Holdom Avenue, Bletchley, MK1 1QU, UK

Saxon Park Industrial Estate

Descrição do ativo

Saxon Park was constructed to a high specification and totals 127,066 sq ft of Light industrial / trade counter accommodation across 12 units.
The estate is arranged across four terraces with demised unit sizes ranging from 6,325 sq ft to 20,753 sq ft, with associated servicing yard areas and generous car parking provisions across separate car parking areas across the estate.
There have been a number of refurbishments across the units in conjunction with new leasing activity, with the latest capex programme understood to have been as recent as 2022.
The units are of steel portal framed construction, with profiled sheeting and benefit from B1c, B2, (now known as planning class ‘E’), B8 and sui generis planning consent.
The site area totals approximately 6.31 acres (2.55 ha), equating to a site cover of 46%.

All units benefit from the following specification:

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Área de construção líquida

11.799 m²

Ano de construção

1980

Área de terreno bruta

11.799 m²

Extremely rare opportunity to acquire a prime multi let industrial estate located in Milton Keynes, a densely populated major conurbation in the South East of England.
Excellently located estate, a short distance. to the M1, A5(M) and A421, providing unrivalled access to London and the wider South East, whilst also providing direct connection to Birmingham and the wider UK motorway network to the North.
The estate, totalling 127,066 sq ft, of high specification industrial accommodation, produces a headline rent of £1,061,867 per annum, equating to a low average rent of £8.36 per sq ft across the estate. — Prime rents in the Milton Keynes area currently stand at £16.00 per sq ft, demonstrating the assets strong reversionary potential.
Significant immediately deliverable asset management opportunities with over 39% of income subject to rent review within 12 months, with two outstanding rent reviews on Units 2 & 4 where negotiations have commenced, allowing for an incoming purchaser to immediately drive performance on the asset.
Diverse, strong occupier base, with over 71% of income rated as Very Strong or Strong CreditSafe rating. Core areas of business dominated by Logistics, Advanced Manufacturing and Construction Material Production.
55% of the income is secured against tenants outside of the 1954 L&T Act.
High Tenant retention rate, due to proximity to a large customer base in surrounding areas including Milton Keynes, Leighton Buzzard and Aylesbury.