Warning - This property listing has now expired.

Any changes made to the content of this listing WILL NOT BE SAVED. However, you can still change the property status (i.e. available/sold/let etc).

To renew this property or for further assistance please call 01767 313380 or email renewals@novaloca.com.

Lister House, Blackburn Road, Houghton Regis, LU5 5BQ

19,900 Sq Ft / Industrial / Warehouse

For Sale - £3,438,000.00

Available - Last updated: 07 November 2024

Prime Warehouse Investment Opportunity: Secure Long-Term Income in Strategic M1 Location Near Houghton Regis, Dunstable

  • Single let warehouse investment.
  • Long-term secure income to October 2036.
  • Located in Houghton Regis, Dunstable, near the M1 and M25.
  • Modern high bay (9.5m eaves) warehouse premises.
  • 19,900 sqft (1,848.77 sqm) GIA.
  • Site area of 0.93 acres (0.376 ha), 46% site cover.
  • Let to Helapet Limited and Clinimed Holdings Limited (Guarantor), Experian “Very Low Risk”.
  • £218,900 pa from October 2026.
  • Quoting price £3,438,000, excl VAT
The price reflects a net yield of 6.00% and a reversionary yield of 7.09% based on the current ERV, assuming usual purchasers costs of 6.19%.

 

Location

Lister House is located on Blackburn Road within the established Townsend Industrial Estate in Houghton Regis, Dunstable. This property benefits from a strategic position near the M1 motorway (J11a), Luton Airport, and the M25, providing excellent connectivity.

 

 

Accommodation

The property measures 19,900 sqft (GIA) and features a modern, detached high bay warehouse with a minimum clear height of 9.5 meters, along with ground and first-floor external offices, situated within a secure, self-contained site.

Terms

The property is let to Helapet Limited, with a parent company Guarantee to Clinimed Holdings Limited, both rated as “Very Low Risk” by Experian. Let on an FRI lease dated from 14 October 2011 to 13 October 2036, with no break clause. In 2020 the lease term was extended. The passing rent is £130,000 pa, there is a fixed rent increase to £218,900 on 14 October 2026 . The vendor will top up the rent from completion. The next open market rent review is dated 14 October 2031.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Investment Sale For Sale Freehold £3,438,000.00 NA

Email me updates about similar new properties


Show similar properties

Contact agents

James Huckerby

AMRO Commercial Real Estate Ltd

01923 375647

Thank you for your enquiry

The agent for this property will get back to you as soon as possible.

Would you like to view similar properties now?

Many thanks, your enquiry has been sent to the agent

In response to the boxes you ticked, we'd like to send you emails about new & updated properties based on the following (please amend as required):


Please note, NovaLoca will only contact you about commercial property & you can unsubscribe at any time. Your information will not be given to third parties without your permission. For more information please refer to our privacy policy.