Unit 1 City Business Park Works Road, Letchworth, SG6 1FH
6,558 Sq Ft / Industrial / General Industrial
For Sale
- £1,250,000.00
Under Offer - Last updated: 20 June 2024
DESCRIPTION
Built in 2002 the property forms part of a small high quality modern development of four light industrial / warehouse units.
It is constructed of a steel portal frame providing clear space internally with an eaves height of approx. 5.9 m.
There is a full height loading door providing access to the principle area alongside which are fully fitted two storey offices.
The four units in City Business Park which share a large yard and car parking area with a perimeter security fence and gate.
LOCATION
Letchworth is located in north Hertfordshire adjoining junction 9 on the A1(M). The A505 provides an east west link between the M1 at Luton and the M11 at Cambridge.
Letchworth station provides a fast rail service to London Kings Cross.
There is a busy town centre and an extensive out of town retail area including a Sainsbury's superstore a short distance from the property.
Letchworth Business Park comprises over 50 acres of modern office and production accommodation and includes a major Sainsbury's superstore, a leisure centre and retail park.
The property is located at the north eastern end of Works Road within the principle commercial area.
The most convenient access is from Baldock Road turning into Jubilee Road close to where the road runs under the A1(M) at Baldock and then turning right at the T Junction into Works Road.
APPROX. (GROSS INTERNAL) FLOOR AREAS
Ground floor Warehouse/Production 4,714 Sq Ft
Offices 922 Sq Ft
First Floor Offices 922 Sq Ft
Total 6,558 Sq Ft
CAR PARKING
There are 10 allocated car spaces.
RATEABLE VALUE
Please see the Valuation Office Agency website. Indicated assessment £54,500.
Rates payable approx. 51.2% for the y/e 31/3/2025.
TERMS
Available for sale on the basis of a 150-year ground lease from March 2000 at a peppercorn rent.
Price £1,250,000 plus VAT.
The property is currently let to Citysprint (UK) Ltd on a lease expiring 9/01/2026 at a rent of £64,000 per annum.
AVAILABILITY
January 2026.
INSPECTION
For further information please contact Davies & Co.
NOTES:
Unless otherwise stated all prices, rents or other stated costs are subject to VAT.
The Code of Practice on Commercial Leases recommends that you seek professional guidance before agreeing or signing a business tenancy.
Energy Performance Certificate: Category D (84)
The particulars contained within this brochure are believed to be correct but their accuracy cannot be guaranteed and they are therefore expressly excluded from any contract.
Property Quote Price(s)
Description | Sale type | Guide price | Price type |
Unit 1 City Business Park, Works Road, Letchworth, SG6 1FH |
For Sale
|
£1,250,000.00
| NA |
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