WD6 8 & 9 Penguin House, Elstree Road, Elstree, Herts

The site comprises two individual warehouses & offices, set over ground and two upper floors with car parking to the front, side and rear.

Ground Floor Front Rebourne Gym 5 years from 2023 £46,877pa,inc 5% annually

Ground Floor Side Firestar Toys 10 years from 2024 £65,000pa

Ground Floor RHS& Mezz Vacant 3,233 sqft £17psf

Warehouse Ground Vacant 12,591 sqft £17psf

Mezz level Vacant 3,983 sqft £17psf

First Floor Offices Front Vacant 3,394sqft £17psf

First Floor Offices Vacant 5,913 sqft £17psf

Second Floor Offices Vacant 3,340 sqft £17psf

The total site area for sale is 2.07 acres. The total built GIA is 4,216.24 sqm (45,384 sq ft) comprising a combination of offices and warehousing accommodation spread over the Ground, 1st, Mezzanine and 2nd floors. There are approximately 140 car parking spaces (including circa 40 spaces on the parcel of land to the rear included in the sale).

Office/Warehouse/StorageWarehouse eaves 7.7mRidge Height 9.1m45,384 sqft offices, warehouse & parking2 loading doors to rearDouble height atrium/receptionPart TenantedFloor Plans available upon request.

An early viewing is advised.

TERMS

Freehold: Offers in Excess of £6,500,000 sought, Subject to Contract

Rent: £17.00 psf

VAT: All quoted prices are subject to VAT. VAT is applicable.

Lease: New Lease Terms available, to be negotiated.

Service Charge: There is a contribution towards external and internal communal parts repair and maintenance.

Business Rates: Rateable Value for 2025/26 TBA.

All interested parties should make their own enquiries either Hertsmere Borough Council or via www.voa.gov.uk.

CEPC: D Rating (83) valid until 18/03/28

Legal Costs: Each party to be responsible for their own legal costs.

Anti-Money Laundering: In accordance with revised Anti Money Laundering Regulations two forms of ID and confirmation of funds will be required by the successful applicant. This will apply to landlords/vendor and tenant/purchaser and any other party with a relationship with the property.

Viewing: Strictly by appointment only through owners agents Grovelands 020 8731 9777 www.grovelands.net

he site is situated on Elstree Road, opposite Aldenham Reservoir and provides easy access to the M1, M25, A1 & A41. It is adjacent to a small number of industrial units and nearby modern office buildings. The property is located conveniently in between Bushey, Stanmore and Borehamwood, with Watford and St. Albans to the East and North respectively.