Cranborne House & Summit House, Cranborne Rd, Potters Bar, EN6

Description

• Cranborne House is a mid-1980 four-storey, concrete frame building providing a total of 149,690 sq ft (13,906 sq m) of accommodation. The property was formerly a toy factory for Mattel but now serves as multi let industrial property.
• Levels 1 and 2 have been subdivided to provide two demises each, level 3 and 4 comprise the whole floor each, save for the common stairwell. The property has an eves height of 5.5m.
• Summit House was built in the late 1950s and comprises 53,053 sq ft (4,928 sq m) of industrial warehouse space arranged over two levels, both with goods/vehicle access.
• The Property is multi let to 1 tenant with a passing rent of £196,600 per annum with an average rent of £5.53psf.
• The site area is 1.37 acres (0.55 hectares).

Location

• The subject property is situated approximately 1.2 miles (1.9km) north of Potters Bar town centre, along Cranborne Road. The surrounding area is made up of light industrial units of varying sizes with limited space for expansion.
• The Cranborne Industrial Estate is bounded to the east by the railway line serving the town. The estate is the largest industrial concentration within the town
  and is home to all the main occupiers being QED Productions, Wolseley, Rolls Royce, TSG and Howdens.
• Potters Bar is a well-connected town in Hertfordshire, strategically positioned just north of Greater London and forming part of the commuter belt. It benefits from excellent transport links, making it a highly accessible location for both businesses and residents.
• Potters Bar offers an attractive location for businesses due to its strong road and rail connectivity, proximity to London and accessibility to major economic hubs across Hertfordshire and the South East. Its position near key motorways and within easy reach of multiple regional centres makes it a prime location for industrial, logistics,storage and commercial operations.