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Investment Highlights

  • Fully fitted mid-terrace warehouse with ground floor workshop and first-floor offices.
  • Attractive net initial yield of 7.82% before purchaser costs.
  • Current rent £21,495 per annum with lease expiring in 2030 (tenant break in 2028)

Executive Summary

The subject property is located within Woodside Industrial Estate off Works Road in Letchworth, Hertfordshire. This established business location lies approximately 1.5 miles from Junction 9 of the A1(M), offering efficient routes to the M1 and Cambridge via the A505. The unit is part of a modern estate development comprising 26 similar properties and features a combination of production space and fitted office accommodation. There is on-site parking and the estate is positioned within easy access to Letchworth Garden City town center and its rail services to London Kings Cross.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 11
  • 1,611 SF
  • Industrial
  • $512,957 CAD ($318.41 CAD/SF)
  • $40,094.60 CAD
Sale Type Investment
Cap Rate 7.82%
Tenure Freehold/Long Leasehold
Description
Unit 11 is a full height end of mid-terrace warehouse / production unit which has been substantially fitted out with a mezzanine storage floor (removable if not required) and fully fitted well specified first floor offices and ground floor
workshop space.
Sale Notes
This investment opportunity comprises Unit 11 within Woodside Industrial Estate, a modern development of 26 units in Letchworth, a well-established commercial hub in North Hertfordshire. The property is a mid-terrace, full-height warehouse/production unit, fully fitted with ground floor workshop and first-floor office accommodations. It has also been enhanced with a mezzanine storage floor, which is removable if not required.
Unit 11 is currently let to PW Resistance Welding Products Limited on a five-year lease commencing December 19, 2025, generating a passing rent of £21,495 per annum exclusive. The lease includes a tenant break option on December 19, 2028, and is supported by a security deposit. The asset offers a 7.82% yield before purchaser costs, making it an attractive proposition for investors seeking a stable income stream in a sought-after industrial location.
Woodside Industrial Estate provides excellent connectivity via Junction 9 of the A1(M) and the A505 trunk road, allowing efficient access to the M1, Cambridge, and East Anglia. Letchworth also benefits from direct rail services to London Kings Cross. Secure this property as a long-term income-producing investment in a region with strong occupational demand.
Unit Unit Size Condo Use Price NOI
Unit 11 1,611 SF Industrial $512,957 CAD ($318.41 CAD/SF) $40,094.60 CAD

Unit 11

Unit Size
1,611 SF
Condo Use
Industrial
Price
$512,957 CAD ($318.41 CAD/SF)
NOI
$40,094.60 CAD

Unit 11

Unit Size 1,611 SF
Condo Use Industrial
Price $512,957 CAD ($318.41 CAD/SF)
NOI $40,094.60 CAD
Sale Type Investment
Cap Rate 7.82%
Tenure Freehold/Long Leasehold
Description
Unit 11 is a full height end of mid-terrace warehouse / production unit which has been substantially fitted out with a mezzanine storage floor (removable if not required) and fully fitted well specified first floor offices and ground floor<br> workshop space.</li></ul>
Sale Notes
This investment opportunity comprises Unit 11 within Woodside Industrial Estate, a modern development of 26 units in Letchworth, a well-established commercial hub in North Hertfordshire. The property is a mid-terrace, full-height warehouse/production unit, fully fitted with ground floor workshop and first-floor office accommodations. It has also been enhanced with a mezzanine storage floor, which is removable if not required.<br> Unit 11 is currently let to PW Resistance Welding Products Limited on a five-year lease commencing December 19, 2025, generating a passing rent of &#163;21,495 per annum exclusive. The lease includes a tenant break option on December 19, 2028, and is supported by a security deposit. The asset offers a 7.82% yield before purchaser costs, making it an attractive proposition for investors seeking a stable income stream in a sought-after industrial location.<br> Woodside Industrial Estate provides excellent connectivity via Junction 9 of the A1(M) and the A505 trunk road, allowing efficient access to the M1, Cambridge, and East Anglia. Letchworth also benefits from direct rail services to London Kings Cross. Secure this property as a long-term income-producing investment in a region with strong occupational demand.</li></ul>

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 9,126 SF
Property Type Industrial (Condo)
Property Subtype Warehouse
Building Class C
Floors 3
Typical Floor Size 3,042 SF
Year Built 1960
Lot Size 3.74 AC
Parking Ratio 1.42/1,000 SF

Amenities

  • Storage Space
  • Smoke Detector
  • Listing ID: 40782956

  • Date on Market: 2026-06-04

  • Last Updated:

  • Address: Unit 9-12 Works Rd, Letchworth Garden City SG6 1JT

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