The Point, Swallowfields, Welwyn Garden City, Hertfordshire, AL7 1JD

Property Details: • Type: Light Industrial • Tenure: FREEHOLD • Floor Area: 8630 sqft

Key Features: • 10 Self-contained units on a 0.45 acre site • Prominent location in an established industrial area • Fully let producing a rent income of £167,000 per annum • Initial Net Yield of 6.3% • Capital Value of £290 psf. • All tenancies outside the 1954 Act

Location: • Nearest Station: Welwyn Garden City Station • Distance to Station: 0.6189904326678283 miles

Agent Information: • Address: 33 - 35 Wellfield Road, Hatfield, AL10 0BY

Full Description: <b>Location</b><br /><br />Welwyn Garden City occupies a strategic location in the northern sector of the M25 corridor.<br /><br />It is positioned between junctions 4 and 6 of the A1(M), approximately 7 miles north of the M25 at South Mimms (Junction 23). Additionally, the A414 dual carriageway provides a fast east-west link between the M1 at Hemel Hempstead and the M11 at Harlow.<br /><br />Access to Swallowfields is via Bridge Road East alongside B&Q or via Woodfield Road next to the Fire Station. The area is an established commercial district within convenient walking distance of the station and town centre.<br /><br /><b>Description</b><br /><br />Highly Prominent Multi-let industrial / Trade Counter Investment<br /><br /><b>Service Charge Information</b><br /><br />Each tenant is liable for a small service charge. There are no wider estate service charges. <br /><br /><b>Accommodation Text</b><br /><br />The Point - Modern Warehouse Estate<br /><br />Completed in 2020 and set on a 0.45-acre site, The Point comprises a terrace of 10 self-contained warehouse units, ranging from 810 sq ft to 1,105 sq ft, totalling 8,630 sq ft on a broadly rectangular site.<br /><br />The units are of steel frame construction with elevations of brick and profiled steel cladding. In addition, there is a small enclosed yard to the side of Unit 10, which is separately let.<br /><br />Each unit features a glazed front door with a security roller shutter door (except Unit 2) and is served with heating, lighting, kitchen, and WC facilities.<br /><br />The estate is currently let to 11 tenants, producing a current income of £167,000 per annum, with an ERV of £178,000. A tenancy schedule will be provided upon request. <br /><br />Key Details:<br /><br />* Leases are drafted on effectively full repairing and insuring terms.<br />* A service charge is in operation, currently equivalent to approximately £500 per unit.<br />* Each unit has its own dedicated power and fibre optic internet connection. <br />* 23 dedicated parking spaces. <br /><br /><b>Legal Costs</b><br /><br />Each party is responsible for their own legal costs.<br /><br /><b>EPC</b><br /><br />Each unit has a seperate EPC. Details can be found in the data room. <br /><br /><b>Viewing</b><br /><br />For further information please contact Davies & Co on <br /><br />Daniel Hiller d. <br />Clay Davies c.