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Three MEES compliant HQ offices

Milton Keynes, United KingdomUnlock address

85%

£7.500.000

Office

#33497

Core+

3 Mar 2024

Property Details

Broker

For sale

52,903 sq.ft.

4,915 m²

Leasable area

141 £/sq.ft.

1,525 £/m²

10.52 %

2

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Located at the centre of the Oxford, Milton Keynes & Cambridge Arc. Situated within the established industrial district of Kiln Farm and less than 3 miles to the centre of Milton Keynes. The Milton Keynes Office Market has a c.3.5% Grade A Vacancy Rate. Currently MEES compliant with EPC ratings of B and C. Three prominent campus style HQ offices totalling, 52,903 sq ft (4,914.80 sq m), set within a 4.80 acre site. Let to two established tenants, who are both headquartered here. Rockwell Automation have been in occupation for over 15 years. Large car park providing an excellent parking ratio of approximately 1:289 sq ft. WAULT of 3.59 years to expiry. Passing rent of £843,500 per annum, equating to only£15.93 per sq ft a 40%+ discount to prime office rents. The 4.80 acre regular shaped site, could allow for future industrial re-development with industrial land values in excess of £1.3m per acre.