22 Woodside Industrial Park Works Road Letchworth Garden City Hertfordshire SG6 1LA

22 Woodside Industrial Park
Works Road
Letchworth Garden City
Hertfordshire
SG6 1LA

Well Located Industrial Investment

10 year lease from October 2017 (subject to option)
Approximately 5,284 sq ft
Other occupiers on the estate include Jewson, Howdens and Plumb Center
Strategic location close to A1(M) and about 1/2 mile east of Letchworth town centre

Lot
43
Auction
11th July 2018
Rent
£39,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Well Located Industrial Investment

10 year lease from October 2017 (subject to option)
Approximately 5,284 sq ft
Other occupiers on the estate include Jewson, Howdens and Plumb Center
Strategic location close to A1(M) and about 1/2 mile east of Letchworth town centre

Lot 43
Auction 11th July 2018
Rent £39,000 per Annum Exclusive
Status Sold Prior
Price
Sector
Industrial, Warehouse
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 4 miles north-east of Hitchin, 20 miles south-west of Cambridge
Roads: A505, A1(M) (junction 9)
Rail: Letchworth Garden City Railway Station
Air: London Luton Airport

Situation

The property is situated on Works Road, close to its junction with Arden Press Way, on the strategically located Woodside Industrial Estate. Woodside Industrial Estate benefits from easy access to A1(M) via junction 9 which is approximately 1 mile away. Other occupiers on the estate include Jewson, Howdens, Plumb Center and a number of independent operators.

Tenure

Virtual Freehold. For a term of 999 years (less 10 days) from 25th December 1909 at a current rent of £4,343.48 p.a.x., subject to rent reviews every 25 years. The next rent review is in 2033 when the rent will increase to £7,125.96 p.a.x. Thereafter (beginning in 2058) the rent will increase to the higher of OMV of the land or 2% annually compounded from 2008, the base figure being the current rent. The rent is subject to any change in the ratio of the lettable space within the demise to the lettable space within the Estate.

Location

Miles: 4 miles north-east of Hitchin, 20 miles south-west of Cambridge
Roads: A505, A1(M) (junction 9)
Rail: Letchworth Garden City Railway Station
Air: London Luton Airport

Situation

Tenure

Description

The property comprises ground floor warehouse accommodation with the first floor providing office accommodation. The property benefits from loading facilities at the rear and forecourt parking.

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.