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EPC
The property has an EPC rating of C, valid until 29th September 2036.
Accommodation
The property has been measured by BKR Floor Plans and provides the following Gross Internal Areas:
| Ground Floor | 1,776 | 164.99 |
| Mezzanine | 223 | 20.72 |
| Total GIA | 1,999 | 185.71 |
The measured survey is available to download.
Rateable Value
According to the Valuation Office website the rateable value for the property is as follows;
| Unit 24 | Workshop & Premises | £18,750 |
The business rate multiplier is 43.2 pence per pound.
Tenure
Freehold.
Tenancy
The property is let in its entirety to Autotech Bishops Stortford Ltd on a full repairing and insuring lease, subject to a Schedule of Condition, for a term of 10 years from 10th February 2021, expiring on 9th February 2031. The lease is contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954.
A break option dated 10th February 2026 was not exercised by the tenant, demonstrating their commitment to this location.
Following an open market rent review dated 10th February 2026, the rent increased from a previous rent of £12,000 per annum to the current passing rent of £25,000 per annum. The rent is payable monthly in advance.
The permitted use under the lease is Use Classes B1, B2 or B8. The tenant is allocated two private motor vehicle parking spaces.
A £3,600 rent deposit is held by the Landlord.
The service charge payable by the tenant for 2026 is £551.93.
Covenant
Autotech Bishops Stortford Limited is an established company operating as a vehicle repair, servicing, and a DVSA authorised MOT testing station.
There are no rent arrears, and the tenant has a very good payment history. A payment schedule is available to download via the data room.
A £3,600 rent deposit is held by the Landlord.
VAT
The property has been registered for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).
Rental & Capital Values
Bishop’s Stortford’s industrial market has benefited from sustained occupier demand driven by its proximity to Stansted Airport, its position within the M11 growth corridor and the relative scarcity of modern, freehold-available industrial stock of modest size.
The passing rent of £25,000 per annum equates to £14.08 per sq ft (excluding mezzanine). This is in line with other rents on the subject estate, as evidenced by the following rent reviews:
| Address | Size | Date | Rent PA | Rent Psf |
| Unit 29 | 2,360 sq ft | 1st September 2026 | £35,000 | £14.83 |
| Unit 26 | 2,465 sq ft | 16th July 2026 | £33,215 | £13.47 |
A purchase at the asking price reflects a capital value of £180 per sq ft (£1,940 per sq m), excluding the mezzanine level. This represents a substantial discount to vacant possession values for small-unit industrial units in the wider M11 corridor and the Harlow market — the nearest comparable submarket with recent transactional evidence:
| Address | Size | Date Sold | Sale Price | Price Psf |
| Unit 3, Joseph House, Harolds Road, Harlow | 1,216 sq ft | Oct-25 | £290,000 | £238.48 |
| Unit 9, RO24, Harlow Business Park | 1,609 sq ft | Dec-25 | £440,000 | £273.46 |
| Bradbury House, Harlow | 5,119 sq ft | Apr-25 | £1,200,000 | £234.42 |
| Units E&F, West Side, Harlow | 4,264 sq ft | Nov-25 | £1,150,000 | £248.70 |
Therefore, we suggest that the investment value is at a discount to the vacant possession value.
Proposal
We are instructed to seek offers in the region of £320,000 (Three Hundred and Twenty Thousand Pounds), subject to contract, reflecting a net initial yield of 7.55% and a capital value of £1,940 per sq m / £180 per sq ft (excluding mezzanine area).
Please note a purchaser will be re-charged the cost of the searches (£1,238.96) which are provided in the data room.
Please note that a purchaser will be charged a Transaction Fee of 1.0% of the purchase price plus VAT.
Investment Considerations
A rare opportunity to acquire a freehold single industrial unit in Bishop’s Stortford;
Let to an established tenant, Autotech Bishops Stortford Limited on a 10-year lease expiring in February 2031;
The February 2026 break option was not exercised by the tenant, demonstrating their commitment to this location;
Current passing rent of £25,000 per annum agreed at recent rent review in February 2026;
A purchase at the asking price reflects a low capital value, at a discount to the vacant possession value;
Attractive lot size for an investor.
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Data Room
A full data room is available for this property.
Click the button below to access the data room, or navigate to the area titled “clicktopurchase®”, where you can view the data room and commence the online purchase process.
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