Property photos
Under offer
Freehold
Offers over
£4,750,000
(£109.30/sq. ft)
Industrial for sale
Unit 7, Delaware Drive, Tongwell, Milton Keynes, Buckinghamshire MK1543,460 sq. ft
Local area information
Property location
Nearby amenities
- Willen Primary School 0.4 miles
- Giffard Park Primary School 0.7 miles
- Milton Keynes Central 3 miles
- Wolverton 3.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- 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.
A prime single let industrial investment in the sought after South East of England with strong potential of rental uplift on lease expiry.
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%.
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%.
More information
Listed by
Aitchison Raffety
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