Middlesex House, Middlesex House, Rutherford Close, Stevenage, Hertfordshire, SG1 2EF

Key Features

Modern office block arranged over ground and first floor
Let to four separate tenants benefiting from a WAULT of Circa 4 years to expiry
Total space 11,748 sq ft (1,091.4 sq m)
Strong access to transport A1(M)
VAT applicable
Completion available in 6 weeks
Capital values of £187.27 psf
Available for £2.2m, reflecting a New Yield of 7.85%

Property Description

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.

Terms

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.

Location

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, amongst others. There are further development opportunities.

Availability

Name/Floor	Sq Ft	Sq M	Availability
Ground Unit 1	2,949	274	Let
Ground Unit 2	2,943	273	Let
1st Unit 3	2,955	275	Let
1st Unit 4	2,901	270	Let
Total	11,748	1,091

Request a viewing

Sam Marks

020 7629 9050
07436060203

Craig Van Straten

020 7629 9050
07763 928238

George Cracknell

Chartered Surveyor
07384 897647

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Middlesex House Middlesex House, Rutherford Close, Stevenage, Hertfordshire, SG1 2EF

Modern 11,748 sq ft freehold office building in Stevenage, multi-let to four tenants with income and parking, available for £2,200,000!

Key Features

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Request a viewing

Sam Marks

Craig Van Straten

George Cracknell

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