Unit 7, Delaware Drive, Tongwell, Milton Keynes, Buckinghamshire
£109.30 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
43,460 sq ft
4,038 sq m
- SECTOR
Industrial park for sale
Key features
- Freehold
- Site Area 2.25 Acres
- Single let investment
- Industrial unit with ground and first floor offices
- Passing rent of £360,978 pax
- Fixed rent review on 12th March 2025 rent increasing to £371,804 pax.
- Low capital value of £109 psf.
Description
Milton Keynes is based in a strategic location lying immediately to the west of the M1, 30 miles to the north of the M25 (Junction 21) and 46 miles north of London city centre.
Unit 7 Delaware Drive is let to Supreme Wheels Direct Ltd on the following terms
A tenure full repairing & insuring lease from 12 Mar 2020 expiring 11 Mar 2030
Passing rent of £360,978 per annum (£8.30 per sq ft)
Tenant only break on 12 Mar 2025 with 6 months prior written notice (not exercised)
Fixed rent review on 12th March 2025, increasing rent to £371,804 pa (£8.55 psf)
The lease is subject to a photographic schedule of condition
The lease is contracted inside the 1954 Landlord & Tenant Act (part II) as amended
Prime single let industrial investment within the Milton Keynes Industrial Hub. Looking for offers in excess of £4.75m.
Reflecting a NIY of 7.13% and a reversionary yield of 8.16%.
Brochures
Unit 7, Delaware Drive, Tongwell, Milton Keynes, Buckinghamshire
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Milton Keynes Central Station2.9 miles
- Wolverton Station3.1 miles
- Bow Brickhill Station4.7 miles
Notes
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