Summary - Cranborne House & Summit House, Cranborne Rd, Potters Bar, EN6 EN6 3JN
1 bed 1 bath Light Industrial
Reversionary multi-let asset near major motorways with clear value-add potential.
- 2.6-acre site with 202,743 sq ft across two buildings
- Total passing rent £1,101,952 pa (avg £5.53psf)
- ERVs > £7.00psf; new-build rents can exceed £15.00psf
- Shorter leases offer immediate active-management upside
- Most floors truck-accessible with strong floor loadings
- Large external yards, numerous loading/service bays
- Modernisation likely required to achieve full ERV/new-build rents
- Adjacent railway line and mixed-area socio-economic profile
A large, reversionary multi-let industrial and storage investment occupying 2.6 acres with 202,743 sq ft across two buildings. The asset produces a total passing rent of £1,101,952 pa (average £5.53psf) with estimated rental values (ERVs) in excess of £7.00psf and new-build rents markedly higher, indicating clear upside through active asset management.
The site is strategically located with immediate access to the M25 (J23), A1(M) and rail links into central London, supporting strong occupational demand. Most floors can be accessed by truck and the units benefit from strong floor loadings and multiple loading/service bays, surface car parking and large external yards suited to industrial, logistics or occupational consolidation uses.
Opportunities include reversionary rent increases from short lease profiles, lease re-gearing, refurbishment or partial redevelopment to capture modern rents. The combination of sizable footprint, yards and truck access offers rare flexibility for occupiers and investors seeking immediate operational income and future value uplift.
Material considerations: the stock appears mixed-age brick and steel-clad buildings that will require modernization to achieve ERV or new-build rents. The site sits adjacent to a railway line which affects immediate outlook and could influence some occupier types. Local socio-economic classifications indicate mixed area characteristics; tenure details are unknown and any sale will require standard technical, environmental and title due diligence.
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