Industrial & Logistics

Water Eaton Industrial Estate, Milton Keynes

Mk Pressing Ltd Water Eaton Industrial Estate43a, Milton Keynes, MK2 3EF, UK

Water Eaton Industrial Estate, Milton Keynes_Property for Sale

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Water Eaton Industrial Estate, Milton Keynes 2_Property for Sale

Asset description

A highly reversionary single let South East Industrial Unit.

Attributes

Asking Price
$3,276,000
Building area gross
30,171 sf
Occupancy
100.00%
Year built
1970
Property Reference Number
10023651558

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.

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Last updated
Nov 30, 2022