The Property This is a very modern, custom built distribution building in a great location, fronting one of the major roads on Welwyn’s industrial estate/business park. It was built by local developer Hammersmatch to the occupier’s specification and so has a prominent frontage and is fitted with air conditioning, heating and lighting. It totals 1,543sqm/16,610sqft and is high at 7.6m/25ft. It also has an exceptionally good car parking ratio and, a major factor, presents an imposing and important frontage to the road.
It is occupied by Nikko UK, the toy manufacturers well known for remote control motorcars and motorcycles and, less known, owners of the Meccano brand.
Why Buy? The Seller brought this investment to us offmarket with the price at which we could buy. We looked at the building and agreed terms the next day.
Although this is a dry investment, it is in an important location in a good town where rents are currently not very demanding. The building is surrounded by much larger headquarters buildings and, should it ever become vacant, will appeal to smaller companies wanting to present a bigger image. We anticipate growth in the rental values in the town.
Please click on the image below to enlarge.
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| Impressive for a small building |
Navigator Securities
15 Bruton Place
London W1J 6LU
Ivor A French FRICS
T 020 7529 5544
M 078 9999 1111
Email Ivor
David Coleman MRICS
T 020 7529 5540
M 07956 966 677
Email David