A high quality detached distribution warehouse and offices on a site of 4.04 acres developed by Canmoor Developments in 2006. The property benefits from an eaves height of 12 metres (10 metres to haunch) and the space is serviced by 8 dock levellers and 4 level access doors via a yard area with a depth of 45.5 metres.
The offices are arranged over ground, first and second floors and are accessed by a feature staircase and lift (8 person). They are fitted to a high standard in a generally open plan environment with private offices, meeting and training rooms and a board room together with staff rest room/canteen and kitchens to each floor.
Location
Enfield is a suburb of North London and is 10 miles north of the City of London.
Crown Road is located on the north side of Southbury Road less than 0.25 miles east of its junction with Great Cambridge Road (A10) with the M25 motorway (Junction 25) just 3 miles to the north. The property is located on the west side of Crown Road approximately 100m north of its junction with Southbury Road.
There are two retail parks close by where occupiers including Currys/PC World, Argos, Halfords, M&S Food, Boots, Sports Direct and Toys ‘R‘ Us are represented. In addition there are Sainsbury’s, Morrisons and Tesco supermarkets nearby. Other occupiers within the area include ASDA.COM, B&Q, Selco and Renault.
Southbury Station provides regular services to London (Liverpool Street Station 35 mins) and to Stansted Airport (1 hour 11 mins) and is located on the south side of Southbury Road approximately 500m from the property. Enfield Town is approximately 1 mile to the west.
Accommodation
Ground Floor Warehouse, Officecs & Ancillary Accomodation 86,833 sq ft (8,066.78 sq m)
First Floor Offices & Plant Room 7,019 sq ft (652.06 sq m)
Second Floor Offices & Plant Room 6,981 sq ft (648.55 sq m)
Total Gross Internal Area 100,833 sq ft (9,367.39 sq m)
Terms
Terms
The property is held on a full repairing and insuring lease for a term of 15 years from 20 November 2006 expiring 19 November 2021 with one further rent review 20 November 2016.
The present rent is £800,000 pa exclusive (£7.93 per sq ft).
The lease is available for assignment with the benefit of our client’s improvements.
Business Rates
Rateable value £720,000.
Legal Costs
Each party to bear their own legal costs.
Specification
- Detached warehouse and offices
- Site area approx 4.04 acres
- Eaves height 12 metres (10m to haunch)
- 8 dock levellers
- 4 level access doors
- Yard depth approx 45.5 metres
- Floor loading 50 KN/m2 (1,044 lbs per sq ft)
- High quality offices including full VAV air conditioning and full access raised floors to first and second floors plus trunking to ground floor
- Feature reception
- Substation providing 3 phase power with capacity up to 1,000 KVA
- 114 car parking spaces
- Gatehouse and barriers
- BREEAM ‘GOOD’ environmental standard
- EPC rating C70