The former Hertfordshire home of global toy manufacturer Mattel has been put up for sale for circa £12.75m.
The 2.6-acre site, which is located on Cranborne Industrial Estate in Potters Bar, provides 202,743 sq ft of industrial space.
It comprises the 149,690 sq ft Cranborne House, which was originally developed as Mattel’s toy factory and is now a multi-let industrial building. Levels one and two are sub-divided into two units each, with levels three and four arranged as single floors
The site also includes the 1950s-built Summit House, which provides 53,053 sq ft of industrial warehouse space arranged over two levels.
In more recent years, the properties, which generate a total passing rent of £1,101,952 per annum with an average rent of £5.53/sq ft, were occupied by Soundcraft Harman International Industries, part of the Samsung group.
Paul Quy, industrial and logistics partner at Kirkby Diamond, which has been instructed to market the site alongside Moore Hunter, said: “This is a very rare opportunity to acquire a large industrial investment in a tightly constrained market. Potters Bar benefits from exceptional transport links, proximity to Greater London and strong occupier demand across the Hertfordshire and South east industrial markets. We anticipate strong interest from investors, developers and owner-occupiers looking to capitalise on the site’s scale and connectivity.”
