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Unit 1, Watford Interchange, Watford, Herts let by Frankis Porter

wantspacegotspace.co.uk - Unit 1, Watford Interchange, Watford, Herts let by Frankis PorterAXA REIM have let Unit 1 at Watford Interchange in Colonial Way, Watford, immediately upon completion of refurbishment works to the building.

The building comprises 18,020 sq ft and was let to Invensys Rail, a Siemens company, who have taken a 5 year lease at a rent of £8.25 psf.

Invensys acquired the premises to service a rail maintenance contract & wanted to, locate near to both the main motorway & rail network which the unit at Watford Interchange is able to provide.

The refurbished unit provides modern, high quality, warehouse & office, accommodation with good car parking facilities & a large yard.

Paul Harris, the Senior Asset Manager at AXA, said he felt the refurbishment works were a major factor in effecting a quick letting of the building & enabled them to maximise rental income.

AXA REIM were advised by Frankis Porter LLP & Stimpsons. Invensys were advised by DTZ.

Jim Frankis at Frankis Porter commented that this letting shows the good demand for warehouse units of a high specification in strategic locations.

Posted by The Editor (wantspacegotspace) on 2nd June 2013 (updated 09/06/2013)

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