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16 Buckingham Rd 711 sq ft Retail Unit Offered at £600,000 in Milton Keynes MK3 5HH
INVESTMENT HIGHLIGHTS
- Prominent corner position
- Easy access to the A5, junction 14 of the M1
- Excellent rail links into London and the north
EXECUTIVE SUMMARY
Bletchley is an established town located 3 miles south of Milton Keynes, providing easy access to the A5, junction 14 of the M1 and has excellent rail links into London and the north. Bletchley has attracted many large retailers including Asda and Ikea due to the extensive regeneration programme and the construction of the large sports/conference stadium, home of the MK Dons.
PROPERTY FACTS
| Total Property Size | 3,500 sq ft | Typical Floor Size | 1,750 sq ft |
| Property Type | Retail (Unit) | Year Built | 1930 |
| Property Subtype | Shopfront Retail / Residential | Total Plot Size | 0.17 ac |
| Costar Property Class | C | Parking Allocation | 5.14/1,000 sq ft |
| Floors | 2 |
| Total Property Size | 3,500 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | C |
| Floors | 2 |
| Typical Floor Size | 1,750 sq ft |
| Year Built | 1930 |
| Total Plot Size | 0.17 ac |
| Parking Allocation | 5.14/1,000 sq ft |
AMENITIES
- Corner Lot
- Signage
1 UNIT AVAILABLE
Unit 24
| Unit Size | 711 sq ft | Sale Type | Investment |
| Price | £600,000 | Tenure | Freehold |
| Price Per sq ft | £843.88 | Net Initial Yield | 3.33% |
| Unit Use | Retail | NOI | £20,000 |
| Unit Size | 711 sq ft |
| Price | £600,000 |
| Price Per sq ft | £843.88 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 3.33% |
| NOI | £20,000 |
DESCRIPTION
Mid terrace, roadside motor repair premises with a secure yard to the rear, located in a prominent corner position on Buckingham Road in Bletchley.
The building comprises a ground floor workshop with full height display windows to the front, first floor storage/ offices and a WC.
SALE NOTES
The premises are available as a Freehold Investment at a figure of £600,000 exclusive.
The property is let on a 5 year lease from 15th October 2023 at a rental of £20,000 per annum, with break and rent review at the end of Year 3.
NEARBY MAJOR RETAILERS
Presented by
16 Buckingham Rd
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