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Cranborne Rd 2,758 SF Flex Condo Unit Offered at $911,202 in Potters Bar EN6 3JR
Investment Highlights
- Freehold investment with income of £47,000 per annum.
- Located on the established Cranborne Commercial Estate.
- Tenant in occupation with lease expiry in September 2029.
Executive Summary
Unit 3, Devonshire Business Centre is a freehold office, warehouse, and workshop unit located on Cranborne Road in Potters Bar. The property extends to approximately 2,758 square feet and includes a front-loading shutter, servicing area, first-floor air-conditioned offices, boardroom accommodation, and seven allocated parking spaces. The property is let to BTS Group Services Limited on a full repairing and insuring lease expiring 17 September 2029 at a rent of £47,000 per annum. The EPC rating is C (68), and the indicated rateable value assessment is £46,750.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 6.96% |
| Sale Type | Investment |
| Cap Rate | 6.96% |
| Tenure | Freehold |
Description
Unit 3, Devonshire Business Centre presents a freehold industrial investment opportunity within one of Hertfordshire's established commercial locations. Positioned on the Cranborne Commercial Estate in Potters Bar, the property benefits from direct access to Junctions 23 and 24 of the M25, convenient connections to the A1(M) and M1, and rail services linking Potters Bar with London King's Cross and St Pancras. The location supports a broad range of commercial occupiers seeking access to Greater London and the wider South East market.
The property forms part of a modern business development and comprises an end-of-terrace office, warehouse, and workshop unit. The accommodation has been substantially upgraded, with the first floor fitted as air-conditioned office space extending across the full width of the building. The ground floor warehouse area has also been configured for office use and includes a boardroom, while retaining a functional roller shutter door that allows future owners flexibility to reintroduce warehousing or storage accommodation if required.
The property forms part of a modern business development and comprises an end-of-terrace office, warehouse, and workshop unit. The accommodation has been substantially upgraded, with the first floor fitted as air-conditioned office space extending across the full width of the building. The ground floor warehouse area has also been configured for office use and includes a boardroom, while retaining a functional roller shutter door that allows future owners flexibility to reintroduce warehousing or storage accommodation if required.
Sale Notes
Additional features include a front loading and servicing area together with seven allocated parking spaces. The property is currently let to BTS Group Services Limited on a full repairing and insuring lease expiring on 17 September 2029, generating an annual rent of £47,000. The existing income stream, combined with future rental review and repositioning potential, provides investors with an opportunity to acquire a modern industrial asset in a well-connected South East business location.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 3 | 2,758 SF | Flex | $911,202 ($330.38/SF) | $63,446.64 |
Unit 3
| Unit Size |
| 2,758 SF |
| Condo Use |
| Flex |
| Price |
| $911,202 ($330.38/SF) |
| NOI |
| $63,446.64 |
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Unit 3
| Unit Size | 2,758 SF |
| Condo Use | Flex |
| Price | $911,202 ($330.38/SF) |
| NOI | $63,446.64 |
| Sale Type | Investment |
| Cap Rate | 6.96% |
| Tenure | Freehold |
| Description | |
| Unit 3, Devonshire Business Centre presents a freehold industrial investment opportunity within one of Hertfordshire's established commercial locations. Positioned on the Cranborne Commercial Estate in Potters Bar, the property benefits from direct access to Junctions 23 and 24 of the M25, convenient connections to the A1(M) and M1, and rail services linking Potters Bar with London King's Cross and St Pancras. The location supports a broad range of commercial occupiers seeking access to Greater London and the wider South East market.<br> The property forms part of a modern business development and comprises an end-of-terrace office, warehouse, and workshop unit. The accommodation has been substantially upgraded, with the first floor fitted as air-conditioned office space extending across the full width of the building. The ground floor warehouse area has also been configured for office use and includes a boardroom, while retaining a functional roller shutter door that allows future owners flexibility to reintroduce warehousing or storage accommodation if required.</li></ul> | |
| Sale Notes | |
| Additional features include a front loading and servicing area together with seven allocated parking spaces. The property is currently let to BTS Group Services Limited on a full repairing and insuring lease expiring on 17 September 2029, generating an annual rent of £47,000. The existing income stream, combined with future rental review and repositioning potential, provides investors with an opportunity to acquire a modern industrial asset in a well-connected South East business location.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 10,122 SF | Floors | 2 |
| Property Type | Industrial (Condo) | Typical Floor Size | 5,061 SF |
| Property Subtype | Warehouse | Year Built | 2009 |
| Building Class | B | Lot Size | 2.04 AC |
| Total Building Size | 10,122 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 5,061 SF |
| Year Built | 2009 |
| Lot Size | 2.04 AC |
Amenities
- Security System
- Recessed Lighting
- Air Conditioning
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