Attractive Flexible Office Building close to M1 and M25
Tenants include Netronix Integration Limited and Trinity Property Group Limited
Approximately 1,649.18 sqm (17,747 sq ft)
1 Mile from Junction 8 of M1
Approximate Site Area of 0.27 Hectares (0.67 acres) and a Site coverage of 51%
Situated in a Busy Business park
Car Parking for 72 Cars with a rate of 1:257
Nearby occupiers include Amazon, Royal Mail, Next Distribution , Robert Dyas, Halfords and Wolsley
Lot 14
Auction 16th February 2023
Rent £202,940 per Annum Exclusive
Status Sold Prior
Price
Sector Office
Auction Venue Live Streamed Auction
On behalf of a Major Fund
Property Information
Location
Miles
7 Miles North of Watford, 21 Miles North-West of Central London, 8 Miles South of Luton
Roads
M1, M25, A414
Rail
Hemel Hempstead Railway station
Air
London Luton Airport, London Heathrow Airport.
Situation
The Well established Maryland's Business Park is a very popular mixed use business estate situated approximately 1 mile east of Hemel Hempstead town centre and less than 1 mile West of junction 8 of the M1 with the M25 3 Miles to the South.
The property is situated on the west side of Mark road close to its junction with Cleveland road. Major occupiers at the Maryland Business Park include Amazon, Royal Mail, Next Distribution , Robert Dyas, Halfords and Wolsley
Tenure
Freehold.
Location
Miles
7 Miles North of Watford, 21 Miles North-West of Central London, 8 Miles South of Luton
Roads
M1, M25, A414
Rail
Hemel Hempstead Railway station
Air
London Luton Airport, London Heathrow Airport.
Situation
The Well established Maryland's Business Park is a very popular mixed use business estate situated approximately 1 mile east of Hemel Hempstead town centre and less than 1 mile West of junction 8 of the M1 with the M25 3 Miles to the South.
The property is situated on the west side of Mark road close to its junction with Cleveland road. Major occupiers at the Maryland Business Park include Amazon, Royal Mail, Next Distribution , Robert Dyas, Halfords and Wolsley
Tenure
Freehold.
Description
The property comprises an attractive two storey office building with open plan office accommodation specified with suspended ceilings with inset lighting, raised floors, double glazing, central heating and comfort cooling. The property benefits from a site area of 0.27 Hectares (0.67 Acres) and providing a site coverage of 51% and also benefits from 72 car parking spaces some of which are undercrofts with a ratio of 1:257.
VAT
VAT is applicable to this lot.
EPC
Ground Floor (Front) - C
Ground Floor (Rear) - C
First Floor - D
Description
The property comprises an attractive two storey office building with open plan office accommodation specified with suspended ceilings with inset lighting, raised floors, double glazing, central heating and comfort cooling. The property benefits from a site area of 0.27 Hectares (0.67 Acres) and providing a site coverage of 51% and also benefits from 72 car parking spaces some of which are undercrofts with a ratio of 1:257.
VAT
VAT is applicable to this lot.
EPC
Ground Floor (Front) - C
Ground Floor (Rear) - C
First Floor - D
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Reversions
Ground (Front) and 8 Car Parking Spaces
Office
216.45
(2,329)
NETRONIX INTERGRATION LIMITED (CRN 09417809) (1)
5 Years from 30/07/2021 (3)
£33,683
29/07/2026
Ground (Rear) and 12 Car Parking Spaces
Office
325.53
(3,503)
TRINITY PROPERTY GROUP LIMITED (CRN 05312168) (2)
10 Years from 03/06/2015
£38,544
02/06/2025
First and 50 Car Parking Spaces
Office
1,107.20
(11,915)
TRINITY PROPERTY GROUP LIMITED (CRN 05312168)
From and including 31/10/2018 to and including 02/06/2025
£130,713
02/06/2025
Total Approximate Floor Area
1,649.18
(17,747) (5)
£202,940
(1) Netronix Integration Limited (CRN 09417809) were incorporated in 2015 and for the Year ending 31/12/2021 Netronix Integration Limited reported Net assets of £3,435,473. (Unaudited Fianancial Statement as published at Companies House) (2) For the year ending 31/07/2021, Trinity Property Group Limited (CRN 05312168) reported a turnover of £16,029,451, a pre-tax profit of £3,106,219 and Net worth of £1,648,169. (Source: NorthRow Company Report 31/07/2021. (3) As to the Ground floor (front) offices, the lease provides a tenant option to determine the lease on 30/07/2024 subject to no less than 6 months notice. (4) As to the First floor offices, the lease provides a tenant option to determine the lease on 31/10/2023 subject to no less than 6 months notice. (5) The floor areas stated above are those published by the Valuation Office Agency (www.Tax.service.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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