caxton point
CAXTON POINT Caxton Way, Stevenage, Hertfordshire, SG1 2XT
BUSINESS CENTRE FOR SALE 40,000 sq ft (3,713.66 sq m)
FREEHOLD
Prime visible central location Within 1 mile of Junction 7 A1(M) 0.79 acre site area Potential for alternative use (subject to planning) Significant Asset Management potential Total income £253,000 plus vacant unit Low capital value of £25.00 per sq ft
T: 01438 316655 W: www.brownandlee.com
First Floor
Location Stevenage is the major industrial and commercial centre for North Hertfordshire, situated adjacent to the A1(M) between junction 7 and 8 and approximately 16 miles north of the M25. To the north the A14 at Huntingdon provides direct access to the M1/M6, north‐west and east coast ports. The town centre with mainline railway station is approximately 10 minutes walking distance and provides fast and frequent rail services to London King’s Cross (approximately 22 minutes). The property is located on the corner of Bessemer Drive and Caxton Way in the town’s principal commercial and industrial area and adjacent to the southern carriageway of the A1(M).
Divided into 46 individual areas (Ladies and gents WC)
Total gross internal floor area
Divided into 45 individual areas (Ladies and gents WC)
Total gross internal floor area
Description
Total
Outside there is a parking area at the front of the unit accessed off Caxton Way also leading to a yard at the side of the property. The side of the property immediately abuts Bessemer Drive from which there is access to a rear parking area also giving access to a further yard area at the side of the property. There are a total of 40 car parking spaces on site in two main areas and Units A and B have parking in exclusive service yards. A further 20 car parking spaces are available on a site in Potters Lane. These are some 5 minutes walk away.
Accommodation
Ground Floor Unit A With window frontage to Caxton Way, private yard with shutter door and toilet.
Unit B Accessed from Bessemer Drive, self‐contained with toilet.
Unit C Accessed from rear car park off Bessemer Drive, private enclosed yard, roller shutter door and toilet.
5,465 sq ft
507.90 sq m
5,180 sq ft
481.41 sq m
3,900 sq ft
362.45 sq m
1260.41 sq m
Second Floor
Caxton Point was the Kodak factory where the original brownie camera was made and was subject to a refurbishment scheme to provide the current business space arranged over three floors. The ground floor is divided into three areas, one of which is vacant and the other two let on leases. The units have good ceiling height of approximately 15’. The main entrance is at the front of the building with staircase to the upper floors and reception at ground floor. There is a goods lift at the rear and a further rear fire escape staircase. The first and second floors are divided into a number of smaller suites of varying sizes let on monthly licenses. There are 46 suites on the first floor and 45 on the second floor.
13,562 sq ft
11,852 sq ft
1101.48 sq m
39,959 sq ft
3713.66 sq m
Total gross internal floor area
Rates The ground floor units are individually assessed for rates. The first and second floors are assessed together and we understand from the Valuation Office Agency website (www.voa.gov.uk) that the rateable value is £76,700. Rates currently payable £67,859 per annum.
Energy Performance Certificate (EPC) The Energy Performance Asset Rating is G 274. A copy of the EPC is available on request.
Proposal The Business Centre has been run by the current owners for some 12 years. The take up of office space in Stevenage under permitted development regulations has meant that in addition to Caxton Point there is only one other business centre in the Stevenage area. In addition to the Unit A, which is vacant there are a number of empty office suites on the first and second floor, which if let would enhance the rental income. The Tenancy Schedule is available on request. The property can be sold as a Transfer of a Going Concern and copies of the accounts are available on request. Offers in excess of £1,000,000 are invited for the freehold interest, subject to the business tenants).
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: 10320 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
BUSINESS CENTRE FOR SALE 40,000 sq ft (3,713.66 sq m)
FREEHOLD
Prime visible central location Within 1 mile of Junction 7 A1(M) 0.79 acre site area Potential for alternative use (subject to planning) Significant Asset Management potential Total income £253,000 plus vacant unit Low capital value of £25.00 per sq ft
T: 01438 316655 W: www.brownandlee.com
First Floor
Location Stevenage is the major industrial and commercial centre for North Hertfordshire, situated adjacent to the A1(M) between junction 7 and 8 and approximately 16 miles north of the M25. To the north the A14 at Huntingdon provides direct access to the M1/M6, north‐west and east coast ports. The town centre with mainline railway station is approximately 10 minutes walking distance and provides fast and frequent rail services to London King’s Cross (approximately 22 minutes). The property is located on the corner of Bessemer Drive and Caxton Way in the town’s principal commercial and industrial area and adjacent to the southern carriageway of the A1(M).
Divided into 46 individual areas (Ladies and gents WC)
Total gross internal floor area
Divided into 45 individual areas (Ladies and gents WC)
Total gross internal floor area
Description
Total
Outside there is a parking area at the front of the unit accessed off Caxton Way also leading to a yard at the side of the property. The side of the property immediately abuts Bessemer Drive from which there is access to a rear parking area also giving access to a further yard area at the side of the property. There are a total of 40 car parking spaces on site in two main areas and Units A and B have parking in exclusive service yards. A further 20 car parking spaces are available on a site in Potters Lane. These are some 5 minutes walk away.
Accommodation
Ground Floor Unit A With window frontage to Caxton Way, private yard with shutter door and toilet.
Unit B Accessed from Bessemer Drive, self‐contained with toilet.
Unit C Accessed from rear car park off Bessemer Drive, private enclosed yard, roller shutter door and toilet.
5,465 sq ft
507.90 sq m
5,180 sq ft
481.41 sq m
3,900 sq ft
362.45 sq m
1260.41 sq m
Second Floor
Caxton Point was the Kodak factory where the original brownie camera was made and was subject to a refurbishment scheme to provide the current business space arranged over three floors. The ground floor is divided into three areas, one of which is vacant and the other two let on leases. The units have good ceiling height of approximately 15’. The main entrance is at the front of the building with staircase to the upper floors and reception at ground floor. There is a goods lift at the rear and a further rear fire escape staircase. The first and second floors are divided into a number of smaller suites of varying sizes let on monthly licenses. There are 46 suites on the first floor and 45 on the second floor.
13,562 sq ft
11,852 sq ft
1101.48 sq m
39,959 sq ft
3713.66 sq m
Total gross internal floor area
Rates The ground floor units are individually assessed for rates. The first and second floors are assessed together and we understand from the Valuation Office Agency website (www.voa.gov.uk) that the rateable value is £76,700. Rates currently payable £67,859 per annum.
Energy Performance Certificate (EPC) The Energy Performance Asset Rating is G 274. A copy of the EPC is available on request.
Proposal The Business Centre has been run by the current owners for some 12 years. The take up of office space in Stevenage under permitted development regulations has meant that in addition to Caxton Point there is only one other business centre in the Stevenage area. In addition to the Unit A, which is vacant there are a number of empty office suites on the first and second floor, which if let would enhance the rental income. The Tenancy Schedule is available on request. The property can be sold as a Transfer of a Going Concern and copies of the accounts are available on request. Offers in excess of £1,000,000 are invited for the freehold interest, subject to the business tenants).
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: 10320 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
