Summary
- On behalf of Joint Receivers, acting as agents without personal liability
- Attractive industrial/warehouse investment opportunity
- Opportunity to enhance value
- Attractive capital value of £108 per sq ft / £1,167 per sq m
- Offers in the region of £800,000, subject to contract
- 7.01% net initial Yield
- 8.31% Reversionary Yield
Location
Milton Keynes is located approximately 80 kms (50 miles) north of London, 88 kms (55 miles) south east of Birmingham and 21 kms (13 miles) south of Northampton. The town benefits from good road communications and is located approximately 5 kms (3 miles) west of the M1 Motorway. In addition, the town is connected to the National Railway Network.
Situation
Unit 25 is located within an established “IO” industrial estate, phase I first constructed in 2002. The property is positioned on Twizel Close, accessed from Fingle Drive, some 7 kms (4 miles) west of Junction 14 of the M1 Motorway and 3 kms (1.8 miles) north west of Milton Keynes Central Station.
Description
The property comprises a semi-detached industrial / warehouse unit of stell portal frame construction with internal office accommodation. The eaves height is 20 feet/ 6 metres. A roller-shutter loading door is provided to the car park / service area to the front.
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