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Highly Reversionary Office Investment For Sale
The property comprises a self contained, modern two storey office building let to a single tenant by way of a full repairing and insuring lease with a residue of 7 years. There is a rent review due in two years and this area of St Albans has enjoyed strong rental growth in recent years.
The current passing rent is £25,000 per annum exclusive (£16.55 per sq ft).
CMYK are an established architectural practice formed in 2003. Turnover in 2021 was £1,248,000 and the company returned a profit of £592,000 before tax.
Strictly by appointment via the Sole Selling Agents
The Gavel Centre is situated to the south side of Porters Wood and forms part of the established Valley Road business area, which is situated within close proximity to the unofficial ring road to the north of the city, approximately one mile from the city centre.
St Albans enjoys excellent road and rail communications, with the Thameslink railway line providing a fast and frequent service into London’s St Pancras and beyond to Brighton via Gatwick Airport. The M25, M1 and A1 (M) are all within approximately 6 miles distance.
Excellent natural light
Fully carpeted throughout
7 on site parking spaces
Unrestricted on street parking within 200m
Watford (8.8 miles)
Croxley (9.9 miles)
St Albans (1.4 miles)
St Albans Abbey (2.0 miles)
Park Street (3.2 miles)