Unit 6 Arlington Business Park Whittle Way, Gunnels Wood Road Stevenage Herts SG1 2FS

Unit 6 Arlington Business Park
Whittle Way, Gunnels Wood Road
Stevenage
Herts
SG1 2FS

Freehold Office Investment close to the A1(M)

  • Modern office building of 574 sq m
  • (6,184 sq ft)
  • Let to Tollers Solicitors on a new 10 year lease (1)
  • Excellent office location approximately
  • 1/2 a mile from A1(M) (Junction 7)
  • 18 car parking spaces
  • Adjacent to Starbucks, Spar, Greggs and Subway
  • Nearby occupiers include GSK, Omega Group, Acoura and BMW Enterprise
  • Lot
    9
  • Auction
    12th February 2020
  • Rent
    £94,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,255,000
  • Sector
    Office
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
  • On Behalf of Praxis
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Office Investment close to the A1(M)

  • Modern office building of 574 sq m
  • (6,184 sq ft)
  • Let to Tollers Solicitors on a new 10 year lease (1)
  • Excellent office location approximately
  • 1/2 a mile from A1(M) (Junction 7)
  • 18 car parking spaces
  • Adjacent to Starbucks, Spar, Greggs and Subway
  • Nearby occupiers include GSK, Omega Group, Acoura and BMW Enterprise
  • Lot 9
  • Auction 12th February 2020
  • Rent
  • Status Sold
  • Price £1,255,000
  • Sector
    Office
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
  • On Behalf of Praxis

Property Information

Location
Miles
32 miles north of Central London
14 miles east of Luton
Roads
A1(M), A602, M25, A10
Rail
Stevenage Railway Station
Air
Luton Airport, Stansted Airport
Situation

Stevenage, the county town of Hertfordshire, is a popular London commuter town some 30 miles north of Central London that benefits from excellent connections to London via the A1(M) and M25.
The property is located to the south of the town centre, close to Junction 7 of the A1(M). The property is located on the Arlington Business Park, which fronts Gunnels Wood Road and is accessed via Whittle Way from the A602. Occupiers nearby include GSK, Omega Group, Acoura, BCX, Beechwood, BMW and Enterprise. The property is adjacent to Starbucks, Greggs, Spar and Subway together with a Shell petrol station.

Tenure

Freehold.

Location
Miles
32 miles north of Central London
14 miles east of Luton
Roads
A1(M), A602, M25, A10
Rail
Stevenage Railway Station
Air
Luton Airport, Stansted Airport
Situation

Stevenage, the county town of Hertfordshire, is a popular London commuter town some 30 miles north of Central London that benefits from excellent connections to London via the A1(M) and M25.
The property is located to the south of the town centre, close to Junction 7 of the A1(M). The property is located on the Arlington Business Park, which fronts Gunnels Wood Road and is accessed via Whittle Way from the A602. Occupiers nearby include GSK, Omega Group, Acoura, BCX, Beechwood, BMW and Enterprise. The property is adjacent to Starbucks, Greggs, Spar and Subway together with a Shell petrol station.

Tenure

Freehold.

Description

The property comprises a ground and first floor detached office building. The office accommodation benefits from suspended ceilings, raised floors, comfort cooling, a lift and the right to 18 car parking spaces.

VAT

VAT is applicable to this lot.

EPC

Band C. See legal pack at www.acuitus.co.uk.

Description

The property comprises a ground and first floor detached office building. The office accommodation benefits from suspended ceilings, raised floors, comfort cooling, a lift and the right to 18 car parking spaces.

VAT

VAT is applicable to this lot.

EPC

Band C. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground
First
Office
Office
287 sq m
287 sq m
(3,092 sq ft)
(3,092 sq ft)
TOLLERS LLP
(2)
10 years from 01/01/2020
on a full repairing and
insuring lease (1)
£94,000 (3) 01/01/2025
Total
574 sq m
(6,184 sq ft)
    £94,000  

(1) Tenant's option to determine in the 5th year upon six months' written notice.
(2) Tollers was founded in 1877 and has 175 members of staff, with offices and a geographic footprint throughout Northamptonshire, Buckinghamshire, Bedfordshire and Hertfordshire (Source:- www.tollers.co.uk). The tenant is not in occupation and will be undertaking fit out works shortly.
(3) The tenant has a 12 month rent free period. The Seller will adjust completion monies so that the unit effectively produces £94,000 per annum from completion of the sale.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Catalogue Page
    Updated Date
    22.01.20
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    22.01.20
    File Size
    1 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
Praxis Law 13 Police Street Manchester
Manchester
M2 7LQ
Mark Balmforth 01618308868mark.balmforth@praxis-law.co.uk

Useful Links

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

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