Industrial for sale in 13-18 Barton Road, Bletchley, Milton Keynes MK2

£900,000 (£38.31/sq. ft)

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Industrial for sale

23,491 sq. ft*

Property description

Key Points

  • South East Freehold Multi Let Investment comprising 6 units
  • 3 units sold on a 999 long leasehold from 25th December 1990 (Units 13-15)
  • 3 units let to Milton Keynes Pressings Limited on two leases expiring 25/09/2028 (units 16-18) at a low passing rent of £76,300 pa excl (£6.71 psf)
  • Milton Keynes Pressings Limited have been in occupation of units 17 & 18 since 2004 (c20 years) and unit 16 since 2012 (c12 years)
  • Medium term break up / asset management opportunities
  • Low cap val on units 16-18 of £79psf
  • Guide price of £900,000 (nine hundred thousand pounds) which represents 8.06% net initial yield, assuming normal costs

    • Description

    The demise comprises a terrace block of 6 industrial units, 3 of which were sold off on a 999 year lease in 1990. The buildings are of steel portal frame construction under a fibre cement roof. The elevations are a combination of metal profile cladding and brick. Loading is at the rear of each unit via a single loading door. Offices are located at the front of each unit.

    Location

    Bletchley is an established town located 3 miles south of Milton Keynes, providing easy access to the A5, junction 14 of the M1 and has excellent rail links into London and the north. Bletchley has attracted many large retailers including Asda and Ikea due to the extensive regeneration programme and the construction of the large sports/conference stadium, home of the mk Dons.

    The Water Eaton Estate is located to the south of Bletchley adjacent to the Blue Lagoon Local Nature Reserve. The property is located to the east of the estate adjacent to Barton Road. This provides good access to the A4146 which leads to the A5 (approx. 3 miles).

    Availability_Text

    The accommodation comprises the following areas:

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

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    TDB Real Estate Ltd, NN4 on +44 1604 318673 * (local rate)

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    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by TDB Real Estate Ltd, and do not constitute property particulars. Please contact TDB Real Estate Ltd for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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