28/9/21 – Rare industrial unit sale in Kings Langley

Acting on behalf of Hydro-X, Aitchison Raffety has completed the sale of a 2-storey business unit at 11 Abbots Business Park, Kings Langley, Hertfordshire.

The property comprises a 50:50 split 2-storey building, with a loading door and ground floor workshop/storage space plus fully fitted offices at first floor level. The property has a total area of 1,901 sq ft (176.6 sq m) and benefits from five car spaces as well as air-conditioned offices.

The unit was originally available to let at £26,250 pa, however the owner agreed to sell to the buyer, Chiptuning Ltd, a local Hemel Hempstead based company expanding to larger premises.

The sale represents a rare freehold deal in what is still a very tight market in terms of the supply of industrial/workshop buildings, especially for freehold properties. The strong interest in the sale enabled the vendor to secure a price higher than expected.

Aitchison Raffety advised the vendor, Hydro-X Ltd, whilst the purchaser was unrepresented.