Property Description:
The property comprises a single let production/distribution facility featuring clear open plan warehousing to the ground floor level with ancillary offices situated within a self-contained site, offering approximately 43,460 sq ft (GIA) of space. Constructed in the late 1970€™s/early 1980€™s, the property benefits from a steel frame, quadruple pitch roof. The building underwent a significant refurbishment in 2017 with approximately £2.2m worth of capital expenditure to include a new roof, new windows, new lighting, new loading doors, new concrete floors and resurfacing of the car park and yard area. The ancillary office accommodation benefits from suspended ceilings with recessed lighting, comfort cooling and curtain wall fenestration.
The two-story internal office area is equipped with suspended ceilings, heating, lighting, and curtain wall fenestration. * EPC Rating C52.
Size and specification:
- Gross Internal Floor Area
Unit 7 Delaware Drive | Measurement (GIA) | imperial | metric |
|---|
| Industrial/Warehouse | 43,460 sq.ft | 4,037 sq.m |
| Eaves Height | 8′2″ | 2.5m |
| Total Floor Area | 43,460 sq.ft | 4,037 sq.m |
Agent's Disclaimer
Telsar Ltd give notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or
Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or
Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the
correctness of each of them. No person in the employment of Telsar Ltd has any authority to make any representation or warranty
whatever in relation to this property. All rentals and prices are quoted exclusive of VAT.
Financial Figures: For sale
Milton Keynes MK15 8HD
| Unit | Rates payable
2022/23 | Service Charge
| Annual Rent | Price |
|---|
| Unit 7 Delaware Drive |
not quoted |
not quoted |
On application | £4,750,000
£109 psf |
Figures quoted are for guidance only.
Lease Terms
- Unit 7 Delaware Drive:
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, incre
Agent's Disclaimer:
Telsar Ltd give notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or
Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or
Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the
correctness of each of them. No person in the employment of Telsar Ltd has any authority to make any representation or warranty
whatever in relation to this property. All rentals and prices are quoted exclusive of VAT.
There are no plans available to view for this property. Contact the agent for further information.
Property Location:
50 miles north of London, 17 miles south of Northampton, and 69 miles
southeast of Birmingham.
Road Connectivity
Adjacent to the M1 motorway with access to Junctions 13 and 14.
Close to the A5 trunk road, 1 mile west of the town.
Population
2021 Population Census: 286,000 people.
Milton Keynes City Council anticipate population growth to 410,000 people by 2050
Infrastructure and Transport
Excellent public transport with fast, regular train services to London Euston and Birmingham New Street.
Fastest train journey times: 35 minutes to London Euston, 50 minutes to Birmingham New Street.
Business Attraction
Major national and global employers are represented in the town.
Government Support: Ongoing support for significant future growth.
Fastest Growing Town: Milton Keynes is one of the fastest-growing towns in the UK.
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