Deals in Herts and London
Bowyer Bryce has announced the letting of the 16,600 sq ft industrial unit in Welwyn Garden City at One Bessemer Park to John Jones Ltd on a 10-year lease. The deal, done by joint agents Leighton Goldhill, is for an annual rent of £100,000 with a rent review in 2017. The tenant is to pay half-rent for the first two years of the lease and has the option to break at the end of the fifth year, subject to a three-month penalty.
Meanwhile sbh Page & Read’s Enfield office has reported the letting of offices in Enfield, on Innova Park, to Oasis Community Learning on a 10-year lease. The 7,620 sq ft office space on the ground floor of the east wing of Innova House has been let at an annual rent of £96,870. Also in Enfield, the firm has let a 10,000 sq ft industrial unit at the Watermill Business Centre on a lease totalling 10 years and six months, at an annual rent of £75,000. Two industrial units in Tottenham, on the Triumph Trading Estate, have also been let: one comprising 3,025 sq ft for three years at an annual rent of £22,766; and the other comprising 6,340 sq ft for five years at an annual rent of £40,768.
In addition, a 4,470 sq ft industrial unit in Hertford on Mead Lane has been let for 10 years at a £26,000 annual rent to 1st Call MOT Centre; and a second unit comprising 7,888 sq ft on the same road has been let for six years at £36,000 per annum to 4 Ace Limited. A 1,200 sq ft industrial property in Edmonton on the Hastingwood Trading Estate has been let to S&R Windows for one year at a £9,920 annual rent.
A retail property in Enfield has been let for 15 years by sbh Page & Read at an annual rent of £34,200. The 2.282 sq ft property is on the ground floor of Nicon House on Silver Street.
sbh Page & Read has also reported three sales: 11,697 sq ft of office space in Hertford, Collier House, has been sold for £910,000 to Team Q Maintenance; the 3,850 sq ft retail premises in Tottenham at 421 Lordship Lane has been bought by J Sainsbury for £730,000; and ERA Rodman Bros has bought a 6,000 sq ft industrial unit in Tottenham, on Tariff Road, for £450,000.
