LOCATION

The property is situated on an industrial estate, which is located approximately two miles to the north side of the City Centre, off the B651, St Albans Road. St Albans. St Albans is a prosperous and historic market town, strategically situated some twenty miles north west of central London. The City enjoys excellent road and rail communications with the M25 (J21A), M1 (J6) and A1(M)(J3) motorways all within approximately six miles distance. St Albans mainline railway station provides for rapid access to St Pancras International (approximate travelling time twenty minutes).

DESCRIPTION

The premises comprise a light industrial/warehouse unit, B2 town planning use, benefits from the following:

Benefits include:
• 12’ 5” eaves height
• Full height roller shutter door
• WC
• Office at first floor level
• 5 parking spaces

ACCOMMODATION

We calculate the approximate gross internal area to be 161.6 m2/1739.3 sq. ft. Floor areas are as follows:

• Ground floor – 131.1 m2 – 1,410.6 ft2
• First floor – 20.2m2 – 217.3 ft2

LEASE

The property is available by way of a new effective fully repairing and insuring Lease for a term to be agreed. The Landlord Company will require a break clause for development purposes as a condition of new lease term to be agreed.

RENT

£19,850 per annum exclusive of insurance and a contribution towards external repairs and decoration.

SERVICE CHARGES/INSURANCE

Service Charge / Building £883.96 + VAT
Service Charge / Estate £577.48 + VAT
Insurance for the period 30/04/19 to 29/04/20 £474.71 + VAT
BUSINESS RATES

We have checked the VOA website and the rateable value stated is as below:
Rateable Value £12,500
Rates Payable for 2019 - 2020 £ 6,137.50*
*Please note that Business Relief may be available to reduce the Business Rates Liability to nil subject to confirmation with the Business Rates Department at St Albans City and District Council.

LEGAL COSTS

Each party to be responsible for their own legal costs in connection with this matter.

NON DOMESTIC ENERGY PERFORMACE CERTIFICATE (NDEPC)

E118

VAT

The rent quoted is exclusive of VAT.