PENGUIN HOUSE   LISMIRRAINE INDUSTRIAL PARK   ELSTREE ROAD   ELSTREE   HERTS   WD6 3EA

PENGUIN HOUSE   LISMIRRAINE INDUSTRIAL PARK   ELSTREE ROAD   ELSTREE   HERTS   WD6 3EA

Warehouse/Offices with Parking – TO Let / For Sale

LOCATION: The site is situated on Elstree Road, opposite Aldenham Reservoir and provides easy access to the M1, M25, A1 & A41. It is adjacent to a small number of industrial units and nearby modern office buildings. The property is located conveniently in between Bushey, Stanmore and Borehamwood, with Watford and St. Albans to the East and North respectively.

DESCRIPTION: The site comprises two individual warehouses & offices, set over ground and two upper floors with car parking to the front, side and rear.

Ground Floor Front              Rebourne Gym            5 years from 2023                                                               £46,877pa,inc 5% annually

Ground Floor Side                 Firestar Toys               10 years from 2024     £65,000pa

Ground Floor RHS& Mezz Vacant                           3,233 sqft                     £17psf

Warehouse Ground              Vacant                         12,591 sqft                      £17psf

Mezz level                                  Vacant                         3,983 sqft                      £17psf

First Floor Offices Front    Vacant                         3,394sqft                       £17psf

First Floor Offices                 Vacant                         5,913 sqft                       £17psf

Second Floor Offices             Vacant                         3,340 sqft                     £17psf

The total site area for sale is 2.07 acres. The total built GIA is 4,216.24 sqm (45,384 sq ft) comprising a combination of offices and warehousing accommodation spread over the Ground, 1st, Mezzanine and 2nd floors. There are approximately 140 car parking spaces (including circa 40 spaces on the parcel of land to the rear included in the sale).

• Office/Warehouse/Storage
• Warehouse eaves 7.7m
• Ridge Height 9.1m
• 45,384 sqft offices, warehouse & parking
• 2 loading doors to rear
• Double height atrium/reception
• Part Tenanted

Floor Plans  available upon request.

An early viewing is advised.

TERMS

 Freehold:                   Offers in Excess of £10,000,000 sought,  Subject to Contract

 Rent:                           £17.00 psf  

 VAT:                            All quoted prices are subject to VAT. VAT is applicable.

 Lease:                         New Lease Terms available, to be negotiated.

Service Charge:       There is a contribution towards external and internal communal parts repair and maintenance.

Business Rates:        Rateable Value for 2025/26  TBA.

All interested parties should make their own enquiries either Hertsmere Borough Council or via www.voa.gov.uk.

CEPC:                       D  Rating (83) valid until 18/03/28

Legal Costs:               Each party to be responsible for their own legal costs.

Anti-Money Laundering: In accordance with revised Anti Money Laundering Regulations two forms of ID and confirmation of funds will be required by the successful applicant. This will apply to landlords/vendor and tenant/purchaser and any other party with a relationship with the property.

Viewing:                     Strictly by appointment only through owners agents Grovelands  020 8731 9777 www.grovelands.net