5 gateway 1000 AWS
5 GATEWAY 1000 Whittle Way, Arlington Business Park, Stevenage, Herts, SG1 2FP
OFFICE INVESTMENT OPPORTUNITY FREEHOLD
▪ ▪ ▪ ▪
Prime location adjoining J 7 of the A1 (M) Modern Office Building on 2 floors Passing rent of £36,810 per annum Let to NSK (UK) Ltd (guaranteed by NSK Euro Holdings SA) which represents a good covenent and have been in occupation for in excess of 10 years. ▪ Would suit SIPP/SSAS or private investor
W: PARK www.brownandlee.com LOCATED IN PRESTIGIOUS BUSINESS ADJACENT TO JUNCTION 7 OF A1(M) T: 01438 316655
Location
Tenure
Stevenage is the major commercial centre in North Hertfordshire accessed by junction 7 and 8 of the A1(M), approximately 35 miles north of Central London.
The property has been let on a renewal lease from 2 August 2017 until 31 May 2025 (circa 7.75 years remaining) – this lease is co-terminus with the lease on the adjoining building.
Gateway 1000 is part of the Arlington Business Park and is located immediately adjacent to junction 7 of the A1(M). Stevenage station provides a fast and frequent service to London King’s Cross (minimum travel time 19 minutes). Luton and Stansted airports are approximately 10 and 25 miles away respectively.
Description Building 5 is a self-contained two storey office building which provides open plan office accommodation at ground and first floor level.
The lease is on full repairing and insuring terms. The rent is £36,810 per annum. There is a rent review on 31.05.2020.
Covenant The tenant NSK United Kingdom Ltd sells and repairs precision dental instruments, and is part of the worldwide NSK engineering group. The last published accounts (y/e 31.12.15) shows turnover of £5.86M and net assets of £829,000. We are informed this year has shown considerable improvement on this, hence the need to extend the lease
Accommodation Energy Performance Certificate (EPC) The accommodation provides the following approximate net useable areas:-
The Energy Performance Asset Rating is D-98. A copy of the EPC is available on request.
Ground Floor
Rates Offices
996 sq ft
92.5 sq m
First Floor Offices
1,073 sq ft
99.7 sq m
Proposal
Total Total net internal area
2,069 sq ft
192.2 sq m
Features ▪ ▪ ▪ ▪ ▪
The property is assessed for rates in conjuction with the ground floor of the adjoining unit which the tenant also occupies.
Full accessed raised floors Energy efficient comfort cooling system 7 car parking spaces Suspended ceilings with Category II lighting Platform lift between ground and first floor
The property is offered for sale at £495,000 (FOUR HUNDRED AND NINETY FIVE THOUSAND POUNDS ONLY) which shows an initial yield of 7.00% After allowing for 5.85% costs.
VAT Unless otherwise stated all prices and rents quoted are exclusive of Value Added Tax. Any intending lessees or purchasers must satisfy themselves as to the incidence of VAT in respect of any transaction.
For further information, please contact: Colin Mitchell T: 01438 794592 M: 07966 245267
E: [email protected] W: www.brownandlee.com
Brown & Lee Commercial Surveyors LLP 15 Meadway Court, Rutherford Close, Stevenage, Hertfordshire, SG1 2EF |Ref: 10058 In association with: Brown & Lee Aylesbury, Milton Keynes & Bedford Every effort has been made to ensure that these particulars are correct but their accuracy is not guaranteed and they do not form part of any contract. All prices and rentals are quoted exclusive of VAT | Regulated by RICS
OFFICE INVESTMENT OPPORTUNITY FREEHOLD
▪ ▪ ▪ ▪
Prime location adjoining J 7 of the A1 (M) Modern Office Building on 2 floors Passing rent of £36,810 per annum Let to NSK (UK) Ltd (guaranteed by NSK Euro Holdings SA) which represents a good covenent and have been in occupation for in excess of 10 years. ▪ Would suit SIPP/SSAS or private investor
W: PARK www.brownandlee.com LOCATED IN PRESTIGIOUS BUSINESS ADJACENT TO JUNCTION 7 OF A1(M) T: 01438 316655
Location
Tenure
Stevenage is the major commercial centre in North Hertfordshire accessed by junction 7 and 8 of the A1(M), approximately 35 miles north of Central London.
The property has been let on a renewal lease from 2 August 2017 until 31 May 2025 (circa 7.75 years remaining) – this lease is co-terminus with the lease on the adjoining building.
Gateway 1000 is part of the Arlington Business Park and is located immediately adjacent to junction 7 of the A1(M). Stevenage station provides a fast and frequent service to London King’s Cross (minimum travel time 19 minutes). Luton and Stansted airports are approximately 10 and 25 miles away respectively.
Description Building 5 is a self-contained two storey office building which provides open plan office accommodation at ground and first floor level.
The lease is on full repairing and insuring terms. The rent is £36,810 per annum. There is a rent review on 31.05.2020.
Covenant The tenant NSK United Kingdom Ltd sells and repairs precision dental instruments, and is part of the worldwide NSK engineering group. The last published accounts (y/e 31.12.15) shows turnover of £5.86M and net assets of £829,000. We are informed this year has shown considerable improvement on this, hence the need to extend the lease
Accommodation Energy Performance Certificate (EPC) The accommodation provides the following approximate net useable areas:-
The Energy Performance Asset Rating is D-98. A copy of the EPC is available on request.
Ground Floor
Rates Offices
996 sq ft
92.5 sq m
First Floor Offices
1,073 sq ft
99.7 sq m
Proposal
Total Total net internal area
2,069 sq ft
192.2 sq m
Features ▪ ▪ ▪ ▪ ▪
The property is assessed for rates in conjuction with the ground floor of the adjoining unit which the tenant also occupies.
Full accessed raised floors Energy efficient comfort cooling system 7 car parking spaces Suspended ceilings with Category II lighting Platform lift between ground and first floor
The property is offered for sale at £495,000 (FOUR HUNDRED AND NINETY FIVE THOUSAND POUNDS ONLY) which shows an initial yield of 7.00% After allowing for 5.85% costs.
VAT Unless otherwise stated all prices and rents quoted are exclusive of Value Added Tax. Any intending lessees or purchasers must satisfy themselves as to the incidence of VAT in respect of any transaction.
For further information, please contact: Colin Mitchell T: 01438 794592 M: 07966 245267
E: [email protected] W: www.brownandlee.com
Brown & Lee Commercial Surveyors LLP 15 Meadway Court, Rutherford Close, Stevenage, Hertfordshire, SG1 2EF |Ref: 10058 In association with: Brown & Lee Aylesbury, Milton Keynes & Bedford Every effort has been made to ensure that these particulars are correct but their accuracy is not guaranteed and they do not form part of any contract. All prices and rentals are quoted exclusive of VAT | Regulated by RICS
