A Substantial Site Arranged to Provide a Large Warehouse, Ground and First Floor Offices and Additional Storage Space Part Let Producing £37,566 Per Annum. Offered with Planning Permission for the Construction of Twelve New Commercial Units (Four Already Built).

The property comprises a substantial site arranged to provide a warehouse, ground and first floor offices and additional storage space.

Tenure

Freehold

Location

The property is situated in an industrial site close to local shops and amenities. The open spaces of The Woollam Playing Fields are within easy reach. Transport links are provided by St Albans City rail station.

Accommodation

Warehouse G.I.A. Approximately 496 sq m Office Ground Floor G.I.A. Approximately 108 sq m First Floor G.I.A. Approximately 108 sq m Mezzanine Storage G.I.A. Approximately 496 sq m Basement Space G.I.A. Approximately 32 sq m

Planning

St Albans City & District Council granted the following planning permission (ref: 5/2005/2228) on 30th January 2006: 'Twelve (Class B1 units)'. Four of the twelve have already been built.

Tenancy

The property is subject to a number of periodic licenses at a combined rent of £37,566 per annum. The vendor has advised that the property can be sold with the existing tenancies or with full vacant possession.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.