28/9/21 – Logistics business expands in Hertfordshire

Acting on behalf of Jarvis Indcom Ltd, Aitchison Raffety’s Agency team has completed the letting of Unit 4, River Park Industrial Estate, Berkhamsted, Hertfordshire.

The property, comprising a terraced industrial unit of 3,564 sq ft together with a large mezzanine storage floor of 1,858 sq ft was let to Berkhamsted based company Smart Directions Ltd who are expanding. The quoting rent was £35,600 per annum, an increase from the last letting in 2019.

The tenant was unrepresented whilst the landlords were represented by Aitchison Raffety.

The letting to the Smart Directions Ltd shows that the industrial market in Hertfordshire has become stronger since Brexit, as a letting was achieved in 2019 at a lower rent of £32,000.

If you are interested in an estimate of the value of your property please contact Ian Archer at Aitchison Raffety on 01442 220801 for professional, confidential advice. ian.archer@argroup.co.uk.