Prime investment opportunity featuring a long-term, single-let, freehold high bay warehouse located in Houghton Regis, Dunstable.
Summary
- Single let southeast warehouse investment.
- Long-term secure income to October 2036.
- Located in Houghton Regis, Dunstable, near the M1 and M25.
- Modern high bay (9.5m eaves) warehouse premises.
- 19,900 sqft (1,848.77 sqm) GIA.
- Let to Helapet Limited and Clinimed Holdings Limited (Guarantor), Experian “Very Low Risk”.
- Rent 218,900 pa
- ERV £258,700 pa.
- Quoting price £3,438,000.
- NIY 6.00%, assuming usual purchasers costs.
Accommodation
The accommodation comprises the following areas (GIA):
| Name | sq ft | sq m | Availability |
| Ground - Warehouse | 18,499 | 1,718.61 | Occupied |
| 1st - Office | 1,401 | 130.16 | Occupied |
| Total | 19,900 | 1,848.77 |
Location
Lister House is situated on Blackburn Road on the established Townsend Industrial Estate in Houghton Regis. The property is close to J11a of the M1, providing ideal access to the midlands the M25 and Luton Airport.
Get directions from Google Maps
Mainline Stations
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Leagrave55 mins
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Harlington (Bedfordshire)88 mins
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Luton93 mins
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Luton Airport Parkway111 mins
Underground Station
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Chesham267 mins
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Amersham307 mins
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Chalfont and Latimer309 mins
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Chorleywood326 mins
Further Information
Price £3,438,000
Rates Payable Upon Enquiry
Service Charge n/a
EPC Rating This property has been graded as C (61)
Description
The property comprises a modern detached high-bay (9.5m minimum eaves) warehouse premises with external offices, loading yard, and parking, set within a self-contained secure site.
Tenure
Freehold
Tenancy
The property is let to Helapet Limited, with a parent company Guarantee to Clinimed Holdings Limited on an FRI lease dated from 7 February 2020 to 13 October 2036, with no break clause. The current rent is £130,000 pa, with a fixed rent increase on 14 October 2026 to £218,900 pa. The vendor will top up the rent from completion. The next open market rent review is dated 14 October 2031.
ERV
The current Estimated Rental Value (ERV) is based on £13.00 per sqft which reflects £258,700 per annum. Therefore, we anticipate a significant uplift at the next open market rent review in 2031.
Covenant
Helapet Limited and Clinimed Holdings Limited have been rated as “Very Low Risk” by Experian.
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