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South East Industrial Estate 2 Properties Offered at £4,500,000 in Hitchin
Investment Highlights
- 7 meter eaves
- 8 roller shutter doors
- 77 car parking spaces
Executive Summary
Opportunity to acquire a 44,200 sq ft industrial warehouse in highly
sought after South East location
Hitchin industrial rents are significantly below surrounding key
towns of Stevenage and Letchworth making it an attractive location
for occupiers
The property will be let to Royde & Tucker on a FR&I 10-year
lease without break from completion
Passing rent £360,000 per annum reflecting a low rent of £8.14 psf
Upward only rent review in year five to the higher of OMV
with annual CPI capped and collared 2%-4% compounded
Total site area of 2.516 acres reflecting a low site density of 40%
Low capital value of £109.47 psf with local Vacant Possession Values
in the region of £150 psf
Property serves as the Headquarters Building for an established
tenant who have been in occupation for over 19 years
sought after South East location
Hitchin industrial rents are significantly below surrounding key
towns of Stevenage and Letchworth making it an attractive location
for occupiers
The property will be let to Royde & Tucker on a FR&I 10-year
lease without break from completion
Passing rent £360,000 per annum reflecting a low rent of £8.14 psf
Upward only rent review in year five to the higher of OMV
with annual CPI capped and collared 2%-4% compounded
Total site area of 2.516 acres reflecting a low site density of 40%
Low capital value of £109.47 psf with local Vacant Possession Values
in the region of £150 psf
Property serves as the Headquarters Building for an established
tenant who have been in occupation for over 19 years
Property Facts
| Price | £4,500,000 | Number of Properties | 2 |
| Price psf | £101.81 / sq ft | Individually For Sale | 0 |
| Yield | 7.44% | Total Property Size | 44,200 sq ft |
| Sale Type | Investment | Total Land Area | 16.23 ac |
| Status | Active |
| Price | £4,500,000 |
| Price psf | £101.81 / sq ft |
| Yield | 7.44% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Property Size | 44,200 sq ft |
| Total Land Area | 16.23 ac |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Cadwell Lane Industrial Estate
Bilton Rd, Hitchin SG4 0SB |
Industrial | 31,737 sq ft | 1980 | - |
|
5/6 Cadwell Lane Industrial Estate
Bilton Rd, Hitchin SG4 0SB |
Light Industrial | 12,463 sq ft | 2000 | - |
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Presented by
Moore Hunter
South East Industrial Estate
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