London, March 2016 – Boultbee Brooks Real Estate (BBRE) has sold Hemel Park, Boundary Way in Hemel Hempstead to Metric Distribution Limited for £7.5 million after originally acquiring the site in March 2011.
Built in 1987 and extensively refurbished in the last five years, Hemel Park is a high-quality business park comprising a two-bay detached industrial unit extending to 65,404 sq. ft. with two-storey offices to the front. The specification comprises steel frame construction, extensive car parking and a self-contained secure yard. It has been designed to achieve BREEAM ‘excellent’.
The business park provides easy access to nearby motorway networks and airports; the M1 is located one mile away and the M25 is three miles away, and Luton and Heathrow airports can be reached within 12 miles and 25 miles respectively providing excellent access for global businesses.
Hemel Hempstead is a significant industrial and commercial centre in Hertfordshire that attracts large occupiers. Activity has been buoyant with the recent completion of major infrastructure works to the M1 motorway, which has further enhanced the town as a popular business and distribution area.
Lucy Boultbee Brooks at Boultbee Brooks Real Estate said: “Hemel Park is situated in an established industrial location offering high-quality, refurbished space with modern accommodation. We’re pleased with the sale and to have achieved a good return on our investment.”