WELLINGTON ROAD • LONDON • • AL2 1EY

INDUSTRIAL PREMISES AND LAND POTENTIAL INVESTMENT AND REDEVELOPMENT OPPORTUNITY FOR SALE

Luton Dunstable Airport Bishop’s Stortford LOCATION A1(M) London Colney has the benefit of The Property is situated in London Aylesbury M1 M11 Colney, which is located approximately being situated close to a number of Garden City LONDON Harlow 20 miles north of central London. main arterial routes including the M1, COLNEY London Colney forms part of the St A1(M) and M25. Albans District and the premises/site These connections provide routes Amersham is situated approximately one and to nearby centres, central London M40 High Enfield M25 a half miles to the southeast of the together with Stansted and Heathrow M25 Wycombe Brentwood City which provides direct rail links to Airports. London. The subject accommodation is situated Wembley Other nearby towns include Hemel in Wellington Road which is a private Maidenhead Hempstead, Hatfield, Luton, cul de sac, connecting with the High LONDON Grays and . Street. Reading M4 Heathrow Airport Gravesend Bracknell Bromley

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WELLINGTON ROAD • LONDON COLNEY • HERTFORDSHIRE • AL2 1EY DESCRIPTION

Main Building Comprises a light industrial unit with offices located on the first floor to the front MAIN BUILDING UNITS 2, 3 & 4 of the building. The building is served by a frontage forecourt which provides off street parking and loading access into an enclosed loading bay. HIGH STREET The main production area is predominantly open plan and has an eaves height of 3.6 WELLINGTON metres. There is roller shutter access to the ROAD front of the building and additionally to the west elevation. The first floor offices benefit from gas central heating, suspended ceilings with inset fluorescent lighting and surface mounted electric sockets.

Units 2, 3, and 4 Wellington Road Comprises a rectangular light industrial unit separated into two self-contained parts. Unit 2 is self-contained comprising an open plan light industrial\warehouse space with a roller shutter door to the front of the unit. Units 3 and 4 Wellington Road comprise a rectangular light industrial unit with an eaves height of 3.2 metres with a roller shutter door to the front of the unit. To the front of Units 3&4, there are ancillary offices which have a self-contained access onto the forecourt. The units are serviced by a shared frontage forecourt which provides off street parking and loading access.

COMPOUND Compound The compound comprises a broadly rectangular site, part gravel/part concreted and has a security fence. It is currently being utilised for car parking and can Boundaries are for illustrative purposes only accommodate up to 26 cars.

WELLINGTON ROAD • LONDON COLNEY • HERTFORDSHIRE • AL2 1EY The premises provide the following Unit Floor Description Sq. Feet Sq. Metres accommodation and floor areas measured on a Gross Internal Area (GIA) basis in accordance with Unit 2 Ground Light industrial/warehouse 2,858 265.50 RICS Property Measurement 2nd edition (May 2018) which incorporates the RICS Code of Measuring Unit 3 & 4 Ground Light industrial/warehouse 6,727 625.00 Practice, 6th edition and International Property Measurement Standards (IPMS): Ground Workshop & ancillary 17,706 1,645.00 Main First Offices 2,793 259.50

TOTAL 30,084 2,794.50

OPPORTUNITY A great opportunity for an owner occupier, or investor/ developer to purchase an industrial site with a combination of buildings/land, in a great location at the centre of a well located Hertfordshire town.

This opportunity offers up; • Chance to secure a freehold industrial site/buildings • Potential investment and income generating opportunity • Asset management and value enhancement • Future redevelopment potential • Possible alternative uses, subject to planning

London Colney is a high value location located on the edge of St Albans with excellent access to the M25, wider Hertfordshire and Greater London markets.

WELLINGTON ROAD • LONDON COLNEY • HERTFORDSHIRE • AL2 1EY TENANCY DETAILS LAND OWNERSHIP The properties can be sold with a part income stream, or with vacant We understand that possession. The details of the existing short term income is as follows; Wellington Road is a Unit 2 is occupied by Impex Russell Limited under a lease which expired private road and forms in November 2017 although continues to run at a rent of £4,800 per part of the freehold which annum with a rolling one month notice period to terminate the tenancy also provides access to by either the landlord or tenant. two other units. Part of Unit 3/4 Wellington Road is occupied by Selclene (St Albans) The site plan (left) Limited under a lease which expired in 2015 which contains a rolling six indicates our WELLINGTON RD months’ landlord or tenant notice period at a passing rent of £12,338.76 understanding of the per annum. demise of the property, the various Titles are Both the leases are effectively Tenancies at Will and can be terminated outlined in red. This is for by the freeholders prior to sale. indicative purposes only it shows the building in relation to the site and its BUSINESS RATES boundaries. Inspection of the Valuation Office Agency website indicates that the property is assessed as follows: TENURE The premises /land are offered on a freehold basis with vacant possession. Address Description Rateable Value

Premier Drilling Unit, Wellington Workshop and £76,500 Road, London Colney AL2 1EY premises TERMS Units 3 & 4, Wellington Road, Workshop and £26,250 Offers are invited for the unencumbered freehold interest. London Colney AL2 1EY premises EPC EPC available on request.

WELLINGTON ROAD • LONDON COLNEY • HERTFORDSHIRE • AL2 1EY VIEWING Strictly by appointment via the joint agents:

ANDREW CRABTREE IAN LEATHER D: 0161 237 1717 D: 0207 629 5456 M: 07436 145983 M: 07860 612 242 E: [email protected] E: [email protected]

SCOTT GEMMELL CLAUDIO PALMIERO D: 0161 237 1717 D: 01908 061 262 M: 07834 199 288 M: 07896 205 786 E: [email protected] E: [email protected]

Misrepresentation: These particulars do not form part of any offer or contract and should not be relied upon as statements or representatives of fact. Bray Fox Smith has no authority to make or give in writing or verbally any representation or warranties in relation to the property. Any areas of measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. No assumptions should be made that the property has all necessary planning, building regulation or other consents. Bray Fox Smith have not carried out a survey, nor tested the services, appliances or facilities. Purchasers must satisfy themselves by inspection or otherwise. In the interest of Health & Safety, please ensure that you take due care when inspecting the property. 10/20