Plot 2 Warrenwood Industrial Estate, High Road SG14
16,238 sq ft (1,508.6 sq m)
Largest Detached Industrial / Warehouse Unit on the Estate with Office accommodation and staff welfare facilities
- Fenced and secure yard
- Car Parking
- 1 x Loading Door
- Three phase power
- 16,238 sq.ft. / 1508.66 sq.m GIA
The property forms part of a small estate overlooking the countryside but provides close proximity to the neighbouring major centres. The premises are located on the west side of the A199 High Road which links directly with the A602 to Stevenage to the north (connecting with the A1M) and Hertford and Ware to the south (connecting with the A10 and the M25). The nearest overground station is Hertford North (approx 2.5 miles)
Terms & Conditions
The landlord would look to sell the company Warren Wood Properties Limited which has the Long Leasehold interest of plot 2 which has 77 years unexpired. (expiry 1st December 2,095). This has tax benefits of 1% stamp duty instead of 5%. Other occupiers on the estate have been able to extend the long leasehold interest recently.
The property has a ground rent of £16,500 per annum. There are ground rent reviews every 5 years the last one being in 2016. The rent is calculated on open market value storage land.
Alternatively the landlord would consider letting the premises are available by way of a new fully repairing and insuring lease with terms to be agreed.