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Prime Dominant Retail Warehousing

Milton Keynes, United Kingdom

93%

£28.460.000

Retail

#34282

Core+

5 Nov 2024

Property Details

Broker

Sold

121,527 sq.ft.

11,290 m²

Leasable area

234.19 £/sq.ft.

2,520 £/m²

7.25 %

1

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Milton Keynes is an affluent, South East city with direct links to Central London. Large catchment of 276,774 within 20 minutes drive time (PMA). Occupies a strategic situation in Milton Keynes, in close proximity to Milton Keynes Central Rail Station, as well as good access via the A5 and A509, which connects to the M1 Motorway Highly dominant DIY store, spanning 121,527 sq ft (11,290 sq m) GIA Freehold, 11 acre site. Single let to the undoubted 5A1 D&B rated covenant of B&Q Ltd Term certain of 6.6 years remaining, expiring 20th Oct 2030. Total passing rent of £2,202,739.50 per annum, reflecting £18.13 psf. EPC B-37, compliant with future MEES regulation. Site is underpinned by significant alternative use value, subject to the necessary consents