Erica Road, Milton Keynes, MK12 6HS, UK

Stacey Bushes Trading Centre, Milton Keynes

Asset Description

The estate is ideally located with immediate access to the A5, being within 2 miles from Milton Keynes town centre and only 5 minutes drive from J14 of the M1.
The estate comprises 27 units ranging in size from 1,043 sq ft to 6,299 sq ft, totalling 68,092 sq ft.
The site area totals approximately 1.97 hectares (4.87 acres), providing a very low site density of c.32%.

...

Building area Gross

6,326 m²

Occupancy

100.00%

Year built

1980

A rare opportunity to acquire the premier multi-let trade counter estate in Milton Keynes. The estate is highly reversionary and located in the Stacey Bushes industrial estate, which is an established commercial location in Milton Keynes.
There is the opportunity to increase the income of the estate by over 25% within a short time frame, with 65% of the income being subject to a lease event in the next 2 years.
The estate is well-let to a diverse range of 23 tenants and provides a headline income of £745,550 pa equating to a very low £10.95 psf.