Industrial & Logistics

Water Eaton Industrial Estate, Milton Keynes

Mk Pressing Ltd Water Eaton Industrial Estate43a Milton Keynes, United Kingdom MK2 3EF
Asking Price
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Reference Number 10023651558
Year Built 1970
Building Area Gross
Occupancy 100.0 %

Asset Description

A highly reversionary single let South East Industrial Unit.

Investment Highlights

A Highly reversionary single let South East Industrial Unit

  •  An opportunity to acquire a highly reversionary industrial unit located in a prime South East Location.
  •  The asset sits in an established industrial and trade location just 0.6 miles from Bletchley Town Centre.
  •  The property is well located just off the busy Drayton Road and has excellent access to the A4146 and A5, which connect to the M1 Motorway.
  •  The property is fully let to MK Pressings Ltd with a low passing rent of £157,868 (£5.23 psf), offering significant scope for reversion.
  •  WAULT 7.62 years to expiry and 2.62 years to break.
  •  The property extends to 30,171 sq ft (excluding the sold of LLH element).
  •  The site extends to 3.24 acres (1.31 hectares), providing a site cover of 43%.
  •  The property is held freehold.

  We are instructed to seek offers in excess of £2,700,000 (Two Million, Seven Hundred Thousand Pounds), subject to contract and exclusive of VAT.

A purchase at this level reflects a Net Initial Yield of 5.50% and a Reversionary yield of 7.88%, assuming standard purchasers’ costs. This represents a low capital value of £89 per sq ft.*

*not including the units sold LLH.

Last Updated Date: 25 Oct 2022

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Last Updated Date: 25 Oct 2022

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