Offers in region of
£12,750,000
(£62.89/sq. ft)
Industrial for saleCranborne House & Summit House, Cranborne Rd, Potters Bar EN6
202,743 sq. ft
About this property
Total passing rent of £1,101,952 per annum with an average rent of £5.53psf
ERVs in excess of £7.00psf. New build units commanding rents in excess of £15.00psf
Shorter lease terms allowing the opportunity to drive returns through active management from day 1
Rare ability to access most floors by truck and strong floor loadings
Seamlessly connected to London and M25
The subject property is situated approximately 1.2 miles (1.9km) north of Potters Bar town centre, along Cranborne Road. The surrounding area is made up of light industrial units of varying sizes with limited space for expansion.
Description
Reversionary South East Multi Let Industrial and Storage Investment.
Very well located in a highly affluent London satellite town.
Strong strategic location close to J23 M25 and A1(M) and good access into central London.
Two complementary buildings covering 202,743 sq ft over 2.6 acres.
Total passing rent of £1,101,952 per annum with an average rent of £5.53psf.
ERVs in excess of £7.00psf.
New build units commanding rents in excess of £15.00psf.
Shorter lease terms allowing the opportunity to drive returns through active management from day 1.
Rare ability to access most floors by truck and strong floor loadings.
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£63,781 per month
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