Q1 Penfold Trading Estate, Imperial Way, Watford WD24 4YY
Comprising a mid-terrace warehouse unit of 3,648 sq ft (GIA), acting on behalf of the tenant, Grove Group, Smiddy & Co have negotiated a new reversionary lease for a term of 5 years that commenced at the expiry of the previous lease, 17th September 2019.
Smiddy & Co are also marketing Unit B1 on behalf of the tenant who wishes to assign the lease expiring December 2027 where there is an option for the tenant to break on 24th December 2022.
Amounting to 4,948 sq ft the passing rent is £61,000 per annum exclusive.
For further information please contact Smiddy & Co (01923 911007).