44 / 46 Coldharbour Lane Harpenden Hertfordshire AL5 4UN

44 / 46 Coldharbour Lane
Harpenden
Hertfordshire
AL5 4UN

Freehold Warehouse Investment

  • Three warehouse units located on Coldharbour Lane Industrial Estate
  • 18.961 sq ft of warehouse accommodation on 0.94 acres
  • 5.5 miles to M1 (Junction 10)
  • Future residential development potential (subject to consents)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    12
  • Auction
    30th March 2017
  • Rent
    £120,580 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,790,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of Colliers Capital
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Warehouse Investment

  • Three warehouse units located on Coldharbour Lane Industrial Estate
  • 18.961 sq ft of warehouse accommodation on 0.94 acres
  • 5.5 miles to M1 (Junction 10)
  • Future residential development potential (subject to consents)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 12
  • Auction 30th March 2017
  • Rent
  • Status Sold
  • Price £1,790,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of Colliers Capital

Property Information

Location
Miles
5 miles north of St Albans, 27 miles north-west of central London
Roads
B653, A1081, M1 (Junction 9 & 10) & A1(M), (Junction 4 & 6) , M25
Rail
Harpenden Rail (25 mins direct to London St Pancras International)
Air
Luton International Airport
Situation

Harpenden is a popular Hertfordshire town some 27 miles north-west of London. The property is situated approximately 1 mile from the town centre in a mixed residential and industrial area, strategically located close to the M1 (junctions 9 & 10) and A1(M) (junctions 4 & 6). Adjacent to the property is the new Lodge Park Waterside development, creating 67 one and two bedroom flats. The Allied Business Centre is also nearby with occupiers including Willis Publicity, Elliot Scientific and Boxer Systems.

Tenure

Freehold.

Location
Miles
5 miles north of St Albans, 27 miles north-west of central London
Roads
B653, A1081, M1 (Junction 9 & 10) & A1(M), (Junction 4 & 6) , M25
Rail
Harpenden Rail (25 mins direct to London St Pancras International)
Air
Luton International Airport
Situation

Harpenden is a popular Hertfordshire town some 27 miles north-west of London. The property is situated approximately 1 mile from the town centre in a mixed residential and industrial area, strategically located close to the M1 (junctions 9 & 10) and A1(M) (junctions 4 & 6). Adjacent to the property is the new Lodge Park Waterside development, creating 67 one and two bedroom flats. The Allied Business Centre is also nearby with occupiers including Willis Publicity, Elliot Scientific and Boxer Systems.

Tenure

Freehold.

Description

The property comprises three ground floor industrial units with mezzanine ancillary accommodation in units A and B & C. The mezzanine accommodation for units B and C have not been included in the floor areas. The property benefits from roller shutter doors, on-site parking for each unit and a secure yard area for units B and C. The site has an approximate area of 0.38 hectares (0.94 acres.) .

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises three ground floor industrial units with mezzanine ancillary accommodation in units A and B & C. The mezzanine accommodation for units B and C have not been included in the floor areas. The property benefits from roller shutter doors, on-site parking for each unit and a secure yard area for units B and C. The site has an approximate area of 0.38 hectares (0.94 acres.) .

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Gross Approx)
Tenant Term Rent p.a.x Reviews
Unit A
Ground
Mezzanine
Industrial
Industrial
423.5 sq m
69.9 sq m
(4,559 sq ft) (752 sq ft)
EMMAUS ST ALBANS t/a Emmaus Furniture
Re-Use (1)
15 years from
03/02/2015 until
02/02/2030 (2)
£35,000 (6)
03/02/2020
03/02/2025
Units
B & C
Ground
Industrial
845.41 sq m
(9,100 sq ft)
A PLUS JOINERY LTD t/a Hertswood (3)
5 years from 29/09/2015 until
28/09/2020
£57,330 (6)
 
Unit D
Ground
Industrial
422.70 sq m
(4,550 sq ft)
WRIGHT TILES LIMITED
t/a Just Tiles (4)
21 years 04/12/2006 until
03/12/2027 (5)
£28,250 (6)
 
Total  
1,761 sq m
(18,961 sq ft)
    £120,580
 

(1) Emmaus St Albans is a charity working to end homelessness. Established in the 1940s, Emmaus now have over 90 charity shops across the UK (Source: www.emmaus.org.uk 17/02/2017).
(2) Under the terms of the lease, the current rent is £33,500 per annum with a fixed rental increase to £35,000 per annum in February 2018. The seller has agreed to adjust the completion monies so that the unit will effectively produce £35,000 per annum from completion of the sale. The lease provides a tenant option to determine on 03/02/2025.
(3) Hertswood is a UK joinery manufacturer of bespoke conservatories and orangeries, hardwood windows and doors, with over 15 years experience. Hertswood is widely known to the trade as A Plus Joinery Ltd (Source: www.hertswood.com 17/02/2017).
(4) Just Tiles are specialists in ceramic wall and floor tiles, domestic and contract fixing (Source: www.justtiles.com 17/02/2017).
(5) The current lease is for a term of 11 years expiring 03/12/2017, although, in addition, a reversionary lease is in place from expiry of the current term until 02/12/2027 at a rent of £28,250 per annum. The seller has agreed to adjust the completion monies so that the unit will effectively produce £28,250 per annum from completion of the sale.
(6) The seller holds a rental deposit for each unit.

Property Documents

  • Site Plan
    Updated Date
    29.10.19
    File Size
    684 KB
    View PDF
  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Edwin Coe 2 Stone Buildings, Lincolns Inn
London
WC2A 3TH
Philip Boursnell 0207 691 4130philip.boursnell@edwincoe.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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