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Agent's details

13-18 Barton Road, MK2

For sale: £900,000.00|23,491 Sq Ft|General Industrial, Other, Warehouse, Industrial, Other Property Types & Opportunities

Property details

FOR SALE£900,000.00
SIZE23,491 Sq Ft
ADDRESS13-18 Barton Road, Bletchley, Milton Keynes, MK2 3JJ
TYPEGeneral Industrial, Other, Warehouse, Industrial, Other Property Types & Opportunities
TENUREInvestment Opportunity, Under Offer, For Sale Freehold
POSTED ON16th April 2024

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
  • Summary

    FOR SALE - Multi Let Industrial Investment

    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).

    Location

    marker
    Location: 13-18 Barton Road, Bletchley, Milton Keynes, MK2 3JJ

    Bletchley (0.7 miles)

    Fenny Stratford (1.1 miles)

    Bow Brickhill (2.0 miles)

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