Accommodation
The property provides the following accommodation:
| Accommodation | Area (Sq Ft) | Area (Sq M) | |
| Larch House | |||
| Ground Floor | 3,922 | 364.36 | |
| First Floor | 4,089 | 379.88 | |
| Second Floor | 4,020 | 373.47 | |
| Total | 12,031 | 1,117.71 | |
| Maple House | 3,692 | 343 | |
| Elm House | |||
| Ground Floor | 1,124 | 104.42 | |
| First Floor | 1,256 | 116.69 | |
| Second Floor | 1,285 | 119.38 | |
| Total | 3,665 | 340.49 | |
| Total (NIA) | 19,361 | 1798.7 | |
Tenure
Freehold. Note that the investor will gain the freehold over the whole of the business park, although the various plots have been sold on long leaseholds.
Tenancies
The property produces a current gross income of £406,633 per annum, in accordance with the Tenancy Schedule which is available to download.
Note: MBA Consulting Engineers will be vacating their accommodation after a one year extension to leases which end 27th March 2026. Nexus Business Solutions have agreed to extend the lease ending 3 March 2026 for five years. Please refer to the tenancy schedule for further details.
Site
The existing office accommodation extends over the following approximate site areas:
| Site Area* | 2.07 acres | 0.84 hectares |
*note this includes the sold-off office, White Clarke House which has a footprint of 0.15 acres / 0.06 hectares.
A Sitecheck Assess by Argyll Environmental in August 2015, whilst to be updated, provides comfort that there are no site issues, by concluding: “The level of risk associated with the information disclosed in the associated Sitecheck report:
1) is unlikely to have an adverse effect on the value of the property, and
2) is not such that the property would be designated “Contaminated Land” within the meaning of Part 2A of the Environmental Protection Act 1990.”
A copy of the report is available to download.
Service Charge
Copies of the service charge accounts and budget are available to download via the data room.
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Market Commentary& Rental Values
From our enquiries, the commercial property sector in Milton Keynes remains robust with good office demand from local businesses and those further afield. During 2025, prime office rentals have headlined at £35 per sq ft, with offices on business parks suggested to demand levels of £25 per sq ft. Many office buildings have been converted to residential use which would appear to have helped maintain office rental levels.
We are suggesting rental values at Woodlands Business Park for offices in the order of £22.50 per sq ft.. In accordance with the Tenancy Schedule, this has the opportunity to increase the rental income by some £173,520 when the accommodation being vacated by MBA Consulting is re-let.
Covenants
Please refer to the Covenant Schedule detailing information on the tenants. It is suggested that the diverse income stream provides an overall secure income for an investor.
EPC
The Energy Performance Certificates are as follows:
| Unit | EPC rating | Valid Until |
| Larch House | C66 | 25th January 2032 |
| Maple House | B26 | 24th November 2032 |
| Elm House | ||
| Ground Floor | B44 | 5th April 2032 |
| First Floor | C55 | 13th August 2029 |
| Second Floor | B29 | 28th November 2033 |
Rateable Value
According to the VOA website the rateables values are as follows:
| Larch House | £77,000 |
| Maple House | £44,000 |
| Elm House | |
| Ground Floor | £16,750 |
| First Floor | £18,750 |
The business rates multiplier is 55.5 pence for rateable values of £51,000 or more and 49.9 pence for rateable values below £51,000.
VAT
The property has been registered for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).
Proposal
We are instructed to seek offers in the region of £3.47million (Three Million, Four Hundred and Seventy Thousand Pounds), subject to contract.
A purchase at the asking price represents an 11.0% net initial yield allowing for purchase costs at 6.55%.
Investment Considerations
An opportunity to acquire a high yielding investment within Milton Keynes;
The income is derived from a spread of tenants;
The investment offers a high-yielding office cluster
Data Room
Note that the dataroom provides information on all properties at the Woodlands Business Park.
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