The property is located to the south east of Milton Keynes town centre on the Kingston Industrial Estate, a prime industrial and distribution area, situated between Junctions 13 and 14 of the M1.
Constructed in the late 1990s, the estate has two units sharing a common secure service yard. Each unit has two storey offices to the front. Unit 1 has one standard loading door and two dock levellers. Unit 2 has two standard loading doors covered by an external canopy. The eaves heights are 7.8m (Unit 1) and 7.0m (Unit 2). There are 42 parking spaces for Unit 1 and 29 for Unit 2.
The total area is 50,842 sq ft. The site area is 2.4 acres, giving a site coverage ratio of 49%.
The tenure is virtual freehold.
The property is part of the Scarlet Portfolio. See ‘Scarlet Portfolio’ section for further details.
Successful dilapidations negotiation with outgoing tenant of Unit 1.
Refurbishment of Unit 1 to create an improved unit.
Successful re-letting of Unit 1 in 2012 on 10 year term at £5.50psf.