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Agent's details

Property agent
Tom Dymond

Davy Avenue, MK5

For sale: £3,950,000.00|27,207 Sq Ft|General Industrial, Office, Industrial, Offices

Property details

FOR SALE£3,950,000.00
SIZE27,207 Sq Ft
ADDRESSDavy Avenue, Knowlhill, Milton Keynes, MK5 8HJ
TYPEGeneral Industrial, Office, Industrial, Offices
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON21st March 2024

Description

Key Points

  • Site Address - 10 Davy Avenue, Milton Keynes, MK5 8ND
  • Prime High Quality Industrial Investment For Sale
  • 27,208 sq ft Headquarters & Warehouse Premises in Central Milton Keynes
  • Reversionary Interest
  • Blue Chip Tenant Covenant – AFL Telecommunications UK Limited
  • SPV Sale
  • Summary

    PRIME HIGH QUALITY INDUSTRIAL INVESTMENT FOR SALE

    Description

    The premises comprise a modern detached headquarters warehouse/production facility situated on a large plot (c1.3 Acre) which has shared access from Davy Avenue with the adjacent building. The unit is of steel portal frame construction with profiled steel clad elevations beneath a single pitched roof structure incorporating translucent roof panels, The warehouse benefits from reinforced concrete floors and substantial two storey self-contained office accommodation to the front elevation and generous car parking provision with 64 designated car parking spaces and reasonably sized yard to the rear, with potential to provide further spaces.

    Internally, the warehouse accommodation has a minimum eaves height of 7.0m to the underside of the haunch, recently refurbished LED lighting, gas fired warm air blowers, production offices/lab area, WC and ancillary staff/welfare facilities. The Warehouse is served by two roller shutter doors (c4x5m) to the rear providing access to the rear loading bay and yard.

    The two storey office/ancillary accommodation is fitted out to a very high standard and has recently been refurbished by the Tenant. The space comprises a reception area with feature covered canopy entrance. Both floors are mainly open plan with several recently installed meeting rooms. There is a passenger lift & two stairwells, raised floors, perimeter trunking, gas fired radiator heating, suspended ceilings incorporating recessed LED lights, staff welfare/kitchenette and WC facilities.

    Location

    The property is located in a prominent position on Davy Avenue in the Knowlhill district which is one of the prime commercial estates in Milton Keynes. Knowlhill is home to a range of high quality industrial & office premises occupied by several notable businesses including EMW Law, Freeths LLP, Routeco PLC, DPD, National House Building Council (NHBC), DHL & Plockmatic amongst others.

    Milton Keynes is an established regional centre located in the Midlands and remains one of the fastest growing areas in the country partly as a result of the location and excellent communication links. The M1 motorway runs broadly along the eastern boundary of Milton Keynes with the main motorway junctions being 13 and 14.

    Central Milton Keynes Railway Station is a short distance away, providing easy access to the West Coast Mainline from London (Euston) to Birmingham, Manchester and Glasgow. Trains to London Euston are available with journey times of 30 minutes. All the London International Airports along with Birmingham & East Midlands airports are all readily accessible.

    PROPOSAL

    The Investment is offered for Sale at a guide price of £3,950,000.

    The Investment is held in a Special Purpose Vehicle (SPV) Company, set up solely to hold the Freehold Interest in the Property.

    The Investment is for sale by way of purchase of 100% of the Share Capital in the SPV. Full details on the SPV will be provided upon receipt of a satisfactory offer.

    Location

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    Location: Davy Avenue, Knowlhill, Milton Keynes, MK5 8HJ

    Milton Keynes Central (0.8 miles)

    Bletchley (2.4 miles)

    Fenny Stratford (2.8 miles)

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