhWER | - | 2,955 sq ft | - | Feb 2033 | ||
| SKS Baker Watkin | - | 2,901 sq ft | - | Mar 2029 |
1 1
1 of 75
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Middlesex House | Rutherford Clos
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.