Commercial Property - Investment - Light Industrial/Motor trade investment

Investment located on popular Milton Keynes Industrial Estate
Of interest to investors
Strong occupier demand
Annual upwards only rent reviews
Available to purchase on a long leasehold basis, subject to the existing occupational sub tenancy at an asking price of £375,000 exclusive
Location: 

The subject property is situated on the Bradville Industrial Estate in Milton Keynes, approximately two miles north of Central Milton Keynes. The estate benefits from excellent connectivity: Milton Keynes Railway Station is around a five minute drive away, the A5 can be reached in approximately two minutes, and the nearest junction of the M1 motorway is also within a five minute drive.

Description: 

The subject property comprises an end-of-terrace light industrial unit currently used for motor repair. The building features profile steel-clad elevations beneath a flat roof incorporating translucent roof‑light panels.

Access is provided via a roller shutter door located at the front of the unit. The minimum eaves height is approximately 4.87 metres.

The property is let on a 7 year (less one day) lease commencing on 1 August 2023 and expiring on 30 July 2030. The current passing rent is £25,300 per annum exclusive. The lease provides for annual, upwards only rent reviews, effective on 1 July each year during the term. The agreement is contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954.

Accommodation: 

Gross Internal Area: 242.3 sq. m (2,608 sq. ft)

Rates: 
Rateable Value: £23,250
Rates Payable 2026/27: £TBC

Payment of business rates is the responsibility of the tenant during the lease term

 

(Excludes Small Business Rates Relief which may apply)
The Rates Payable figure is an estimate. It does not take into account any Transitional Arrangements. It is important that interested parties verify this information with the relevant Borough Council Rating Department.

Terms: 

Available to purchase on a long-leasehold basis, subject to the existing occupation 'sub tenancy' at an asking price of £375,000 exclusive

VAT: 

All figures quoted are exclusive of any VAT that the landlord may have a duty or choose to impose.

Legal Costs: 

Each party shall bear their own legal costs involved in the transaction.

Viewing: 

Strictly by appointment through the Sole Agents: HADLAND CHARTERED SURVEYORS TEL: 01604 639657

Sub Location: 
Bradville