FOR SALE â Office Investment
FOR SALE – Office Investment
Located on one of the premier business parks in Milton Keynes, two miles from the city centre. Good access to M1, A5 and A421.
Milton Keynes Central station 1.4 miles, providing journey time of 30 minutes to London Euston. High quality, detached office over two floors with good covenant in-situ. £105,000 per annum rental, lease expiry 2030 with review in 2020/25. On-site parking for 28 vehicles.
7,364 sq ft (684 sq m) 1 Radian Court, Knowlhill, Milton Keynes, MK5 8PJ
£1,500,000 providing a yield of 6.75% after costs.
15 Shenley Pavilions, Shenley Wood, Milton Keynes, MK5 6LB
Location
Specification
Terms
• Located on a premier Milton Keynes business park, two miles from the city centre with adjacent parkland. • Excellent access to the M1 motorway, A5 dual carriageway and A421 trunk road providing excellent north-south and eastwest connections. • Milton Keynes is located approximately halfway between London and Birmingham, and benefits from a West Coast mainline train service connection.
• • • • • •
Grade A office space. LED lighting throughout first floor. Lift access from lobby/reception. Suspended ceilings throughout. Comfort cooling. Grade A re-fit to first floor in late 2015 and ground floor currently under refurbishment. • Raised floors throughout. • Cat 5 cabling.
• The investment is available by way of freehold sale. • Freehold: £1,500,000 exclusive. • Service charge: Applicable. • VAT: Applicable at the appropriate rate.
Floor Area (Net Internal Area - NIA)
Viewing
The property has been measured in accordance with the RICS Code of Measuring Practice 6th Edition.
Nick Bosworth [email protected] 01908 678800
Ground Floor: First Floor:
342 sq m 342 sq m
(3,682 sq ft) (3,682 sq ft)
Total:
684 sq m
(7,364 sq ft)
Luke Tillison [email protected] 01908 678800
Description • Current rental income of £105,000 reflecting a low rental of £14.25 sq ft with growth potential to £16.50 sq ft + at review. • A new lease of the entirety dated June 2015 for a term of 15 years with break in 2025. • Break notice penalty of 12 months rent should the break option be exercised. • Good local covenant with accounts available on request. • Building fully refurbished throughout and let on a fully repairing and insuring basis. • Further information available on request.
Areas quoted are approximate and should not be held as 100% accurate.
Business Rates • Interested parties are advised to make their own enquiries.
Eamon Kennedy [email protected] 01582 738866
Located on one of the premier business parks in Milton Keynes, two miles from the city centre. Good access to M1, A5 and A421.
Milton Keynes Central station 1.4 miles, providing journey time of 30 minutes to London Euston. High quality, detached office over two floors with good covenant in-situ. £105,000 per annum rental, lease expiry 2030 with review in 2020/25. On-site parking for 28 vehicles.
7,364 sq ft (684 sq m) 1 Radian Court, Knowlhill, Milton Keynes, MK5 8PJ
£1,500,000 providing a yield of 6.75% after costs.
15 Shenley Pavilions, Shenley Wood, Milton Keynes, MK5 6LB
Location
Specification
Terms
• Located on a premier Milton Keynes business park, two miles from the city centre with adjacent parkland. • Excellent access to the M1 motorway, A5 dual carriageway and A421 trunk road providing excellent north-south and eastwest connections. • Milton Keynes is located approximately halfway between London and Birmingham, and benefits from a West Coast mainline train service connection.
• • • • • •
Grade A office space. LED lighting throughout first floor. Lift access from lobby/reception. Suspended ceilings throughout. Comfort cooling. Grade A re-fit to first floor in late 2015 and ground floor currently under refurbishment. • Raised floors throughout. • Cat 5 cabling.
• The investment is available by way of freehold sale. • Freehold: £1,500,000 exclusive. • Service charge: Applicable. • VAT: Applicable at the appropriate rate.
Floor Area (Net Internal Area - NIA)
Viewing
The property has been measured in accordance with the RICS Code of Measuring Practice 6th Edition.
Nick Bosworth [email protected] 01908 678800
Ground Floor: First Floor:
342 sq m 342 sq m
(3,682 sq ft) (3,682 sq ft)
Total:
684 sq m
(7,364 sq ft)
Luke Tillison [email protected] 01908 678800
Description • Current rental income of £105,000 reflecting a low rental of £14.25 sq ft with growth potential to £16.50 sq ft + at review. • A new lease of the entirety dated June 2015 for a term of 15 years with break in 2025. • Break notice penalty of 12 months rent should the break option be exercised. • Good local covenant with accounts available on request. • Building fully refurbished throughout and let on a fully repairing and insuring basis. • Further information available on request.
Areas quoted are approximate and should not be held as 100% accurate.
Business Rates • Interested parties are advised to make their own enquiries.
Eamon Kennedy [email protected] 01582 738866
