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Modern Distribution Warehouse In St Albans For Lease Assignment

North London, London, UK
Asking Price:
Undisclosed
Turnover:
Undisclosed
Net Profit:
Undisclosed

Ready for immediate occupation, this fully fitted modern distribution warehouse offers 32,825 sq ft of high-quality industrial accommodation with Grade A offices, high-specification security and excellent motorway connectivity. Located within the well-established Ventura Park Industrial Estate, the property is ideally suited for logistics, warehousing, e-commerce fulfilment or distribution operations.

The property comprises an open-plan steel portal frame warehouse with clear eaves of 7.2m rising to 11.5m at the roof apex, two electric loading doors, approximately 20m deep loading aprons and additional mezzanine storage. The warehouse benefits from three-phase power, LED lighting and racking. The office accommodation is arranged over two floors and includes fully fitted Grade A glass-partitioned offices, reception, canteen, comfort heating and cooling systems, shower and changing facilities, and male, female and accessible WC facilities. Externally, the property provides 30 allocated parking spaces, a security gatehouse with 24/7 use and a high-specification security system.

Strategically positioned just south of Junctions 21A and 22 of the M25 and within easy reach of Junction 6 of the M1, the property offers excellent access to London and the national motorway network. Radlett and Bricket Wood railway stations are approximately two miles away, providing convenient rail connections into Central London.

The property is available by lease assignment or subletting and is fully fitted throughout, allowing immediate occupation with minimal setup. Furniture is available by separate negotiation. Enquire today for further information or to arrange a viewing.

Property Information

Property:

Leasehold

Lease Terms:

Assignment or subletting of the existing lease from 18 January 2023 to 17 January 2033. Tenant-only break clause on 18 January 2028 with rent review on the same date. The lease is contracted inside the provisions of the Landlord and Tenant Act 1954 (Part II, as amended). Any subleases will be contracted outside the Act.

Leasehold Rent:

£558,025 per annum

Premises Details:

Modern steel portal frame distribution warehouse with Grade A office accommodation over ground and first floors. Features include open-plan warehouse space, mezzanine storage, two electric loading doors, reception, canteen, shower and changing facilities, LED lighting, three-phase power, high-specification security system, gatehouse, 30 parking spaces and approximately 20m deep loading apron.

Size in square feet:
25,882 sq ft
Planning Consent:

Use Class B8 (Storage or Distribution).