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

Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A

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: N/A • Distance to Station: N/A

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

Full Description: LocationWelwyn Garden City occupies a strategic location in the northern sector of the M25 corridor.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.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.DescriptionHighly Prominent Multi-let industrial / Trade Counter InvestmentService Charge InformationEach tenant is liable for a small service charge. There are no wider estate service charges. Accommodation TextThe Point - Modern Warehouse EstateCompleted 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.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.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.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. Key Details:* Leases are drafted on effectively full repairing and insuring terms.* A service charge is in operation, currently equivalent to approximately £500 per unit.* Each unit has its own dedicated power and fibre optic internet connection. * 23 dedicated parking spaces. Legal CostsEach party is responsible for their own legal costs.EPCEach unit has a seperate EPC. Details can be found in the data room. ViewingFor further information please contact Davies & Co on Daniel Hiller d. Clay Davies c.