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More details for Cranborne Rd, Potters Bar - Office for Sale

Knuway House - Cranborne Rd

Potters Bar, EN6 3JN

Retail for Sale
£325,000
1,171 sq ft
1 Unit Available

Air Conditioning
Security System

Potters Bar Office for Sale

Unit 4 Knuway House presents an opportunity to acquire a refurbished business unit investment within the established Cranborne Industrial Estate in Potters Bar. The property is offered for sale at £325,000 plus VAT by way of a 999-year leasehold interest from April 2007 at a fixed peppercorn rent. The investment benefits from a new 10-year lease to Alchemy Parts Ltd, a long-established motorcycle accessories specialist with a proven occupational history at the property dating back to 2007. The lease incorporates a tenant-only break option and rent review at the fifth year and produces an initial rent of £20,000 per annum exclusive. The transaction reflects an approximate initial yield of 5.9%, assuming purchaser acquisition costs of 6%. The property comprises a refurbished two-storey business unit providing showroom, storage and office accommodation. Located on the Cranborne Industrial Estate, the asset benefits from excellent access to Junction 24 of the M25, the A1(M), A1000 and Potters Bar railway station, providing strong regional and London connectivity. The combination of an established tenant, long lease term, refurbishment works and strategic South East location provides an attractive investment opportunity for private investors, property companies and income-focused buyers.