£7.500.000
Confirmation
Three MEES compliant HQ offices
Milton Keynes, United Kingdom
Office
#33497
Core+
28 Oct 2024
Property Details
Broker
Deactivated
52,903 sq.ft.
4,915 m²Leasable area
141 £/sq.ft.
1,525 £/m²10.52 %
2
Freehold
Fees
Investment Overview
Located at the centre of the Oxford, Milton Keynes & Cambridge Arc. Situated within the established industrial district of Kiln Farm and less than 3 miles to the centre of Milton Keynes. The Milton Keynes Office Market has a c.3.5% Grade A Vacancy Rate. Currently MEES compliant with EPC ratings of B and C. Three prominent campus style HQ offices totalling, 52,903 sq ft (4,914.80 sq m), set within a 4.80 acre site. Let to two established tenants, who are both headquartered here. Rockwell Automation have been in occupation for over 15 years. Large car park providing an excellent parking ratio of approximately 1:289 sq ft. WAULT of 3.59 years to expiry. Passing rent of £843,500 per annum, equating to only£15.93 per sq ft a 40%+ discount to prime office rents. The 4.80 acre regular shaped site, could allow for future industrial re-development with industrial land values in excess of £1.3m per acre.
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