Cranborne Rd - Knuway House Unité de condo • Commerce de détail • 1 171 pi² • À vendre 606 287 $ CAD • Potters Bar EN6 3JN

Property Type: Business Unit / Industrial Investment
Address: Unit 4 Knuway House, Cranborne Road, Potters Bar, Hertfordshire EN6 3JN
Gross Internal Area (GIA): 1,171 sq ft
Ground Floor: 618 sq ft
First Floor: 553 sq ft
Tenure: Long Leasehold (999-year lease from April 2007)
Asking Price: £325,000 + VAT
Passing Rent: £20,000 per annum exclusive
Initial Yield: Approximately 5.9% (assuming purchaser costs of 6%)
Rent per Sq Ft: £17.08 per sq ft per annum
Tenant: Alchemy Parts Ltd
Lease Term: New 10-year lease
Break Option: Tenant-only break at Year 5
Rent Review: Year 5
Repairing Basis: Full Repairing and Insuring (subject to schedule of condition)
Use Class: E(g)(iii) and B8
Parking: 4 allocated spaces
EPC: D (85)
Business Rates: Payable by the tenant

Unit 4 Knuway House presents an opportunity to acquire a refurbished business unit investment within the established Cranborne Industrial Estate in Potters Bar. The property is offered for sale at £325,000 plus VAT by way of a 999-year leasehold interest from April 2007 at a fixed peppercorn rent.
The investment benefits from a new 10-year lease to Alchemy Parts Ltd, a long-established motorcycle accessories specialist with a proven occupational history at the property dating back to 2007. The lease incorporates a tenant-only break option and rent review at the fifth year and produces an initial rent of £20,000 per annum exclusive. The transaction reflects an approximate initial yield of 5.9%, assuming purchaser acquisition costs of 6%.
The property comprises a refurbished two-storey business unit providing showroom, storage and office accommodation. Located on the Cranborne Industrial Estate, the asset benefits from excellent access to Junction 24 of the M25, the A1(M), A1000 and Potters Bar railway station, providing strong regional and London connectivity.
The combination of an established tenant, long lease term, refurbishment works and strategic South East location provides an attractive investment opportunity for private investors, property companies and income-focused buyers.