| Property Type | Industrial / Warehouse |
| Tenure | Lease Assignment |
| Size | 32,825 sq ft |
| Rent | The passing rent is currently £558,025 per annum. |
| Business Rates | Interested parties are advised to make their own enquiries with the local Council |
| Service Charge | TBC |
| VAT | Applicable |
| Energy Performance Rating | This property has been graded as B (49) |
Unit B is located within the well established Ventura Park Industrial Estate, Old Parkbury Lane just off Radlett Road. To the north, Radlett Road provides direct access to St. Albans and Borehamwood to the south. Tenants on the estate include DPD, Orlight and Frank Coffee Systems.
Ventura Park is strategically located just south of the M25 between junctions 21 & 22 which are 3.1 miles and 3.4 miles respectively, providing additional access to the M1 (Junction 6a) only 3.2 miles away. Radlett station is 2 miles south and offers fast rail links into London.
M25 (J21A) - 3.1 miles
M1 (J6) - 3.2 miles
Bricket Wood & Radlett Railway Station - 2 miles
Central London - 19.6 miles
Source: Google Maps
The premises comprises a ready to occupy modern steel portal frame distribution facility with grade A office accommodation arranged over two floors. The warehouse is of an open-plan configuration, ideal for storage and distribution uses with an additional mezzanine floor installed to maximise storage potential. The warehouse benefits from an excellent clear eaves height of 7.2m and is accessed via two large electric loading doors, serviced by a approx. 20m deep loading aprons.
The front elevation of the property comprises ground and first floor, fully fitted, grade A office accommodation with glass partitions, comfort heating and cooling systems and emphasis has been out on staff welfare with a large canteen, disabled, female and male WC’s, alongside a shower and changing room. 30 designated parking spaces are located in the front car park. The unit has been fully fitted to a high specification throughout and is ready for immediate occupation. Furniture can remain by way of separate negotiations.
Assignment or sub-letting of existing lease from and including 18 Jan 2023 to and including 17 Jan 2033, with a tenant only break clause at 18th Jan 2028 and a rent review at the same date. The lease has been contracted inside the provisions of the 1954 Landlord & Tenant Act (pt II as amended). Any sub-leases will be contracted outside the ’54 Act. Full lease available on request, subject to terms and conditions.
All measurements are approximate and measured on a gross internal area basis. (GIA)
| Description | sq ft | sq m |
|---|---|---|
| Warehouse | 25,882 | 2,404.52 |
| Ground Floor Offices | 4,510 | 418.99 |
| First Floor Offices | 2,433 | 226.03 |
| TOTAL | 32,825 | 3,049.54 |
| Approx. Mezzanine | 5,905 | 548.59 |
Interested parties will be required to provide the appropriate information to satisfy current AML regulations at the stage Heads of Terms are agreed.
None of the amenities have been tested by Telsar.
