Commercial FOR SALE in Lismirraine Industrial Park, Elstree Road, Watford, Hertfordshire

Property Description

Penguin House, Lismirraine Industrial Park, Elstree Road, Elstree, Herts, WD6 3EA
For Sale / To Let – OIEO £6,500,000 STC
Penguin House offers a prime commercial property located in Lismirraine Industrial Park, Elstree, within close proximity to major transport routes including the M1, M25, A1, and A41. The property comprises two individual warehouses and office spaces set over three floors, with ample car parking and excellent potential for both sale and lease. This opportunity is ideal for businesses looking for a well-located site with a combination of office, warehouse, and parking facilities.
Property Details:
Total Site Area: 2.07 acres
Total Built GIA: 4,216.24 sqm (45,384 sq ft)
Floor Levels: Ground, Mezzanine, First, and Second Floors
Warehouse Eaves Height: 7.7m
Ridge Height: 9.1m
Parking: Approximately 140 spaces, including 40 spaces on the parcel of land to the rear
Accommodation Breakdown:
Ground Floor Front (Rebourne Gym): 5 years from 2023, £46,877pa, 5% annual increase
Ground Floor Side (Firestar Toys): 10 years from 2024, £65,000pa
Ground Floor RHS & Mezzanine (Vacant): 3,233 sqft, £17psf
Warehouse Ground (Vacant): 12,591 sqft, £17psf
Mezzanine (Vacant): 3,983 sqft, £17psf
First Floor Offices Front (Vacant): 3,394 sqft, £17psf
First Floor Offices (Vacant): 5,913 sqft, £17psf
Second Floor Offices (Vacant): 3,340 sqft, £17psf (Under Offer
Features:
Office/Warehouse/Storage
2 Loading Doors to Rear
Double Height Atrium/Reception
Part Tenanted Property
Floor Plans Available Upon Request
Location:
Address: Penguin House, Lismirraine Industrial Park, Elstree Road, Elstree, Herts, WD6 3EA
Conveniently located between Bushey, Stanmore, and Borehamwood, with Watford and St Albans to the East and North respectively
Easy access to M1, M25, A1 & A41
Close proximity to key transport hubs, including Bank Station and Liverpool Street Station
Terms:
Freehold Price: Offers in Excess of £6,500,000 sought, subject to contract
Rent: £17.00 psf
VAT: Applicable
Lease Terms: New lease terms available, to be negotiated
Service Charge: Contribution towards communal parts repair and maintenance
Business Rates: Rateable Value for 2025/26 TBA (Interested parties should make their own enquiries)
CEPC Rating: D (83), valid until 18/03/28
Legal Costs: Each party responsible for their own legal costs
Additional Notes:
Anti-Money Laundering Requirements: Two forms of ID and confirmation of funds will be required from successful applicants in accordance with revised regulations.
For further details or to arrange a viewing, please contact FraserBond.