Deltic Avenue, Milton Keynes, Buckinghamshire, MK13 8LD, UK

Deltic Trade Park, Milton Keynes

Building area gross

4,446 m²

Year built

2020

Land area gross

1 ha

Number of units

5 units

WAULT

9.95 years

Asking price

NZ$22,471,000

Cap rate

Prime multi-let trade counter estate in a strategic South East Location
Located in Milton Keynes, a prominent industrial and distribution hub due to its extensive labour force and excellent location within both the industrial M1 corridor and the Oxford-Cambridge Arc.
The property benefits from direct access to V6 Grafton Street which in turn provides access to the A509 and A5 networks. The A5 trunk road is within half a mile of the estate and Junctions 13 & 14 of the M1 are approximately 3 and 6 miles away, respectively.
The estate comprises a modern industrial estate extending to 47,913 sq ft arranged across 5 industrial/trade counter units ranging in size from 3,073 sq ft to 24,604 sq ft.
The estate benefits from a diverse mix of tenants including MKM, SixT Rent a Car & Dulux which provides a very secure cashflow.
The site area extends to approximately 3.29 acres (1.3 hectares). providing a very low site density of c.33%.

...

Rare opportunity to acquire a prime multi-let trade counter estate with strong reversionary potential.
The estate produces a passing rent of £576,725 per annum, equating to £12.04psf
The estate has a WAULT of 9.95 years to break and 11.36 years to expiry.
Opportunity to capture significant inherent reversion; 17% of income is subject to outstanding rent reviews.
A further 27% of the income is subject to a lease event within the next 24 months
All units are of a high quality and benefit from EPC ratings of 'A'.
The site area extends to approximately 3.29 acres (1.3 hectares). providing a very low site density of c.33%.
Freehold