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Middlesex House Rutherford Clos 11,748 SF 100% Leased Office Building Stevenage SG1 2EF $2,938,741 ($250.15/SF)
Investment Highlights
- Modern office block arranged over ground and first floor.
- Let to four separate tenants benefiting from a WAULT of Circa 4 years to expiry.
- Completion available in 6 weeks.
- Total space 11,748 sq ft (1,091.4 sq m).
- Strong access to transport A1(M).
- VAT applicable.
Executive Summary
Stevenage is a town situated in Hertfordshire, approximately 30 miles north of central London. It serves as a key hub in the region, well\-connected by road and rail, making it easily accessible for commuters and visitors alike Easy access to junctions 7 and 8 of the A1\(M\). The A1\(M\) provides access to junction 23 of the M25, 16 miles to the south Stevenage railway station benefits from intercity rail services via the East Coast mainline providing access to London \(19 minutes\) and the north of England and Scotland Middlesex House is situated on the west side of Gunnels Wood Road, the main commercial area in Stevenage. The new GSK £400m life science campus is close by, which is due to create 5,000 new jobs in the next 10 years. Occupiers close by include: Huws Gray, Costco and Europcar. Tenants within the estate include A2 Global Electronics \+ Solutions, Eurochange LTD, ARJ Construction Ltd amongst others.
Modern 11,748 sq ft freehold office building in Stevenage, multi-let to four tenants with income and parking, available for £2,200,000! Middlesex House is a modern detached office building prominently positioned on Rutherford Close within the established commercial area of Stevenage. The property provides well-configured office accommodation arranged over ground and first floors, extending to approximately 11,748 sq ft (1,091.4 sq m), and is currently divided into four self-contained office suites. The building is multi-let to four separate occupiers, offering a diversified and sustainable income stream with a weighted average unexpired lease term of circa 4.5 years to expiry. The configuration of the accommodation provides flexibility for continued multi-let investment use, with potential future asset management opportunities. The property further benefits from on-site parking and represents an attractive freehold office investment in a well-established and strategically connected commercial location. Current tenants: Pearson Test Centre POhWER Baker Watkin Accounting Ltd Freeform Fabrication Ltd Modern office block arranged over ground and first floor Total space 11,748 sq ft (1,091.4 sq m) Let to four separate tenants benefiting from a WAULT of Circa 4 years to expiry Strong access to transport A1(M) Completion available in 6 weeks VAT applicable The building is multi-let to four separate occupiers, with a weighted average unexpired lease term of circa 4.5 years to expiry, and generates £183,523 pa.
Modern 11,748 sq ft freehold office building in Stevenage, multi-let to four tenants with income and parking, available for £2,200,000! Middlesex House is a modern detached office building prominently positioned on Rutherford Close within the established commercial area of Stevenage. The property provides well-configured office accommodation arranged over ground and first floors, extending to approximately 11,748 sq ft (1,091.4 sq m), and is currently divided into four self-contained office suites. The building is multi-let to four separate occupiers, offering a diversified and sustainable income stream with a weighted average unexpired lease term of circa 4.5 years to expiry. The configuration of the accommodation provides flexibility for continued multi-let investment use, with potential future asset management opportunities. The property further benefits from on-site parking and represents an attractive freehold office investment in a well-established and strategically connected commercial location. Current tenants: Pearson Test Centre POhWER Baker Watkin Accounting Ltd Freeform Fabrication Ltd Modern office block arranged over ground and first floor Total space 11,748 sq ft (1,091.4 sq m) Let to four separate tenants benefiting from a WAULT of Circa 4 years to expiry Strong access to transport A1(M) Completion available in 6 weeks VAT applicable The building is multi-let to four separate occupiers, with a weighted average unexpired lease term of circa 4.5 years to expiry, and generates £183,523 pa.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
11,748 SF
Building Class
B
Year Built
1990
Price
$2,938,741
Price Per SF
$250.15
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,874 SF
Building FAR
0.13
Lot Size
2.02 AC
Parking
14 Spaces (1.19 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Reception
- Wi-Fi
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Expert Access Solutions
- -
- 2,943 SF
- -
- Nov 2029
- Pearson Professional Assessments
- -
- 2,949 SF
- -
- Mar 2030
- POhWER
- -
- 2,955 SF
- -
- Feb 2033
- SKS Baker Watkin
- -
- 2,901 SF
- -
- Mar 2029
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Expert Access Solutions | - | 2,943 SF | - | Nov 2029 | ||
| Pearson Professional Assessments | - | 2,949 SF | - | Mar 2030 | ||
| POhWER | - | 2,955 SF | - | Feb 2033 | ||
| SKS Baker Watkin | - | 2,901 SF | - | Mar 2029 |
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